Resideo Technologies, Inc. $REZI Shares Purchased by State of Wyoming

State of Wyoming raised its position in Resideo Technologies, Inc. (NYSE:REZI) by 75.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 37,048 shares of the company’s stock after buying an additional 15,882 shares during the quarter. State of Wyoming’s holdings in Resideo Technologies were worth $1,249,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in shares of Resideo Technologies in the 4th quarter worth $25,000. Danske Bank A S increased its stake in shares of Resideo Technologies by 600.0% during the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock worth $25,000 after acquiring an additional 600 shares during the period. Larson Financial Group LLC raised its holdings in Resideo Technologies by 283.8% during the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after purchasing an additional 420 shares in the last quarter. McMillan Office Inc. purchased a new position in Resideo Technologies during the fourth quarter worth about $33,000. Finally, Kestra Advisory Services LLC acquired a new stake in Resideo Technologies in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Down 1.6%

Shares of NYSE REZI opened at $34.09 on Thursday. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of -8.88 and a beta of 1.64. Resideo Technologies, Inc. has a 52 week low of $24.15 and a 52 week high of $45.29. The firm has a 50-day moving average price of $31.47 and a 200 day moving average price of $34.78. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business posted $0.63 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Resideo Technologies has set its FY 2026 guidance at 3.000-3.200 EPS and its Q2 2026 guidance at 0.710-0.750 EPS. Equities research analysts anticipate that Resideo Technologies, Inc. will post 2.81 EPS for the current fiscal year.

Analyst Ratings Changes

REZI has been the topic of a number of analyst reports. Seaport Research Partners started coverage on Resideo Technologies in a report on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price objective on the stock. Morgan Stanley reduced their price target on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Zacks Research downgraded Resideo Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.50.

Resideo Technologies Company Profile

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.