Gamco Investors INC. ET AL Reduces Stake in Resideo Technologies, Inc. $REZI

Gamco Investors INC. ET AL cut its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 12.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 319,695 shares of the company’s stock after selling 44,444 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Resideo Technologies were worth $10,777,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Resideo Technologies by 10.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock valued at $111,000 after purchasing an additional 306 shares during the last quarter. Vise Technologies Inc. boosted its position in shares of Resideo Technologies by 2.4% in the 4th quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock worth $480,000 after buying an additional 315 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Resideo Technologies by 36.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock worth $45,000 after buying an additional 342 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Resideo Technologies by 6.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock valued at $208,000 after acquiring an additional 347 shares during the last quarter. Finally, Sage Rhino Capital LLC grew its stake in Resideo Technologies by 6.6% in the 4th quarter. Sage Rhino Capital LLC now owns 6,589 shares of the company’s stock valued at $231,000 after acquiring an additional 409 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Trading Up 1.5%

Shares of REZI opened at $34.57 on Friday. Resideo Technologies, Inc. has a fifty-two week low of $24.15 and a fifty-two week high of $45.29. The company has a market capitalization of $5.24 billion, a PE ratio of -9.00 and a beta of 1.64. The stock has a fifty day moving average of $31.68 and a two-hundred day moving average of $34.77. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. 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. As a group, analysts forecast that Resideo Technologies, Inc. will post 2.81 EPS for the current year.

Wall Street Analyst Weigh In

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

About Resideo Technologies

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.