Resideo Technologies (NYSE:REZI) Stock Price Up 5.4% – What’s Next?

Resideo Technologies, Inc. (NYSE:REZI)’s stock price was up 5.4% during mid-day trading on Friday . The company traded as high as $31.70 and last traded at $31.8650. Approximately 149,292 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,331,843 shares. The stock had previously closed at $30.23.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on REZI shares. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Morgan Stanley upped their target price on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.00.

Resideo Technologies Trading Up 6.7%

The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. The company has a fifty day simple moving average of $35.13 and a 200-day simple moving average of $35.15. The company has a market capitalization of $4.88 billion, a PE ratio of -8.40 and a beta of 1.64.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company posted $0.63 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. 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. Analysts predict that Resideo Technologies, Inc. will post 2.63 EPS for the current year.

Institutional Investors Weigh In On Resideo Technologies

Several large investors have recently bought and sold shares of REZI. Franklin Resources Inc. increased its holdings in Resideo Technologies by 1,325.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock worth $81,553,000 after purchasing an additional 1,756,131 shares during the period. Clayton Dubilier & Rice LLC increased its holdings in shares of Resideo Technologies by 12.7% in the 4th quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock valued at $525,962,000 after acquiring an additional 1,689,758 shares during the last quarter. Sachem Head Capital Management LP purchased a new position in shares of Resideo Technologies in the 4th quarter valued at about $57,070,000. Norges Bank purchased a new position in shares of Resideo Technologies in the 4th quarter valued at about $56,059,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Resideo Technologies by 365.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock valued at $84,899,000 after acquiring an additional 1,543,952 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

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.