Kennedy Capital Management LLC Purchases 159,433 Shares of Resideo Technologies, Inc. $REZI

Kennedy Capital Management LLC raised its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 33.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 642,829 shares of the company’s stock after acquiring an additional 159,433 shares during the quarter. Kennedy Capital Management LLC owned about 0.43% of Resideo Technologies worth $22,576,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of REZI. Franklin Resources Inc. boosted its position in Resideo Technologies by 1,325.0% during the third quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock valued at $81,553,000 after acquiring an additional 1,756,131 shares during the last quarter. Clayton Dubilier & Rice LLC raised its holdings in shares of Resideo Technologies by 12.7% during the fourth quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock valued at $525,962,000 after purchasing an additional 1,689,758 shares during the period. Norges Bank acquired a new position in shares of Resideo Technologies during the fourth quarter valued at about $56,059,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Resideo Technologies by 365.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock valued at $84,899,000 after purchasing an additional 1,543,952 shares during the period. Finally, Permian Investment Partners LP raised its holdings in shares of Resideo Technologies by 156.2% during the fourth quarter. Permian Investment Partners LP now owns 2,474,500 shares of the company’s stock valued at $86,904,000 after purchasing an additional 1,508,564 shares during the period. Institutional investors own 91.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Resideo Technologies Stock Up 1.3%

REZI opened at $31.59 on Friday. The company has a 50 day moving average of $34.75 and a 200 day moving average of $35.16. The company has a market cap of $4.78 billion, a PE ratio of -8.23 and a beta of 1.64. Resideo Technologies, Inc. has a 12 month low of $20.41 and a 12 month high of $45.29. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. Resideo Technologies’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. 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. On average, sell-side analysts expect that Resideo Technologies, Inc. will post 2.63 EPS for the current year.

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.