Atom Investors LP Boosts Holdings in Resideo Technologies, Inc. $REZI

Atom Investors LP grew its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 427.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 135,557 shares of the company’s stock after acquiring an additional 109,846 shares during the quarter. Atom Investors LP’s holdings in Resideo Technologies were worth $4,761,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Clayton Dubilier & Rice LLC increased its stake in shares of Resideo Technologies by 12.7% in the fourth quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock worth $525,962,000 after buying an additional 1,689,758 shares during the period. Franklin Resources Inc. boosted its holdings in Resideo Technologies by 51.4% in the fourth quarter. Franklin Resources Inc. now owns 2,860,308 shares of the company’s stock valued at $100,454,000 after acquiring an additional 971,643 shares in the last quarter. Locust Wood Capital Advisers LLC boosted its holdings in Resideo Technologies by 124.6% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 2,649,691 shares of the company’s stock valued at $93,057,000 after acquiring an additional 1,470,077 shares in the last quarter. Permian Investment Partners LP boosted its holdings in shares of Resideo Technologies by 156.2% during the 4th quarter. Permian Investment Partners LP now owns 2,474,500 shares of the company’s stock valued at $86,904,000 after buying an additional 1,508,564 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of Resideo Technologies by 121.5% during the 4th quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock valued at $82,424,000 after buying an additional 1,287,162 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Trading Up 2.0%

Shares of NYSE:REZI opened at $32.24 on Wednesday. The stock has a 50 day moving average of $34.64 and a 200 day moving average of $35.18. The company has a market cap of $4.88 billion, a PE ratio of -8.40 and a beta of 1.64. 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, Inc. has a 12-month low of $20.75 and a 12-month high of $45.29.

Resideo Technologies (NYSE:REZI) last posted its quarterly 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 positive return on equity of 16.70% and a negative net margin of 6.71%.The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the company posted $0.63 EPS. 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. As a group, equities research analysts expect that Resideo Technologies, Inc. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

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

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.