SG Americas Securities LLC Has $10.61 Million Stake in Resideo Technologies, Inc. $REZI

SG Americas Securities LLC raised its stake in Resideo Technologies, Inc. (NYSE:REZI) by 21.4% in the first quarter, Holdings Channel reports. The fund owned 314,845 shares of the company’s stock after purchasing an additional 55,535 shares during the quarter. SG Americas Securities LLC’s holdings in Resideo Technologies were worth $10,613,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in REZI. Alpha Wave Global LP acquired a new stake in Resideo Technologies in the third quarter valued at approximately $8,811,000. Fisher Asset Management LLC increased its holdings in shares of Resideo Technologies by 4.2% during the third quarter. Fisher Asset Management LLC now owns 1,090,528 shares of the company’s stock worth $47,089,000 after buying an additional 44,206 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Resideo Technologies in the 3rd quarter valued at $3,022,000. Swedbank AB lifted its stake in shares of Resideo Technologies by 121.5% in the 4th quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock valued at $82,424,000 after acquiring an additional 1,287,162 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Resideo Technologies by 17.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,177,769 shares of the company’s stock valued at $50,856,000 after acquiring an additional 177,403 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on REZI. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Resideo Technologies has a consensus rating of “Hold” and an average price target of $49.00.

Resideo Technologies Stock Down 4.2%

NYSE:REZI opened at $30.98 on Friday. Resideo Technologies, Inc. has a one year low of $21.81 and a one year high of $45.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. The company has a market cap of $4.69 billion, a PE ratio of -8.07 and a beta of 1.64. The firm’s 50 day simple moving average is $33.68 and its 200 day simple moving average is $35.04.

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

Resideo Technologies 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.