Resideo Technologies, Inc. (NYSE:REZI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Resideo Technologies, Inc. (NYSE:REZI) have earned an average rating of “Hold” from the four analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $49.00.

A number of equities research analysts have recently weighed in on REZI shares. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Seaport Research Partners initiated coverage on Resideo Technologies in a research report on Wednesday. They set a “buy” rating and a $55.00 price target on the stock.

Institutional Trading of Resideo Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of REZI. Royal Bank of Canada grew its position in shares of Resideo Technologies by 50.0% in the 1st quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after buying an additional 16,467 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Resideo Technologies by 58.9% in the first quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock valued at $2,172,000 after acquiring an additional 45,517 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Resideo Technologies by 7.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock valued at $2,233,000 after purchasing an additional 9,106 shares during the period. Millennium Management LLC raised its holdings in Resideo Technologies by 1,123.6% during the 1st quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock worth $4,670,000 after purchasing an additional 242,260 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Resideo Technologies by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock worth $7,773,000 after purchasing an additional 26,254 shares during the period. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

REZI stock traded up $0.81 during mid-day trading on Wednesday, hitting $31.91. 79,091 shares of the company were exchanged, compared to its average volume of 1,342,386. Resideo Technologies has a 1-year low of $22.93 and a 1-year high of $45.29. The stock has a market capitalization of $4.83 billion, a PE ratio of -8.31 and a beta of 1.64. The business has a 50 day simple moving average of $33.31 and a 200-day simple moving average of $35.00. 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 posted its 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. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, equities analysts forecast that Resideo Technologies will post 2.63 earnings per share for the current year.

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.