Resideo Technologies (NYSE:REZI) Reaches New 12-Month Low – Time to Sell?

Resideo Technologies, Inc. (NYSE:REZI) reached a new 52-week low during trading on Friday . The company traded as low as $25.46 and last traded at $25.7850, with a volume of 72471 shares traded. The stock had previously closed at $26.07.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley cut their price objective on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. JPMorgan Chase & Co. began coverage on Resideo Technologies in a research note on Friday. They issued a “neutral” rating and a $30.00 target price for the company. Zacks Research cut Resideo Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Friday, July 17th. Finally, Seaport Research Partners initiated coverage on shares of Resideo Technologies in a report on Wednesday, July 1st. They set a “buy” rating and a $55.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.00.

Resideo Technologies Stock Performance

The stock has a market cap of $3.89 billion, a price-to-earnings ratio of -6.70 and a beta of 1.63. 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 firm has a fifty day simple moving average of $32.25 and a 200-day simple moving average of $34.46.

Resideo Technologies (NYSE:REZI) last released 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 during the quarter, compared to analysts’ expectations of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The business’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. Analysts forecast that Resideo Technologies, Inc. will post 2.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Resideo Technologies

Institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC acquired a new stake in shares of Resideo Technologies in the 4th quarter valued at approximately $25,000. Danske Bank A S lifted its position in Resideo Technologies by 600.0% in the 4th quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after acquiring an additional 600 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Resideo Technologies by 283.8% during the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after buying an additional 420 shares during the period. McMillan Office Inc. acquired a new position in Resideo Technologies during the 4th quarter worth approximately $33,000. Finally, Kestra Advisory Services LLC acquired a new position in Resideo Technologies during the fourth quarter worth $34,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

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.