Resideo Technologies (NYSE:REZI) Major Shareholder Purchases $4,396,124.81 in Stock

Resideo Technologies, Inc. (NYSE:REZI) major shareholder Channel Holdings Ii L.P. Cd&R bought 135,641 shares of Resideo Technologies stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $32.41 per share, with a total value of $4,396,124.81. Following the completion of the acquisition, the insider directly owned 12,268,208 shares in the company, valued at $397,612,621.28. This represents a 1.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Channel Holdings Ii L.P. Cd&R also recently made the following trade(s):

• On Thursday, August 21st, Channel Holdings Ii L.P. Cd&R purchased 250,000 shares of Resideo Technologies stock. The stock was purchased at an average price of $32.16 per share, with a total value of $8,040,000.00.
• On Wednesday, August 20th, Channel Holdings Ii L.P. Cd&R acquired 297,000 shares of Resideo Technologies stock. The stock was purchased at an average cost of $31.94 per share, with a total value of $9,486,180.00.
• On Thursday, August 14th, Channel Holdings Ii L.P. Cd&R acquired 203,161 shares of Resideo Technologies stock. The shares were purchased at an average price of $31.89 per share, for a total transaction of $6,478,804.29.
• On Monday, August 18th, Channel Holdings Ii L.P. Cd&R bought 111,000 shares of Resideo Technologies stock. The shares were purchased at an average price of $31.66 per share, for a total transaction of $3,514,260.00.
• On Friday, August 15th, Channel Holdings Ii L.P. Cd&R bought 339,863 shares of Resideo Technologies stock. The stock was purchased at an average cost of $31.42 per share, with a total value of $10,678,495.46.
• On Tuesday, August 12th, Channel Holdings Ii L.P. Cd&R purchased 339,728 shares of Resideo Technologies stock. The shares were acquired at an average cost of $30.75 per share, for a total transaction of $10,446,636.00.
• On Monday, August 11th, Channel Holdings Ii L.P. Cd&R purchased 457,508 shares of Resideo Technologies stock. The shares were acquired at an average cost of $27.34 per share, for a total transaction of $12,508,268.72.
• On Friday, August 8th, Channel Holdings Ii L.P. Cd&R acquired 448,887 shares of Resideo Technologies stock. The stock was acquired at an average price of $27.30 per share, for a total transaction of $12,254,615.10.
• On Friday, July 25th, Channel Holdings Ii L.P. Cd&R acquired 4,477,919 shares of Resideo Technologies stock. The stock was acquired at an average cost of $22.33 per share, with a total value of $99,991,931.27.

Resideo Technologies Stock Up 5.9%

Shares of REZI opened at $33.9960 on Friday. The business’s 50 day moving average is $25.49 and its 200 day moving average is $21.10. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $34.25. The company has a market capitalization of $5.06 billion, a PE ratio of -6.23 and a beta of 2.16.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.12. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the company posted $0.62 EPS. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. Research analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on REZI shares. Oppenheimer raised shares of Resideo Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised their price objective on Resideo Technologies from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, June 3rd. Finally, Morgan Stanley upgraded Resideo Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $24.00 to $35.00 in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Institutional Trading of Resideo Technologies

Large investors have recently made changes to their positions in the business. Quarry LP bought a new position in shares of Resideo Technologies in the 4th quarter valued at about $28,000. Headlands Technologies LLC purchased a new stake in Resideo Technologies during the second quarter valued at approximately $34,000. IFP Advisors Inc raised its position in Resideo Technologies by 20,133.3% during the first quarter. IFP Advisors Inc now owns 2,428 shares of the company’s stock valued at $43,000 after purchasing an additional 2,416 shares during the period. Versant Capital Management Inc lifted its stake in shares of Resideo Technologies by 52.1% in the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company’s stock valued at $56,000 after purchasing an additional 1,087 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Resideo Technologies in the 1st quarter worth approximately $65,000. 91.71% of the stock is currently owned by institutional investors.

About Resideo Technologies

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.