Resideo Technologies, Inc. $REZI Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 113.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,101 shares of the company’s stock after acquiring an additional 3,237 shares during the period. Blue Trust Inc.’s holdings in Resideo Technologies were worth $135,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Resideo Technologies during the first quarter worth $733,000. Exchange Traded Concepts LLC boosted its holdings in shares of Resideo Technologies by 1,261.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company’s stock valued at $127,000 after buying an additional 6,634 shares during the period. Nilsine Partners LLC grew its position in shares of Resideo Technologies by 8.0% during the 1st quarter. Nilsine Partners LLC now owns 16,858 shares of the company’s stock valued at $298,000 after buying an additional 1,251 shares during the last quarter. Steph & Co. raised its stake in Resideo Technologies by 6.9% during the first quarter. Steph & Co. now owns 12,209 shares of the company’s stock worth $216,000 after acquiring an additional 787 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Resideo Technologies by 4.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 161,634 shares of the company’s stock worth $2,861,000 after acquiring an additional 7,446 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

REZI has been the subject of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Wednesday, October 8th. Zacks Research upgraded Resideo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Oppenheimer upped their price objective on Resideo Technologies from $35.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Finally, Morgan Stanley upgraded Resideo Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $24.00 to $35.00 in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.67.

Resideo Technologies Price Performance

NYSE REZI opened at $41.43 on Friday. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $43.96. The firm has a market capitalization of $6.16 billion, a PE ratio of -7.59 and a beta of 2.23. The company’s 50 day simple moving average is $37.37 and its 200 day simple moving average is $26.42. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.63.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the company posted $0.62 EPS. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. As a group, equities research analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Channel Holdings Ii L.P. Cd&R bought 4,477,919 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average cost of $22.33 per share, with a total value of $99,991,931.27. Following the completion of the acquisition, the insider directly owned 10,232,420 shares in the company, valued at approximately $228,489,938.60. The trade was a 77.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders bought 7,545,693 shares of company stock worth $194,098,517 and sold 133,231 shares worth $4,025,742. 1.50% of the stock is owned by corporate insiders.

Resideo Technologies Company Profile

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.