Resideo Technologies, Inc. $REZI Position Cut by Gabelli Funds LLC

Gabelli Funds LLC trimmed its stake in Resideo Technologies, Inc. (NYSE:REZI) by 9.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 456,030 shares of the company’s stock after selling 50,045 shares during the quarter. Gabelli Funds LLC’s holdings in Resideo Technologies were worth $16,016,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in Resideo Technologies by 283.8% in the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after buying an additional 420 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in Resideo Technologies by 1,778.8% in the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after buying an additional 587 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Resideo Technologies in the fourth quarter valued at $25,000. Danske Bank A S lifted its stake in Resideo Technologies by 600.0% in the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after buying an additional 600 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Resideo Technologies by 128.4% in the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock valued at $39,000 after buying an additional 525 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $28.24 on Tuesday. Resideo Technologies, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $45.29. The firm’s 50-day simple moving average is $36.27 and its 200 day simple moving average is $35.76. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. The stock has a market cap of $4.28 billion, a P/E ratio of -7.35 and a beta of 1.75.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the business earned $0.63 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. 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. Equities analysts expect that Resideo Technologies, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

REZI has been the topic of a number of recent research reports. Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Finally, Morgan Stanley boosted their price target on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.67.

Resideo Technologies Company 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.