New Age Alpha Advisors LLC Sells 105,490 Shares of Resideo Technologies, Inc. $REZI

New Age Alpha Advisors LLC trimmed its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 47.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,204 shares of the company’s stock after selling 105,490 shares during the period. New Age Alpha Advisors LLC’s holdings in Resideo Technologies were worth $4,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of REZI. Royal Bank of Canada raised its stake in shares of Resideo Technologies by 50.0% during the first quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after acquiring an additional 16,467 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Resideo Technologies by 58.9% during 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. raised its stake in shares of Resideo Technologies by 7.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock valued at $2,233,000 after acquiring an additional 9,106 shares during the last quarter. Millennium Management LLC raised its stake in shares of Resideo Technologies by 1,123.6% during the first quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock valued at $4,670,000 after acquiring an additional 242,260 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Resideo Technologies by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock valued at $7,773,000 after acquiring an additional 26,254 shares during the last quarter. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $28.83 on Tuesday. Resideo Technologies, Inc. has a 1 year low of $19.65 and a 1 year high of $45.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. The company’s 50-day moving average is $35.67 and its 200 day moving average is $35.25. The stock has a market capitalization of $4.37 billion, a P/E ratio of -7.51 and a beta of 1.75.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. Resideo Technologies’s quarterly 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. On average, sell-side analysts expect that Resideo Technologies, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

REZI has been the subject of several recent analyst reports. Oppenheimer reaffirmed 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 upped their price objective on shares of Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.67.

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.