Global Alpha Capital Management Ltd. Invests $20.92 Million in Resideo Technologies, Inc. $REZI

Global Alpha Capital Management Ltd. acquired a new stake in Resideo Technologies, Inc. (NYSE:REZI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 595,800 shares of the company’s stock, valued at approximately $20,924,000. Global Alpha Capital Management Ltd. owned about 0.40% of Resideo Technologies as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpha Wave Global LP acquired a new position in Resideo Technologies during the third quarter worth about $8,811,000. Fisher Asset Management LLC raised its holdings in Resideo Technologies by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 1,090,528 shares of the company’s stock valued at $47,089,000 after acquiring an additional 44,206 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in Resideo Technologies in the 3rd quarter worth approximately $3,022,000. Swedbank AB lifted its stake in Resideo Technologies by 121.5% in the 4th quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock worth $82,424,000 after purchasing an additional 1,287,162 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Resideo Technologies by 17.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,177,769 shares of the company’s stock worth $50,856,000 after purchasing an additional 177,403 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on REZI shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Morgan Stanley increased their target price on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $49.00.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $31.22 on Friday. The company has a market cap of $4.73 billion, a P/E ratio of -8.13 and a beta of 1.64. The firm has a fifty day moving average price of $35.04 and a 200 day moving average price of $35.12. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a 12 month low of $20.41 and a 12 month high of $45.29.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, topping 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 firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business earned $0.63 EPS. Resideo Technologies’s revenue for the quarter was up 8.0% compared to the same quarter last year. 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. Sell-side analysts predict that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal year.

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.