Fox Run Management L.L.C. Takes Position in Resideo Technologies, Inc. $REZI

Fox Run Management L.L.C. acquired a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,932 shares of the company’s stock, valued at approximately $840,000.

A number of other institutional investors and hedge funds also recently modified their holdings of REZI. Franklin Resources Inc. lifted its position in shares of Resideo Technologies by 1,325.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock valued at $81,553,000 after acquiring an additional 1,756,131 shares during the last quarter. Clayton Dubilier & Rice LLC lifted its position in shares of Resideo Technologies by 12.7% during the 4th quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock valued at $525,962,000 after acquiring an additional 1,689,758 shares during the last quarter. Norges Bank acquired a new stake in shares of Resideo Technologies during the 4th quarter valued at $56,059,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Resideo Technologies by 365.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock valued at $84,899,000 after acquiring an additional 1,543,952 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC lifted its position in shares of Resideo Technologies by 124.6% during the 4th quarter. Locust Wood Capital Advisers LLC now owns 2,649,691 shares of the company’s stock valued at $93,057,000 after acquiring an additional 1,470,077 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Resideo Technologies Price Performance

REZI opened at $30.09 on Thursday. The stock has a fifty day moving average of $34.86 and a 200-day moving average of $35.18. The firm has a market capitalization of $4.56 billion, a P/E ratio of -7.84 and a beta of 1.64. Resideo Technologies, Inc. has a 12-month low of $20.41 and a 12-month high of $45.29. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30.

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