Resideo Technologies, Inc. $REZI is Beaconlight Capital LLC’s 2nd Largest Position

Beaconlight Capital LLC grew its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 7.5% in the 4th quarter, HoldingsChannel reports. The firm owned 693,311 shares of the company’s stock after purchasing an additional 48,283 shares during the quarter. Resideo Technologies makes up 14.2% of Beaconlight Capital LLC’s holdings, making the stock its 2nd biggest holding. Beaconlight Capital LLC’s holdings in Resideo Technologies were worth $24,349,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in REZI. Royal Bank of Canada boosted its stake in shares of Resideo Technologies by 50.0% in the first quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after purchasing an additional 16,467 shares during the period. AQR Capital Management LLC boosted its stake in shares of Resideo Technologies by 58.9% in the first quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock valued at $2,172,000 after purchasing an additional 45,517 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Resideo Technologies by 7.8% in 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 purchasing an additional 9,106 shares during the period. Millennium Management LLC boosted its stake in shares of Resideo Technologies by 1,123.6% in the first quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock valued at $4,670,000 after purchasing an additional 242,260 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Resideo Technologies by 6.4% in 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 purchasing an additional 26,254 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Down 5.5%

Shares of NYSE:REZI opened at $30.46 on Thursday. The firm’s 50 day moving average price is $34.55 and its 200 day moving average price is $35.16. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -7.93 and a beta of 1.64. Resideo Technologies, Inc. has a fifty-two week low of $20.75 and a fifty-two week 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 issued its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share 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 firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company earned $0.63 earnings per share. The firm’s revenue 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. As a group, equities research analysts predict that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on REZI shares. Morgan Stanley raised 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $49.00.

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.