Resideo Technologies (NYSE:REZI) Stock Rating Lowered by Zacks Research

Resideo Technologies (NYSE:REZI) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages have also recently commented on REZI. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Finally, Seaport Research Partners began coverage on shares of Resideo Technologies in a research report on Wednesday, July 1st. They set a “buy” rating and a $55.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.00.

Resideo Technologies Stock Up 9.1%

Resideo Technologies stock traded up $2.83 during midday trading on Thursday, reaching $33.87. The stock had a trading volume of 3,202,480 shares, compared to its average volume of 1,271,974. The stock has a market capitalization of $5.13 billion, a P/E ratio of -8.82 and a beta of 1.64. The firm’s fifty day simple moving average is $31.91 and its 200-day simple moving average is $34.78. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07. Resideo Technologies has a 1-year low of $22.93 and a 1-year high of $45.29.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. 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, analysts expect that Resideo Technologies will post 2.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of REZI. Royal Bank of Canada increased 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 worth $873,000 after purchasing an additional 16,467 shares during the period. AQR Capital Management LLC boosted its stake in Resideo Technologies by 58.9% in the 1st 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. grew its holdings in Resideo Technologies by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock valued at $2,233,000 after buying an additional 9,106 shares in the last quarter. Millennium Management LLC grew its holdings in Resideo Technologies by 1,123.6% in the 1st quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock valued at $4,670,000 after buying an additional 242,260 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Resideo Technologies by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock worth $7,773,000 after buying an additional 26,254 shares during the period. 91.71% of the stock is owned by institutional investors.

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.