Universal Beteiligungs und Servicegesellschaft mbH Increases Position in Resideo Technologies, Inc. $REZI

Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 274.7% during the third quarter, Holdings Channel reports. The firm owned 83,892 shares of the company’s stock after acquiring an additional 61,504 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Resideo Technologies were worth $3,622,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. ORG Partners LLC raised its holdings in shares of Resideo Technologies by 588.2% in the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the period. Salomon & Ludwin LLC increased its stake in Resideo Technologies by 3,591.2% during the third quarter. Salomon & Ludwin LLC now owns 1,255 shares of the company’s stock worth $54,000 after purchasing an additional 1,221 shares during the period. Headlands Technologies LLC purchased a new stake in Resideo Technologies during the second quarter worth about $34,000. IFP Advisors Inc lifted its position in shares of Resideo Technologies by 37.6% during the second quarter. IFP Advisors Inc now owns 3,341 shares of the company’s stock worth $81,000 after purchasing an additional 913 shares in the last quarter. Finally, Aspiriant LLC purchased a new position in shares of Resideo Technologies in the third quarter valued at approximately $212,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 566,758 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were bought at an average price of $31.82 per share, with a total value of $18,034,239.56. Following the completion of the acquisition, the insider owned 14,960,492 shares in the company, valued at $476,042,855.44. This trade represents a 3.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew C. Teich acquired 8,149 shares of Resideo Technologies stock in a transaction dated Monday, November 10th. The shares were bought at an average price of $30.68 per share, with a total value of $250,011.32. Following the transaction, the director directly owned 340,621 shares in the company, valued at approximately $10,450,252.28. The trade was a 2.45% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 1,697,907 shares of company stock worth $53,222,621 in the last three months. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

REZI has been the topic of several recent research reports. Wall Street Zen downgraded shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Finally, Zacks Research lowered Resideo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.67.

Resideo Technologies Price Performance

Shares of REZI opened at $33.32 on Thursday. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of -7.12 and a beta of 1.71. The firm’s fifty day simple moving average is $35.08 and its 200-day simple moving average is $35.01. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $45.29. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.71 by $0.18. Resideo Technologies had a positive return on equity of 14.96% and a negative net margin of 8.85%.The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. Resideo Technologies’s revenue for the quarter was up 2.0% compared to the same quarter last year. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS and its Q4 2025 guidance at 0.420-0.520 EPS. Equities analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

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.