New Age Alpha Advisors LLC Sells 105,490 Shares of Resideo Technologies, Inc. $REZI

New Age Alpha Advisors LLC reduced its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 47.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 117,204 shares of the company’s stock after selling 105,490 shares during the period. New Age Alpha Advisors LLC owned approximately 0.08% of Resideo Technologies worth $4,116,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in REZI. Royal Bank of Canada lifted its holdings in shares of Resideo Technologies by 50.0% during the 1st quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock worth $873,000 after acquiring an additional 16,467 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Resideo Technologies by 58.9% during the 1st quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock worth $2,172,000 after acquiring an additional 45,517 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Resideo Technologies by 7.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock worth $2,233,000 after acquiring an additional 9,106 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Resideo Technologies by 1,123.6% during the 1st quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock worth $4,670,000 after acquiring an additional 242,260 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 acquiring an additional 26,254 shares during the last quarter. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Stock Performance

Resideo Technologies stock opened at $28.83 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $4.37 billion, a PE ratio of -7.51 and a beta of 1.75. The firm has a fifty day simple moving average of $35.67 and a two-hundred day simple moving average of $35.25. Resideo Technologies, Inc. has a twelve month low of $19.65 and a twelve month high of $45.29.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Research analysts expect that Resideo Technologies, Inc. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Finally, Morgan Stanley lifted their price objective on shares of Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Two investment 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’s stock. Based on data from MarketBeat.com, Resideo Technologies presently has an average rating of “Hold” and a consensus price target of $39.67.

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.