Analysts Set Resideo Technologies, Inc. (NYSE:REZI) Target Price at $34.67

Shares of Resideo Technologies, Inc. (NYSE:REZI) have received a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $34.6667.

A number of equities research analysts have issued reports on the company. Zacks Research cut Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Oppenheimer boosted their target price on shares of Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Finally, Wall Street Zen cut shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th.

Resideo Technologies Price Performance

REZI opened at $35.13 on Friday. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of -7.51 and a beta of 1.71. Resideo Technologies has a fifty-two week low of $14.18 and a fifty-two week high of $45.29. The company’s 50-day moving average price is $35.17 and its 200 day moving average price is $33.10. The company has a quick ratio of 1.07, a current ratio of 1.88 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. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. Resideo Technologies had a positive return on equity of 14.96% and a negative net margin of 8.85%.The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. 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. As a group, sell-side analysts expect that Resideo Technologies will post 2.13 earnings per share for the current year.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 566,758 shares of Resideo Technologies stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $31.82 per share, for a total transaction of $18,034,239.56. Following the transaction, the insider owned 14,960,492 shares of the company’s stock, valued at $476,042,855.44. The trade was a 3.94% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew C. Teich purchased 8,149 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was acquired at an average cost of $30.68 per share, with a total value of $250,011.32. Following the purchase, the director owned 340,621 shares of the company’s stock, valued at approximately $10,450,252.28. This represents a 2.45% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 1,697,907 shares of company stock valued at $53,222,621. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Resideo Technologies

Institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its stake in Resideo Technologies by 283.8% during the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after buying an additional 420 shares during the period. ORG Partners LLC increased its stake in shares of Resideo Technologies by 588.2% during the third quarter. ORG Partners LLC now owns 585 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Resideo Technologies by 1,778.8% during the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after acquiring an additional 587 shares during the period. Jones Financial Companies Lllp raised its holdings in Resideo Technologies by 128.4% during the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock worth $39,000 after purchasing an additional 525 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Resideo Technologies in the third quarter worth approximately $43,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

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.