Resideo Technologies (NYSE:REZI) Shares Gap Down – Here’s What Happened

Resideo Technologies, Inc. (NYSE:REZI)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $36.68, but opened at $31.77. Resideo Technologies shares last traded at $31.7030, with a volume of 620,971 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on REZI. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Morgan Stanley raised their price objective on shares of Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.67.

Resideo Technologies Price Performance

The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.14. The stock’s 50 day simple moving average is $36.61 and its two-hundred day simple moving average is $35.98. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of -7.82 and a beta of 1.75.

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 analysts’ consensus estimates 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 the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. The business’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. On average, analysts forecast that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Resideo Technologies

A number of institutional investors have recently bought and sold shares of the business. Clayton Dubilier & Rice LLC lifted its holdings in shares of Resideo Technologies by 12.7% during the fourth quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock valued at $525,962,000 after acquiring an additional 1,689,758 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Resideo Technologies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 7,787,434 shares of the company’s stock valued at $262,505,000 after acquiring an additional 64,613 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Resideo Technologies by 51.4% during the fourth quarter. Franklin Resources Inc. now owns 2,860,308 shares of the company’s stock valued at $100,454,000 after acquiring an additional 971,643 shares during the period. Swedbank AB lifted its holdings in shares of Resideo Technologies by 13.6% during the first quarter. Swedbank AB now owns 2,665,123 shares of the company’s stock valued at $89,841,000 after acquiring an additional 318,204 shares during the period. Finally, Locust Wood Capital Advisers LLC lifted its holdings in shares of Resideo Technologies by 124.6% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 2,649,691 shares of the company’s stock valued at $93,057,000 after acquiring an additional 1,470,077 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

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.