61,100 Shares in Resideo Technologies, Inc. $REZI Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Resideo Technologies, Inc. (NYSE:REZI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 61,100 shares of the company’s stock, valued at approximately $2,060,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in REZI. Smartleaf Asset Management LLC raised its holdings in shares of Resideo Technologies by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock valued at $111,000 after purchasing an additional 306 shares in the last quarter. Vise Technologies Inc. grew its stake in shares of Resideo Technologies by 2.4% during the fourth quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock worth $480,000 after purchasing an additional 315 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Resideo Technologies by 36.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 342 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Resideo Technologies by 6.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock valued at $208,000 after buying an additional 347 shares during the last quarter. Finally, Sage Rhino Capital LLC raised its stake in Resideo Technologies by 6.6% in the fourth quarter. Sage Rhino Capital LLC now owns 6,589 shares of the company’s stock valued at $231,000 after buying an additional 409 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $31.10 on Wednesday. The stock’s 50-day moving average price is $33.31 and its 200 day moving average price is $35.00. 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 stock has a market capitalization of $4.71 billion, a PE ratio of -8.10 and a beta of 1.64. Resideo Technologies, Inc. has a 52-week low of $21.81 and a 52-week high of $45.29.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data 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 positive return on equity of 16.70% and a negative net margin of 6.71%.The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. 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, equities research analysts forecast that Resideo Technologies, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on REZI. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.00.

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.