Resideo Technologies (NYSE:REZI) Given New $29.00 Price Target at Citizens Jmp

Resideo Technologies (NYSE:REZI - Get Free Report) had its price objective raised by research analysts at Citizens Jmp from $22.00 to $29.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "market outperform" rating on the stock. Citizens Jmp's target price would indicate a potential upside of 24.70% from the stock's previous close.

Several other research analysts have also commented on REZI. Citigroup assumed coverage on shares of Resideo Technologies in a report on Monday, October 19th. They issued a "market outperform" rating on the stock. Oppenheimer decreased their price objective on shares of Resideo Technologies from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Wednesday. Weiss Ratings downgraded shares of Resideo Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday. Zacks Research raised shares of Resideo Technologies from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 13th. Finally, Evercore initiated coverage on shares of Resideo Technologies in a research note on Monday, September 28th. They issued an "outperform" rating and a $30.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $31.80.

Resideo Technologies Stock Performance

NYSE:REZI traded up $0.26 during trading hours on Thursday, reaching $23.25. 560,634 shares of the company's stock were exchanged, compared to its average volume of 1,670,660. Resideo Technologies has a 1-year low of $15.90 and a 1-year high of $42.95. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 15.64 and a beta of 1.58. The company has a 50-day moving average of $18.48 and a 200 day moving average of $29.27. The company has a quick ratio of 1.41, a current ratio of 2.22 and a debt-to-equity ratio of 1.41.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its earnings results on Tuesday, November 10th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.12. The business had revenue of $727.00 million for the quarter, compared to the consensus estimate of $712.64 million. Resideo Technologies had a net margin of 4.50% and a return on equity of 15.62%. The business's quarterly revenue was down 61.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. Research analysts anticipate that Resideo Technologies will post 2.16 EPS for the current year.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, SVP Amit Mehta acquired 10,928 shares of the stock in a transaction on Monday, August 17th. The stock was purchased at an average price of $20.68 per share, for a total transaction of $225,991.04. Following the purchase, the senior vice president directly owned 57,362 shares in the company, valued at $1,186,246.16. This trade represents a 23.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Surran acquired 15,000 shares of the company's stock in a transaction on Friday, August 14th. The shares were acquired at an average price of $20.46 per share, for a total transaction of $306,900.00. Following the completion of the acquisition, the chief executive officer directly owned 338,573 shares in the company, valued at $6,927,203.58. The trade was a 4.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 41,245 shares of company stock worth $848,115 in the last 90 days. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Resideo Technologies

A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in Resideo Technologies in the second quarter valued at $28,000. State of Wyoming acquired a new position in Resideo Technologies during the 2nd quarter worth $91,000. Sterling Capital Management LLC grew its holdings in Resideo Technologies by 27.0% during the 3rd quarter. Sterling Capital Management LLC now owns 3,015 shares of the company's stock worth $55,000 after acquiring an additional 641 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in Resideo Technologies during the 3rd quarter worth $56,000. Finally, Nykredit A S bought a new stake in shares of Resideo Technologies in the 2nd quarter worth about $132,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Resideo Technologies News Summary

Investors following REZI have been watching these news items:

• Positive Sentiment: Resideo reported adjusted EPS of $0.52, beating the $0.40 consensus, and revenue of $727 million, above expectations. Revenue grew 3% year over year, or 6% excluding OEM Security; gross margin expanded for a 14th consecutive quarter. The company also raised the lower end of its full-year growth outlook. Resideo Announces Third Quarter 2026 Financial Results and Updates 2026 Outlook
• Positive Sentiment: Citizens raised its price target to $29, citing strong Q3 results, adding to the favorable reaction to the earnings report. Citizens raises Resideo price target
• Negative Sentiment: Full-year 2026 adjusted EPS guidance of $1.92–$1.98 is below the $2.03 consensus. Fourth-quarter revenue guidance of $710–$730 million is also slightly below the $729.3 million estimate at its midpoint. OEM Security weakness and a cautious outlook could limit the benefit of the Q3 beat. Q3 2026 outlook and business trends

Resideo Technologies Company Profile

Resideo Technologies is a provider of products and services for home comfort, safety, security and energy management. Its offerings include thermostats and other heating and cooling controls, indoor air quality products, water leak detection devices, fire and carbon monoxide alarms, and security systems. Products are sold under brands that include Honeywell Home and First Alert. The company also operates ADI Global Distribution, a distributor of security, audio-visual, communications and smart-home products.

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