American Century Companies Inc. Has $2.31 Million Stock Holdings in Resideo Technologies, Inc. $REZI

Key Points

• American Century Companies Inc. increased its stake in Resideo Technologies by 503.1% in the first quarter, purchasing an additional 109,021 shares, bringing their total ownership to approximately $2.31 million.
• Several other institutional investors also made significant adjustments to their positions in Resideo, with a combined 91.71% of the stock being owned by them.
• Research analysts are optimistic about Resideo Technologies, with firms such as Morgan Stanley and Oppenheimer upgrading their ratings and price targets, indicating a consensus rating of "Moderate Buy."

American Century Companies Inc. raised its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 503.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,689 shares of the company's stock after buying an additional 109,021 shares during the quarter. American Century Companies Inc. owned 0.09% of Resideo Technologies worth $2,313,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Boston Partners lifted its stake in Resideo Technologies by 1.6% during the first quarter. Boston Partners now owns 9,954,419 shares of the company's stock valued at $175,640,000 after buying an additional 156,536 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Resideo Technologies by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 8,205,405 shares of the company's stock worth $145,234,000 after purchasing an additional 223,063 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Resideo Technologies by 32.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company's stock worth $53,496,000 after purchasing an additional 567,800 shares in the last quarter. Nuveen LLC acquired a new position in Resideo Technologies in the first quarter worth approximately $34,239,000. Finally, Northern Trust Corp increased its holdings in Resideo Technologies by 14.3% in the fourth quarter. Northern Trust Corp now owns 1,917,077 shares of the company's stock worth $44,189,000 after buying an additional 239,967 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Trading Up 3.4%

Shares of Resideo Technologies stock traded up $1.15 during trading on Thursday, hitting $34.98. 468,379 shares of the company were exchanged, compared to its average volume of 1,221,544. The firm has a market capitalization of $5.20 billion, a P/E ratio of -6.41 and a beta of 2.24. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $34.97. The firm's fifty day moving average price is $27.55 and its 200 day moving average price is $21.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.63.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.12. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The company's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. As a group, sell-side analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Insider Activity

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 4,477,919 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average cost of $22.33 per share, for a total transaction of $99,991,931.27. Following the transaction, the insider owned 10,232,420 shares of the company's stock, valued at $228,489,938.60. This trade represents a 77.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders purchased 7,137,120 shares of company stock valued at $180,372,607 and sold 136,021 shares valued at $4,091,809. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Oppenheimer upgraded Resideo Technologies from a "market perform" rating to an "outperform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Finally, Morgan Stanley upgraded shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $24.00 to $35.00 in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Resideo Technologies presently has an average rating of "Moderate Buy" and an average target price of $28.00.

Resideo Technologies Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.