Ariel Investments LLC Boosts Holdings in Resideo Technologies, Inc. $REZI

Key Points

• Ariel Investments LLC increased its stake in Resideo Technologies by 5.1%, now owning approximately 6.51% of the company, valued at around $171 million.
• Resideo Technologies' shares fell by 1.3%, and the company has a market cap of $5 billion, with a price-to-earnings ratio of -6.16.
• Recent earnings showed Resideo posted $0.66 earnings per share, exceeding analysts' expectations, while the company anticipates a fiscal year 2025 EPS between 2.750 and 2.870.

Ariel Investments LLC boosted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 5.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,664,671 shares of the company's stock after purchasing an additional 465,571 shares during the period. Resideo Technologies makes up approximately 2.0% of Ariel Investments LLC's portfolio, making the stock its 22nd biggest holding. Ariel Investments LLC owned 6.51% of Resideo Technologies worth $171,065,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of REZI. Nuveen LLC purchased a new stake in shares of Resideo Technologies in the first quarter worth about $34,239,000. Fuller & Thaler Asset Management Inc. lifted its holdings in Resideo Technologies by 9.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 8,196,828 shares of the company's stock valued at $145,084,000 after acquiring an additional 683,714 shares during the period. Nuveen Asset Management LLC boosted its position in Resideo Technologies by 32.4% in the 4th 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. Northern Trust Corp grew its stake in shares of Resideo Technologies by 14.3% during the 4th quarter. Northern Trust Corp now owns 1,917,077 shares of the company's stock worth $44,189,000 after purchasing an additional 239,967 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Resideo Technologies by 2.8% during the 1st 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 during the period. Institutional investors and hedge funds own 91.71% of the company's stock.

Resideo Technologies Stock Down 1.3%

Shares of NYSE REZI opened at $33.62 on Wednesday. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of -6.16 and a beta of 2.24. The company's 50-day simple moving average is $27.31 and its 200-day simple moving average is $21.71. The company has a quick ratio of 0.63, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $34.89.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Resideo Technologies

In other news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 4,477,919 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $22.33 per share, for a total transaction of $99,991,931.27. Following the completion of 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders purchased 7,107,660 shares of company stock valued at $179,370,672 and sold 136,021 shares valued at $4,091,809. 1.50% of the stock is currently owned by company insiders.

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.

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