Resideo Technologies, Inc. $REZI Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Resideo Technologies, Inc. by 0.5%, owning approximately 1.11% of the company, valued at around $29.27 million as of the most recent reporting period.
• Resideo Technologies reported better-than-expected earnings for the last quarter, with $0.66 earnings per share, surpassing analysts' estimates of $0.54, and a revenue increase of 22.3% year-over-year.
• Analysts have recently upgraded their ratings and price targets for Resideo Technologies, with Morgan Stanley increasing its target from $24.00 to $35.00, indicating positive sentiment around the stock.

Charles Schwab Investment Management Inc. grew its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,653,693 shares of the company's stock after acquiring an additional 8,303 shares during the period. Charles Schwab Investment Management Inc. owned 1.11% of Resideo Technologies worth $29,270,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Resideo Technologies in the fourth quarter worth $28,000. IFP Advisors Inc grew its stake in Resideo Technologies by 20,133.3% during the first quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock valued at $43,000 after acquiring an additional 2,416 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Resideo Technologies by 52.1% in the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock worth $56,000 after buying an additional 1,087 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Resideo Technologies by 705.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after buying an additional 4,165 shares in the last quarter. Finally, Natixis purchased a new position in shares of Resideo Technologies in the 4th quarter worth $115,000. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Stock Performance

NYSE:REZI traded up $0.45 during mid-day trading on Monday, hitting $34.45. The company's stock had a trading volume of 2,409,981 shares, compared to its average volume of 2,241,748. The business's fifty day moving average is $25.76 and its two-hundred day moving average is $21.19. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $34.60. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of -6.31 and a beta of 2.16. 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.83 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The firm'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. Analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Analysts Set New Price Targets

REZI has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Oppenheimer raised shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley upgraded shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and boosted their price objective 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 given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Insider Transactions at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 4,477,919 shares of the firm's stock in a transaction on Friday, July 25th. The shares were acquired at an average cost of $22.33 per share, with a total value of $99,991,931.27. Following the completion of the acquisition, the insider directly owned 10,232,420 shares in the company, valued at approximately $228,489,938.60. This trade represents a 77.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have acquired 7,060,707 shares of company stock worth $177,795,316 and have sold 132,688 shares worth $3,976,654. 1.50% of the stock is currently owned by insiders.

About Resideo Technologies

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.