Dimensional Fund Advisors LP Increases Holdings in Resideo Technologies, Inc. $REZI

Key Points

• Dimensional Fund Advisors LP increased its stake in Resideo Technologies, Inc. by 2.8%, owning a total of 8,205,405 shares valued at approximately $145.2 million at the end of the first quarter.
• Several institutional investors, including Nuveen LLC and Public Sector Pension Investment Board, have also recently made significant moves in Resideo Technologies, with 91.71% of the stock held by institutional investors.
• Resideo Technologies reported better-than-expected earnings and revenue for the most recent quarter, with a 22.3% year-over-year revenue increase to $1.94 billion and an EPS of $0.66, surpassing analyst estimates.

Dimensional Fund Advisors LP lifted its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,205,405 shares of the company's stock after acquiring an additional 223,063 shares during the period. Dimensional Fund Advisors LP owned 5.53% of Resideo Technologies worth $145,234,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in shares of Resideo Technologies in the 1st quarter worth approximately $34,239,000. Nuveen Asset Management LLC boosted its stake in Resideo Technologies by 32.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company's stock worth $53,496,000 after buying an additional 567,800 shares during the period. Raymond James Financial Inc. bought a new position in Resideo Technologies during the fourth quarter valued at $5,914,000. Northern Trust Corp increased its position in Resideo Technologies by 14.3% during the fourth quarter. Northern Trust Corp now owns 1,917,077 shares of the company's stock valued at $44,189,000 after acquiring an additional 239,967 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of Resideo Technologies by 44.6% in the first quarter. Public Sector Pension Investment Board now owns 529,621 shares of the company's stock valued at $9,374,000 after acquiring an additional 163,445 shares during the period. 91.71% of the stock is owned by institutional investors.

Insider Transactions at Resideo Technologies

In other news, insider Robert B. Aarnes sold 47,000 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $28.00, for a total transaction of $1,316,000.00. Following the transaction, the insider owned 503,692 shares of the company's stock, valued at approximately $14,103,376. This represents a 8.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeannine J. Lane sold 35,398 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $31.31, for a total value of $1,108,311.38. Following the transaction, the executive vice president owned 155,136 shares in the company, valued at approximately $4,857,308.16. This represents a 18.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 6,378,066 shares of company stock valued at $155,873,011 and have sold 132,688 shares valued at $3,976,654. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on REZI. JPMorgan Chase & Co. lifted their price target 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. Morgan Stanley upgraded 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 report on Tuesday, August 12th. Finally, Oppenheimer upgraded Resideo Technologies from a "market perform" rating to an "outperform" rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Resideo Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Resideo Technologies Trading Down 1.2%

Shares of REZI opened at $32.0950 on Thursday. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of -5.88 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, Inc. has a 1-year low of $14.18 and a 1-year high of $33.03. The company has a 50-day moving average of $25.00 and a 200 day moving average of $20.96.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.66 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 business 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 earnings per share. The company'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. On average, research analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.