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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Resideo Technologies in the 4th quarter worth $28,000. IFP Advisors Inc boosted its stake in shares of Resideo Technologies by 20,133.3% in the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock worth $43,000 after buying an additional 2,416 shares during the last quarter. Versant Capital Management Inc boosted 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 during the last quarter. Sterling Capital Management LLC boosted 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 during 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related 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 bought at an average price 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 in the company, valued at approximately $228,489,938.60. The trade was a 77.82% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders bought 7,107,660 shares of company stock valued at $179,370,672 and sold 132,688 shares valued at $3,976,654. Corporate insiders own 1.50% of the company's stock.

Resideo Technologies Price Performance

Shares of REZI stock traded up $0.13 during trading hours on Tuesday, hitting $34.54. The stock had a trading volume of 1,860,204 shares, compared to its average volume of 2,307,718. Resideo Technologies, Inc. has a one year low of $14.18 and a one year high of $34.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.63. The stock's 50-day moving average price is $26.03 and its two-hundred day moving average price is $21.28. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of -6.33 and a beta of 2.16.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued 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. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The business's 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 forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Resideo Technologies Company 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.