EntryPoint Capital LLC Invests $514,000 in Resideo Technologies, Inc. $REZI

Key Points

• EntryPoint Capital LLC has invested approximately $514,000 in Resideo Technologies, acquiring 29,035 shares of the company's stock.
• Resideo Technologies reported $1.94 billion in revenue for the last quarter, exceeding analyst expectations, and has set its FY 2025 EPS guidance between 2.750-2.870.
• Analysts have raised their target prices for Resideo Technologies, with Morgan Stanley increasing the target to $35.00 and rating the stock as "overweight."

EntryPoint Capital LLC acquired a new position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,035 shares of the company's stock, valued at approximately $514,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REZI. Quarry LP purchased a new stake in shares of Resideo Technologies in the fourth quarter worth $28,000. IFP Advisors Inc increased its stake in shares of Resideo Technologies by 20,133.3% in the first quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock worth $43,000 after purchasing an additional 2,416 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Resideo Technologies by 52.1% in the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock worth $56,000 after purchasing an additional 1,087 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Resideo Technologies in the first quarter worth $65,000. Finally, Sterling Capital Management LLC increased its stake in shares of Resideo Technologies by 705.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after purchasing an additional 4,165 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Performance

Shares of NYSE:REZI opened at $32.4790 on Wednesday. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $33.03. The stock has a market capitalization of $4.83 billion, a P/E ratio of -5.95 and a beta of 2.16. The firm has a fifty day simple moving average of $24.78 and a two-hundred day simple moving average of $20.88. 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 (NYSE:REZI - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.83 billion. During the same period last year, the company posted $0.62 EPS. The business's revenue was up 22.3% on a year-over-year basis. 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, analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Resideo Technologies

In other news, EVP Jeannine J. Lane sold 35,398 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president owned 155,136 shares in the company, valued at approximately $4,857,308.16. This trade represents a 18.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 shares were purchased at an average cost of $22.33 per share, with a total value of $99,991,931.27. Following the completion of the purchase, the insider owned 10,232,420 shares in the company, valued at $228,489,938.60. This trade represents a 77.82% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 6,378,066 shares of company stock valued at $155,873,011 and sold 132,688 shares valued at $3,976,654. Corporate insiders own 1.50% of the company's stock.

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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