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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners raised its stake in shares of Resideo Technologies by 1.6% during the 1st quarter. Boston Partners now owns 9,954,419 shares of the company's stock worth $175,640,000 after purchasing an additional 156,536 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Resideo Technologies by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 8,205,405 shares of the company's stock worth $145,234,000 after acquiring an additional 223,063 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Resideo Technologies by 9.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 8,196,828 shares of the company's stock worth $145,084,000 after acquiring an additional 683,714 shares during the period. Nuveen Asset Management LLC raised its stake in Resideo Technologies by 32.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company's stock valued at $53,496,000 after purchasing an additional 567,800 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Resideo Technologies by 4.9% during the 1st quarter. Northern Trust Corp now owns 2,011,422 shares of the company's stock valued at $35,602,000 after purchasing an additional 94,345 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Resideo Technologies Price Performance

Shares of REZI stock traded up $0.1550 during trading hours on Monday, reaching $34.1550. 873,203 shares of the company were exchanged, compared to its average volume of 1,202,360. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $34.25. 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 fifty day moving average is $25.49 and its two-hundred day moving average is $21.10. The company has a market cap of $5.08 billion, a price-to-earnings ratio of -6.25 and a beta of 2.16.

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

Insider Activity

In other news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 4,477,919 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of $22.33 per share, for a total transaction 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. The trade was a 77.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders acquired 7,060,707 shares of company stock worth $177,795,316 and sold 132,688 shares worth $3,976,654. 1.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.