Fuller & Thaler Asset Management Inc. Has $145.08 Million Holdings in Resideo Technologies, Inc. $REZI

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Resideo Technologies by 9.1%, owning approximately 5.52% of the company worth $145 million as of the end of the latest quarter.
• Resideo Technologies reported a 22.3% increase in revenue year-over-year, with earnings per share of $0.66, surpassing analyst expectations of $0.54.
• Several investment firms upgraded their ratings and price targets for Resideo Technologies, with Morgan Stanley raising its price target from $24 to $35.

Fuller & Thaler Asset Management Inc. boosted its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,196,828 shares of the company's stock after acquiring an additional 683,714 shares during the period. Fuller & Thaler Asset Management Inc. owned 5.52% of Resideo Technologies worth $145,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Resideo Technologies during the 4th quarter worth about $28,000. IFP Advisors Inc boosted its stake in shares of Resideo Technologies by 20,133.3% during the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock worth $43,000 after purchasing an additional 2,416 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Resideo Technologies by 52.1% during the 1st 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 during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Resideo Technologies by 705.9% during the 4th 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 during the last quarter. Finally, Natixis acquired a new stake in shares of Resideo Technologies during the 4th quarter worth about $115,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Trading Up 5.9%

NYSE REZI traded up $1.8860 during mid-day trading on Friday, hitting $33.9960. The company's stock had a trading volume of 2,109,973 shares, compared to its average volume of 2,163,590. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $34.25. The stock's fifty day simple moving average is $25.49 and its two-hundred day simple moving average is $21.11. 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 firm has a market capitalization of $5.06 billion, a P/E ratio of -6.23 and a beta of 2.16.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.54 by $0.12. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates 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 for the quarter was up 22.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. Research analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Insider Transactions at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 4,477,919 shares of Resideo Technologies stock in a transaction dated Friday, July 25th. The shares were bought at an average cost of $22.33 per share, for a total transaction of $99,991,931.27. Following the transaction, the insider owned 10,232,420 shares in the company, valued at $228,489,938.60. This represents a 77.82% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In 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

REZI has been the topic of several analyst reports. 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 note 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 raised shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $24.00 to $35.00 in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.