Hsbc Holdings PLC Increases Stock Position in Resideo Technologies, Inc. $REZI

Key Points

• HSBC Holdings increased its Resideo Technologies stake by 659% in the first quarter, owning 50,832 shares valued at approximately $1.71 million. Institutional investors collectively hold 91.71% of REZI’s outstanding stock.
• Analyst sentiment is mixed: Seaport Research Partners initiated coverage with a Buy rating and a $55 target, while Morgan Stanley lowered its target to $45 and Weiss Ratings and Zacks Research issued bearish assessments. The consensus rating is Hold, with a $46.50 target price.
• Resideo reported quarterly EPS of $0.65, exceeding estimates by $0.04, while revenue rose 8% year over year to $1.91 billion. The stock opened at $34.57, well below its 52-week high of $45.29.

Hsbc Holdings PLC boosted its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 659.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,832 shares of the company's stock after purchasing an additional 44,135 shares during the period. Hsbc Holdings PLC's holdings in Resideo Technologies were worth $1,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in shares of Resideo Technologies during the fourth quarter valued at about $25,000. Danske Bank A S lifted its stake in shares of Resideo Technologies by 600.0% in the fourth quarter. Danske Bank A S now owns 700 shares of the company's stock worth $25,000 after acquiring an additional 600 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Resideo Technologies by 283.8% in the third quarter. Larson Financial Group LLC now owns 568 shares of the company's stock worth $25,000 after acquiring an additional 420 shares in the last quarter. McMillan Office Inc. purchased a new position in Resideo Technologies in the fourth quarter valued at about $33,000. Finally, Kestra Advisory Services LLC purchased a new position in Resideo Technologies in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 91.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on REZI shares. Weiss Ratings restated a "sell (d+)" rating on shares of Resideo Technologies in a research note on Friday, July 17th. Seaport Research Partners started coverage on Resideo Technologies in a research note on Wednesday, July 1st. They issued a "buy" rating and a $55.00 price target for the company. Morgan Stanley lowered their price objective on Resideo Technologies from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, July 13th. Finally, Zacks Research cut Resideo Technologies from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Resideo Technologies presently has a consensus rating of "Hold" and a consensus target price of $46.50.

Resideo Technologies Stock Up 0.1%

Resideo Technologies stock opened at $34.57 on Monday. The company has a 50-day simple moving average of $31.68 and a 200-day simple moving average of $34.76. Resideo Technologies, Inc. has a one year low of $24.15 and a one year high of $45.29. The firm has a market capitalization of $5.24 billion, a P/E ratio of -9.00 and a beta of 1.64. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. The firm had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The firm's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. Resideo Technologies has set its FY 2026 guidance at 3.000-3.200 EPS and its Q2 2026 guidance at 0.710-0.750 EPS. As a group, equities analysts expect that Resideo Technologies, Inc. will post 2.81 earnings per share for the current year.

Resideo Technologies Profile

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.

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