Intech Investment Management LLC Has $2.78 Million Position in Resideo Technologies, Inc. $REZI

Key Points

• Intech Investment Management LLC has increased its stake in Resideo Technologies, Inc. by 26.3%, acquiring an additional 32,672 shares in the first quarter, bringing its total holdings to 156,847 shares valued at approximately $2.8 million.
• Recent earnings reports show that Resideo Technologies reported a quarterly EPS of $0.66, exceeding the consensus estimate of $0.54, with revenues of $1.94 billion, up 22.3% year over year.
• Research analysts have upgraded Resideo Technologies' stock ratings, with Oppenheimer moving from "market perform" to "outperform" and Morgan Stanley raising the price target from $24 to $35.

Intech Investment Management LLC raised its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 26.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,847 shares of the company's stock after purchasing an additional 32,672 shares during the quarter. Intech Investment Management LLC owned about 0.11% of Resideo Technologies worth $2,776,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. IFP Advisors Inc increased its stake in Resideo Technologies by 20,133.3% during the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock valued at $43,000 after purchasing an additional 2,416 shares in the last quarter. Versant Capital Management Inc boosted its holdings 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 valued at $56,000 after acquiring an additional 1,087 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Resideo Technologies in the 1st quarter valued at $65,000. Exchange Traded Concepts LLC boosted its holdings in shares of Resideo Technologies by 1,261.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company's stock valued at $127,000 after acquiring an additional 6,634 shares during the last quarter. Finally, Steph & Co. boosted its holdings in Resideo Technologies by 6.9% during the first quarter. Steph & Co. now owns 12,209 shares of the company's stock worth $216,000 after buying an additional 787 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company's stock.

Resideo Technologies Price Performance

NYSE:REZI traded up $0.54 during mid-day trading on Friday, reaching $41.93. 793,730 shares of the stock were exchanged, compared to its average volume of 1,278,470. The business has a fifty day moving average price of $30.66 and a 200 day moving average price of $23.12. The firm has a market capitalization of $6.24 billion, a PE ratio of -7.68 and a beta of 2.24. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $42.99. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93.

Resideo Technologies (NYSE:REZI - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 positive return on equity of 12.55% and a negative net margin of 10.52%.Resideo Technologies's revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $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 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 shares were purchased at an average price of $22.33 per share, with a total value of $99,991,931.27. Following the purchase, the insider owned 10,232,420 shares of the company's stock, valued at $228,489,938.60. This trade represents a 77.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders bought 7,545,693 shares of company stock valued at $194,098,517 and sold 136,021 shares valued at $4,091,809. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

REZI has been the topic of several recent analyst reports. Morgan Stanley raised shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $24.00 to $35.00 in a report on Tuesday, August 12th. JPMorgan Chase & Co. lifted 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. Finally, Oppenheimer upped their price target on shares of Resideo Technologies from $35.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

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.