Maven Securities LTD Invests $442,000 in Resideo Technologies, Inc. $REZI

Key Points

• Maven Securities LTD made a new investment of approximately $442,000 in Resideo Technologies, acquiring 25,000 shares during the first quarter.
• Resideo Technologies reported Q2 earnings per share (EPS) of $0.66, surpassing analyst expectations, with revenues reaching $1.94 billion, up 22.3% compared to last year.
• Insiders at Resideo Technologies sold significant amounts of stock, with one EVP selling 35,398 shares for over $1.1 million, indicating potential insider selling trends.

Maven Securities LTD bought a new position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 25,000 shares of the company's stock, valued at approximately $442,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REZI. Fuller & Thaler Asset Management Inc. grew its holdings in Resideo Technologies by 9.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 8,196,828 shares of the company's stock valued at $145,084,000 after buying an additional 683,714 shares in the last quarter. Northern Trust Corp grew its holdings 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 buying an additional 94,345 shares in the last quarter. Versor Investments LP grew its holdings in Resideo Technologies by 131.3% during the 1st quarter. Versor Investments LP now owns 51,800 shares of the company's stock valued at $917,000 after buying an additional 29,400 shares in the last quarter. American Century Companies Inc. grew its holdings in Resideo Technologies by 503.1% during the 1st quarter. American Century Companies Inc. now owns 130,689 shares of the company's stock valued at $2,313,000 after buying an additional 109,021 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in Resideo Technologies by 28.4% during the 1st quarter. Brandywine Global Investment Management LLC now owns 538,852 shares of the company's stock valued at $9,538,000 after buying an additional 119,142 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R bought 250,000 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was acquired at an average cost of $32.16 per share, for a total transaction of $8,040,000.00. Following the completion of the transaction, the insider owned 12,815,208 shares in the company, valued at $412,137,089.28. This trade represents a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jay L. Geldmacher sold 47,500 shares of Resideo Technologies stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $31.29, for a total value of $1,486,275.00. Following the sale, the chief executive officer owned 519,689 shares of the company's stock, valued at approximately $16,261,068.81. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Oppenheimer upgraded Resideo Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, July 30th. Morgan Stanley upgraded Resideo Technologies from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $24.00 to $35.00 in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. increased their target price on Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. 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 stock has an average rating of "Moderate Buy" and an average price target of $28.00.

Resideo Technologies Trading Up 0.4%

REZI traded up $0.12 during trading on Monday, reaching $34.12. The company had a trading volume of 609,637 shares, compared to its average volume of 1,201,132. The stock has a market cap of $5.08 billion, a P/E ratio of -6.25 and a beta of 2.16. The business has a 50 day simple moving average of $25.49 and a 200-day simple moving average of $21.10. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $34.25. 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 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 company had revenue of $1.94 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last 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. On average, equities analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

About Resideo Technologies

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.