Maven Securities LTD Takes Position 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 stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the company's stock, valued at approximately $442,000.

A number of other hedge funds have also recently modified their holdings of REZI. LPL Financial LLC grew its stake in shares of Resideo Technologies by 26.5% during the fourth quarter. LPL Financial LLC now owns 35,851 shares of the company's stock valued at $826,000 after buying an additional 7,514 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Resideo Technologies by 26.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 104,813 shares of the company's stock valued at $2,416,000 after purchasing an additional 22,214 shares during the period. Bank of Montreal Can boosted its holdings in shares of Resideo Technologies by 11.6% in the fourth quarter. Bank of Montreal Can now owns 17,205 shares of the company's stock valued at $397,000 after purchasing an additional 1,788 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Resideo Technologies in the fourth quarter valued at approximately $5,914,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Resideo Technologies by 705.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after purchasing an additional 4,165 shares during the period. Institutional investors own 91.71% of the company's stock.

Resideo Technologies Stock Up 5.9%

Resideo Technologies stock traded up $1.8860 during mid-day trading on Friday, reaching $33.9960. 2,109,973 shares of the company were exchanged, compared to its average volume of 2,163,590. The business has a fifty day moving average of $25.49 and a 200 day moving average of $21.10. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 1.00. The firm has a market cap of $5.06 billion, a P/E ratio of -6.23 and a beta of 2.16. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $34.25.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share 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 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% on a year-over-year basis. During the same quarter in the prior year, the business 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 anticipate that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on REZI shares. Morgan Stanley upgraded Resideo Technologies from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $24.00 to $35.00 in a report on Tuesday, August 12th. Oppenheimer upgraded Resideo Technologies from a "market perform" rating to an "outperform" rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Insiders Place Their Bets

In other Resideo Technologies news, EVP Jeannine J. Lane sold 35,398 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $31.31, for a total transaction of $1,108,311.38. Following the completion of the sale, the executive vice president owned 155,136 shares in the company, valued at $4,857,308.16. This represents a 18.58% decrease in their ownership of the stock. The transaction 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 the company's 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 represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, 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 company insiders.

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.