Pembroke Management LTD Increases Stock Position in Resideo Technologies, Inc. $REZI

Key Points

• Pembroke Management LTD increased its stake in Resideo Technologies by 12.7%, acquiring an additional 84,944 shares in the first quarter, bringing its total holdings to 752,365 shares.
• Multiple institutional investors have recently adjusted their stakes in Resideo, with Versant Capital Management Inc notably increasing its stake by 52.1% in the first quarter.
• Resideo Technologies reported $1.94 billion in revenue for the last quarter, exceeding analyst estimates by $110 million, and set FY 2025 EPS guidance between 2.750-2.870.

Pembroke Management LTD increased its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 12.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 752,365 shares of the company's stock after purchasing an additional 84,944 shares during the period. Resideo Technologies makes up 2.0% of Pembroke Management LTD's portfolio, making the stock its 23rd largest holding. Pembroke Management LTD owned about 0.51% of Resideo Technologies worth $13,317,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Resideo Technologies by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 794,943 shares of the company's stock worth $14,070,000 after purchasing an additional 20,301 shares during the period. GAMMA Investing LLC boosted its stake in shares of Resideo Technologies by 1,296.4% during the 1st quarter. GAMMA Investing LLC now owns 54,711 shares of the company's stock worth $968,000 after purchasing an additional 50,793 shares during the period. Natixis Advisors LLC boosted its stake in shares of Resideo Technologies by 2.6% during the 1st quarter. Natixis Advisors LLC now owns 227,759 shares of the company's stock worth $4,031,000 after purchasing an additional 5,674 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Resideo Technologies by 1,261.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company's stock worth $127,000 after purchasing an additional 6,634 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Resideo Technologies during the 1st quarter worth about $733,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Resideo Technologies

In other news, EVP Jeannine J. Lane sold 35,398 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $31.31, for a total value of $1,108,311.38. Following the completion of the sale, the executive vice president owned 155,136 shares of the company's stock, valued at approximately $4,857,308.16. This represents a 18.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nina Richardson sold 3,333 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $34.55, for a total transaction of $115,155.15. Following the completion of the sale, the director directly owned 60,675 shares of the company's stock, valued at $2,096,321.25. The trade was a 5.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 7,107,660 shares of company stock valued at $179,370,672 and sold 136,021 shares valued at $4,091,809. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on REZI shares. Morgan Stanley raised shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $24.00 to $35.00 in a research note on Tuesday, August 12th. Oppenheimer raised shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $28.00.

Resideo Technologies Trading Down 0.3%

Resideo Technologies stock traded down $0.11 during trading hours on Wednesday, hitting $33.49. The company had a trading volume of 578,169 shares, compared to its average volume of 1,219,375. The firm has a market cap of $4.98 billion, a P/E ratio of -6.13 and a beta of 2.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 1.00. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $34.89. The company has a 50-day moving average price of $27.31 and a two-hundred day moving average price of $21.71.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.12. Resideo Technologies had a negative net margin of 10.52% and a positive return on equity of 12.55%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter in the prior year, the company earned $0.62 EPS. The company's revenue was up 22.3% compared to the same quarter last year. 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, sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

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.