Pembroke Management LTD Buys 84,944 Shares of 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 boosted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 12.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 752,365 shares of the company's stock after purchasing an additional 84,944 shares during the quarter. Resideo Technologies comprises 2.0% of Pembroke Management LTD's holdings, making the stock its 23rd largest holding. Pembroke Management LTD owned 0.51% of Resideo Technologies worth $13,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in REZI. Hsbc Holdings PLC raised its stake in Resideo Technologies by 2.5% in the first quarter. Hsbc Holdings PLC now owns 23,372 shares of the company's stock valued at $412,000 after buying an additional 578 shares during the last quarter. Steph & Co. raised its stake in Resideo Technologies by 6.9% in the first quarter. Steph & Co. now owns 12,209 shares of the company's stock valued at $216,000 after buying an additional 787 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Resideo Technologies by 8.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,582 shares of the company's stock valued at $267,000 after buying an additional 933 shares during the last quarter. Versant Capital Management Inc raised its stake in Resideo Technologies by 52.1% in the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock valued at $56,000 after buying an additional 1,087 shares during the last quarter. Finally, Quarry LP purchased a new stake in Resideo Technologies in the fourth quarter valued at about $28,000. Institutional investors own 91.71% of the company's stock.

Analyst Upgrades and Downgrades

REZI has been the subject of a number of research analyst reports. Oppenheimer upgraded Resideo Technologies from a "market perform" rating to an "outperform" rating in a research note on Wednesday, July 30th. Morgan Stanley upgraded Resideo Technologies from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $24.00 to $35.00 in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. raised their price objective on Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Resideo Technologies has an average rating of "Moderate Buy" and a consensus price target of $28.00.

Insider Buying and Selling

In related news, EVP Jeannine J. Lane sold 35,398 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 155,136 shares of the company's stock, valued at $4,857,308.16. This trade represents a 18.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nina Richardson sold 3,333 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $34.55, for a total value of $115,155.15. Following the sale, the director directly owned 60,675 shares in the company, valued at approximately $2,096,321.25. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 7,107,660 shares of company stock valued at $179,370,672 and have sold 136,021 shares valued at $4,091,809. 1.50% of the stock is owned by corporate insiders.

Resideo Technologies Trading Down 1.3%

Shares of NYSE:REZI opened at $34.24 on Friday. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $34.89. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of -6.27 and a beta of 2.16. The company has a quick ratio of 0.63, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $26.57 and a 200-day moving average price of $21.46.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, topping the consensus estimate 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 for the quarter was up 22.3% compared to the same quarter last year. 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. Equities analysts predict that Resideo Technologies, Inc. will post 2.13 EPS 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.

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