Petrus Trust Company LTA Buys New Position in Resideo Technologies, Inc. $REZI

Key Points

• Petrus Trust Company LTA has acquired a new stake in Resideo Technologies, Inc. by purchasing 13,575 shares valued at approximately $240,000.
• Resideo Technologies' stock has seen a 1.8% decline recently, closing at $35.69, with its market capitalization currently at $5.31 billion.
• Institutional investors hold 91.71% of Resideo's stock, indicating significant institutional interest and investment in the company.

Petrus Trust Company LTA bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,575 shares of the company's stock, valued at approximately $240,000.

Several other hedge funds also recently added to or reduced their stakes in REZI. Nuveen LLC acquired a new position in Resideo Technologies during the 1st quarter valued at about $34,239,000. Fuller & Thaler Asset Management Inc. increased its position 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. Nuveen Asset Management LLC raised its holdings in shares of Resideo Technologies by 32.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company's stock worth $53,496,000 after buying an additional 567,800 shares during the last quarter. Ariel Investments LLC raised its holdings in shares of Resideo Technologies by 5.1% in the first quarter. Ariel Investments LLC now owns 9,664,671 shares of the company's stock worth $171,065,000 after buying an additional 465,571 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Resideo Technologies by 1,123.6% in the first quarter. Millennium Management LLC now owns 263,821 shares of the company's stock worth $4,670,000 after buying an additional 242,260 shares during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Stock Down 1.8%

Shares of REZI stock opened at $35.69 on Wednesday. The stock's 50-day simple moving average is $28.60 and its 200-day simple moving average is $22.20. 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 capitalization of $5.31 billion, a PE ratio of -6.54 and a beta of 2.24. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $36.39.

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 expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Insider Activity at Resideo Technologies

In other news, Director Andrew C. Teich purchased 29,460 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were bought at an average price of $34.01 per share, for a total transaction of $1,001,934.60. Following the completion of the transaction, the director owned 332,472 shares in the company, valued at $11,307,372.72. This represents a 9.72% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nina Richardson sold 3,333 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $34.55, for a total transaction of $115,155.15. Following the sale, the director owned 60,675 shares in the company, valued at approximately $2,096,321.25. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 7,545,693 shares of company stock worth $194,098,517 and have sold 136,021 shares worth $4,091,809. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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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