Quantbot Technologies LP Trims Position in Resideo Technologies, Inc. $REZI

Key Points

• Quantbot Technologies LP has reduced its holdings in Resideo Technologies, Inc. by 32.1%, selling 7,632 shares and bringing its ownership to 16,175 shares valued at approximately $286,000.
• Major shareholder, Channel Holdings II L.P. CD&R, acquired 4,477,919 shares of Resideo, increasing their stake by 77.82% and bringing their total ownership to around 10.2 million shares valued at about $228.5 million.
• Equities analysts have issued upgrades for Resideo Technologies, with Morgan Stanley raising its target price from $24.00 to $35.00 and issuing an "overweight" rating.

Quantbot Technologies LP decreased its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 32.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,175 shares of the company's stock after selling 7,632 shares during the quarter. Quantbot Technologies LP's holdings in Resideo Technologies were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in REZI. Quarry LP purchased a new stake in shares of Resideo Technologies during the fourth quarter valued at approximately $28,000. IFP Advisors Inc lifted its position in Resideo Technologies by 20,133.3% during the first quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock valued at $43,000 after purchasing an additional 2,416 shares during the period. Versant Capital Management Inc lifted its position in Resideo Technologies by 52.1% during the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock valued at $56,000 after purchasing an additional 1,087 shares during the period. Exchange Traded Concepts LLC lifted its position in Resideo Technologies by 1,261.2% during the first quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company's stock valued at $127,000 after purchasing an additional 6,634 shares during the period. Finally, Steph & Co. lifted its position in Resideo Technologies by 6.9% during the first quarter. Steph & Co. now owns 12,209 shares of the company's stock valued at $216,000 after purchasing an additional 787 shares during the period. Hedge funds and other institutional investors own 91.71% of the company's stock.

Resideo Technologies Stock Performance

REZI traded down $0.43 during trading on Tuesday, hitting $33.62. The company's stock had a trading volume of 1,480,754 shares, compared to its average volume of 1,973,900. 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, Inc. has a one year low of $14.18 and a one year high of $34.89. The firm has a market cap of $5.00 billion, a PE ratio of -6.16 and a beta of 2.24. The business's 50 day simple moving average is $27.31 and its 200-day simple moving average is $21.71.

Resideo Technologies (NYSE:REZI - Get Free Report) last released 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm earned $0.62 earnings per share. The company's quarterly revenue was up 22.3% on a year-over-year basis. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. As a group, sell-side analysts predict that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on REZI. Morgan Stanley upgraded shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $24.00 to $35.00 in a research report on Tuesday, August 12th. JPMorgan Chase & Co. increased 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. Finally, Oppenheimer upgraded shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.00.

Insider Transactions at Resideo Technologies

In other news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 12,327 shares of Resideo Technologies stock in a transaction dated Monday, August 25th. The stock was purchased at an average cost of $33.95 per share, with a total value of $418,501.65. Following the completion of the purchase, the insider directly owned 12,862,161 shares in the company, valued at approximately $436,670,365.95. This trade represents a 0.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeannine J. Lane sold 35,398 shares of the 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 directly owned 155,136 shares of the company's stock, valued at approximately $4,857,308.16. This trade represents a 18.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 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.

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.