Resideo Technologies, Inc. $REZI Shares Acquired by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Resideo Technologies by 4.5%, holding approximately 665,460 shares valued at $11.78 million, and institutional investors now own 91.71% of the company's stock.
• Major shareholder Channel Holdings Ii L.P. Cd&R acquired 4.48 million shares at an average price of $22.33, resulting in a 77.82% increase in their position, bringing their total holdings to over $228 million.
• Resideo reported $1.94 billion in quarterly revenue, beating expectations, and upgraded its FY 2025 EPS guidance to between 2.750 and 2.870, with analysts predicting a 2.13 EPS for the current year.

Hotchkis & Wiley Capital Management LLC boosted its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 665,460 shares of the company's stock after purchasing an additional 28,950 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.45% of Resideo Technologies worth $11,779,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new stake in shares of Resideo Technologies during the first quarter worth $514,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Resideo Technologies during the 1st quarter valued at about $65,000. Hsbc Holdings PLC grew its position in shares of Resideo Technologies by 2.5% during the 1st 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. Maven Securities LTD acquired a new stake in Resideo Technologies during the first quarter worth about $442,000. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Resideo Technologies by 9.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 8,196,828 shares of the company's stock worth $145,084,000 after acquiring an additional 683,714 shares during the last quarter. Institutional investors own 91.71% of the company's stock.

Insider Transactions at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 4,477,919 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $22.33 per share, with a total value of $99,991,931.27. Following the completion of the purchase, the insider owned 10,232,420 shares in the company, valued at $228,489,938.60. This trade represents a 77.82% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders acquired 7,060,707 shares of company stock worth $177,795,316 and sold 132,688 shares worth $3,976,654. Company insiders own 1.50% of the company's stock.

Resideo Technologies Price Performance

NYSE REZI opened at $33.9960 on Friday. The company has a 50-day moving average price of $25.49 and a two-hundred day moving average price of $21.10. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $34.25. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of -6.23 and a beta of 2.16. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93.

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, beating analysts' consensus estimates of $0.54 by $0.12. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The business's revenue for the quarter 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. Analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley upgraded Resideo Technologies from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $24.00 to $35.00 in a research note on Tuesday, August 12th. Oppenheimer raised 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 objective on 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, Resideo Technologies presently has an average rating of "Moderate Buy" and an average target price 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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