Amundi Has $2.14 Million Holdings in Resideo Technologies, Inc. $REZI

Key Points

• Amundi has reduced its stake in Resideo Technologies, Inc. by 9.7%, selling 13,936 shares to own 130,401 shares worth approximately $2.14 million.
• Major shareholder Channel Holdings Ii L.P. recently acquired 228,573 shares at an average price of $33.63, increasing its ownership by 1.75%.
• Resideo reported a 22.3% increase in revenue year-over-year for its latest quarter, reaching $1.94 billion, and beat analysts' earnings estimates with $0.66 EPS.

Amundi reduced its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 9.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,401 shares of the company's stock after selling 13,936 shares during the quarter. Amundi owned 0.09% of Resideo Technologies worth $2,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of REZI. IFP Advisors Inc raised its holdings in shares of Resideo Technologies by 20,133.3% in the 1st 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 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 period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Resideo Technologies in the 1st quarter valued at $65,000. Exchange Traded Concepts LLC raised its stake in Resideo Technologies by 1,261.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company's stock valued at $127,000 after acquiring an additional 6,634 shares during the period. Finally, Steph & Co. raised its stake in Resideo Technologies by 6.9% in the 1st quarter. Steph & Co. now owns 12,209 shares of the company's stock valued at $216,000 after acquiring an additional 787 shares during the period. 91.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. 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. Oppenheimer raised shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley raised shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $24.00 to $35.00 in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Insider Transactions at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 4,477,919 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average cost of $22.33 per share, for a total transaction of $99,991,931.27. Following the transaction, the insider directly owned 10,232,420 shares in the company, valued at $228,489,938.60. This trade represents a 77.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have purchased 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 currently owned by corporate insiders.

Resideo Technologies Price Performance

REZI traded up $0.05 during trading on Wednesday, hitting $39.65. 2,391,877 shares of the stock traded hands, compared to its average volume of 1,853,281. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $40.42. The company has a market cap of $5.90 billion, a price-to-earnings ratio of -7.26 and a beta of 2.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.63. The business has a 50 day moving average price of $30.32 and a 200 day moving average price of $22.96.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. Resideo Technologies's 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. Equities research analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

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.