Resideo Technologies, Inc. $REZI Shares Sold by Amundi

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 lowered its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 9.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

A number of other institutional investors have also recently added to or reduced their stakes in REZI. IFP Advisors Inc lifted its holdings in Resideo Technologies by 20,133.3% in the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock worth $43,000 after buying an additional 2,416 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Resideo Technologies by 52.1% in the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock worth $56,000 after purchasing an additional 1,087 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Resideo Technologies in the 1st quarter worth about $65,000. Exchange Traded Concepts LLC increased its position in shares of Resideo Technologies by 1,261.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company's stock worth $127,000 after purchasing an additional 6,634 shares during the last quarter. Finally, Steph & Co. increased its position in shares of Resideo Technologies by 6.9% in the 1st quarter. Steph & Co. now owns 12,209 shares of the company's stock worth $216,000 after purchasing an additional 787 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company's stock.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 228,573 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was acquired at an average price of $33.63 per share, with a total value of $7,686,909.99. Following the transaction, the insider directly owned 13,270,734 shares in the company, valued at approximately $446,294,784.42. This represents a 1.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew C. Teich purchased 29,460 shares of the company's stock in a transaction on Friday, August 29th. The stock was purchased at an average price of $34.01 per share, for a total transaction of $1,001,934.60. Following the purchase, the director directly owned 332,472 shares of the company's stock, valued at $11,307,372.72. This trade represents a 9.72% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 7,545,693 shares of company stock valued at $194,098,517 and sold 136,021 shares valued at $4,091,809. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Oppenheimer raised shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Finally, Morgan Stanley raised shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $24.00 to $35.00 in a research report on Tuesday, August 12th. 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $36.77 on Friday. 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 fifty-two week low of $14.18 and a fifty-two week high of $37.33. The firm has a 50-day simple moving average of $29.10 and a 200 day simple moving average of $22.41. The company has a market cap of $5.47 billion, a PE ratio of -6.73 and a beta of 2.24.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 10.52% and a positive return on equity of 12.55%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The company'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. On average, sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Resideo Technologies Company 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.

Want to see what other hedge funds are holding REZI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Resideo Technologies, Inc. (NYSE:REZI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.