Gamco Investors INC. ET AL Lowers Stake in Resideo Technologies, Inc. $REZI

Key Points

• Gamco Investors INC. ET AL has decreased its stake in Resideo Technologies by 8.9% in Q1, owning 433,910 shares valued at approximately $7.68 million after selling 42,274 shares during the period.
• Despite some reductions in holdings, other investors like First Trust Advisors LP and Price T Rowe Associates Inc. increased their positions in Resideo Technologies during the fourth quarter, reflecting a mixed sentiment among institutional investors.
• Resideo Technologies reported strong Q2 earnings with $1.94 billion in revenue, surpassing analyst expectations, and set FY 2025 EPS guidance between 2.750-2.870.

Gamco Investors INC. ET AL decreased its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 433,910 shares of the company's stock after selling 42,274 shares during the period. Gamco Investors INC. ET AL owned approximately 0.29% of Resideo Technologies worth $7,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of REZI. First Trust Advisors LP lifted its holdings in Resideo Technologies by 8.9% in the fourth quarter. First Trust Advisors LP now owns 175,029 shares of the company's stock valued at $4,034,000 after buying an additional 14,299 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Resideo Technologies by 8.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,582 shares of the company's stock valued at $267,000 after purchasing an additional 933 shares during the period. Stifel Financial Corp acquired a new position in shares of Resideo Technologies during the fourth quarter valued at about $226,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Resideo Technologies by 10.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 107,305 shares of the company's stock valued at $2,474,000 after purchasing an additional 10,335 shares during the period. Finally, Quarry LP acquired a new position in shares of Resideo Technologies during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Resideo Technologies Stock Performance

Shares of REZI stock traded down $0.18 during trading hours on Monday, hitting $34.09. 1,625,870 shares of the company were exchanged, compared to its average volume of 2,059,025. The firm has a fifty day simple moving average of $26.84 and a 200 day simple moving average of $21.54. 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, Inc. has a 52-week low of $14.18 and a 52-week high of $34.89. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of -6.24 and a beta of 2.24.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share (EPS) 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 company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the business posted $0.62 EPS. Resideo Technologies's quarterly revenue 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. Research analysts predict that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Insider Transactions at Resideo Technologies

In other news, EVP Jeannine J. Lane sold 35,398 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 owned 155,136 shares in the company, valued at $4,857,308.16. This trade represents a 18.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Channel Holdings Ii L.P. Cd&R acquired 12,327 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was acquired at an average cost of $33.95 per share, with a total value of $418,501.65. Following the completion of the acquisition, the insider owned 12,862,161 shares in the company, valued at $436,670,365.95. This trade represents a 0.10% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 7,107,660 shares of company stock worth $179,370,672 and sold 136,021 shares worth $4,091,809. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.