Rhumbline Advisers Sells 20,835 Shares of Resideo Technologies, Inc. $REZI

Key Points

• Rhumbline Advisers has reduced its ownership in Resideo Technologies by 4.5%, selling 20,835 shares and now holding 445,750 shares valued at approximately $7.89 million.
• Resideo Technologies reported a 22.3% year-over-year increase in revenue, achieving $1.94 billion for the quarter and earnings per share of $0.66, surpassing analyst estimates.
• Several institutional investors, including Deutsche Bank AG and Lazard Asset Management LLC, have significantly increased their stakes in Resideo Technologies in the fourth quarter, indicating strong institutional interest in the stock.

Rhumbline Advisers lessened its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 445,750 shares of the company's stock after selling 20,835 shares during the quarter. Rhumbline Advisers owned 0.30% of Resideo Technologies worth $7,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in REZI. Stifel Financial Corp bought a new position in Resideo Technologies in the fourth quarter valued at $226,000. Cetera Investment Advisers bought a new position in Resideo Technologies in the fourth quarter valued at $867,000. Deutsche Bank AG increased its stake in Resideo Technologies by 52.6% in the fourth quarter. Deutsche Bank AG now owns 135,777 shares of the company's stock valued at $3,130,000 after acquiring an additional 46,796 shares during the last quarter. Lazard Asset Management LLC increased its stake in Resideo Technologies by 43.2% in the fourth quarter. Lazard Asset Management LLC now owns 86,868 shares of the company's stock valued at $2,002,000 after acquiring an additional 26,205 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Resideo Technologies during the fourth quarter valued at about $330,000. Institutional investors own 91.71% of the company's stock.

Resideo Technologies Stock Performance

Resideo Technologies stock opened at $36.77 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average of $29.10 and a 200-day moving average of $22.41. The firm has a market cap of $5.47 billion, a P/E ratio of -6.73 and a beta of 2.24. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $37.33.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.12. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.83 billion. Resideo Technologies had a negative net margin of 10.52% and a positive return on equity of 12.55%. Resideo Technologies's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. Sell-side analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Insider Transactions at Resideo Technologies

In other news, Director Nina Richardson sold 3,333 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $34.55, for a total transaction of $115,155.15. Following the completion of the sale, the director directly owned 60,675 shares in the company, valued at approximately $2,096,321.25. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrew C. Teich acquired 29,460 shares of the stock in a transaction on Friday, August 29th. The stock was bought at an average price of $34.01 per share, with a total value of $1,001,934.60. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 7,545,693 shares of company stock worth $194,098,517 and sold 136,021 shares worth $4,091,809. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

REZI has been the subject of several analyst reports. Morgan Stanley upgraded shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $24.00 to $35.00 in a research report on Tuesday, August 12th. JPMorgan Chase & Co. upped their price target 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

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.

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