Russell Investments Group Ltd. Has $1.20 Million Position in Resideo Technologies, Inc. $REZI

Key Points

• Russell Investments Group Ltd. increased its stake in Resideo Technologies, acquiring an additional 16,798 shares for a total holding of 67,625 shares valued at approximately $1.197 million.
• Resideo Technologies' stock opened at $34.24, with a market cap of $5.09 billion and a reported 22.3% revenue increase in the latest quarter compared to the previous year.
• Analysts have recently upgraded Resideo's stock rating, with Morgan Stanley raising it from "equal weight" to "overweight" and increasing the price target from $24.00 to $35.00.

Russell Investments Group Ltd. boosted its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 33.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,625 shares of the company's stock after acquiring an additional 16,798 shares during the period. Russell Investments Group Ltd.'s holdings in Resideo Technologies were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Steph & Co. grew its stake 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. Tower Research Capital LLC TRC grew its holdings in Resideo Technologies by 8.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,582 shares of the company's stock worth $267,000 after acquiring an additional 933 shares during the last quarter. Versant Capital Management Inc raised 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 valued at $56,000 after acquiring an additional 1,087 shares during the period. Quarry LP bought a new stake in Resideo Technologies during the 4th quarter worth approximately $28,000. Finally, Nilsine Partners LLC grew its stake in shares of Resideo Technologies by 8.0% in the first quarter. Nilsine Partners LLC now owns 16,858 shares of the company's stock valued at $298,000 after buying an additional 1,251 shares in the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 4,477,919 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average cost of $22.33 per share, with a total value of $99,991,931.27. Following the completion of the purchase, the insider directly owned 10,232,420 shares in the company, valued at approximately $228,489,938.60. This represents a 77.82% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have purchased 7,107,660 shares of company stock worth $179,370,672 and have sold 136,021 shares worth $4,091,809. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on REZI. JPMorgan Chase & Co. boosted their price target on Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Morgan Stanley upgraded Resideo Technologies from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $24.00 to $35.00 in a research report on Tuesday, August 12th. Finally, Oppenheimer upgraded 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 given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $28.00.

Resideo Technologies Stock Performance

NYSE REZI traded down $0.34 during trading hours on Tuesday, hitting $33.71. 458,368 shares of the stock were exchanged, compared to its average volume of 1,217,228. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $34.89. The stock has a 50-day moving average of $27.08 and a 200 day moving average of $21.63. The company has a market cap of $5.02 billion, a price-to-earnings ratio of -6.17 and a beta of 2.24. 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 (NYSE:REZI - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share 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 the consensus estimate of $1.83 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. The company'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. As a group, equities research analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share 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.