Vanguard Group Inc. Has $283.28 Million Position in Resideo Technologies, Inc. $REZI

Key Points

• Vanguard Group Inc. reduced its stake in Resideo Technologies by 0.8%, owning approximately 16 million shares worth $283.28 million at the end of the first quarter.
• Resideo Technologies reported earnings of $0.66 EPS for the last quarter, exceeding estimates by $0.12, with revenue growing 22.3% year-over-year.
• Insider transactions include CEO Jay L. Geldmacher selling 47,500 shares at an average price of $31.29, indicating an 8.37% decrease in his position.

Vanguard Group Inc. cut its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 0.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,004,245 shares of the company's stock after selling 133,194 shares during the period. Vanguard Group Inc. owned about 10.78% of Resideo Technologies worth $283,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. grew its position in shares of Resideo Technologies by 4.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,280 shares of the company's stock worth $352,000 after buying an additional 663 shares during the last quarter. Steph & Co. grew its holdings in shares of Resideo Technologies by 6.9% in the first quarter. Steph & Co. now owns 12,209 shares of the company's stock valued at $216,000 after purchasing an additional 787 shares during the period. Tower Research Capital LLC TRC boosted its stake in Resideo Technologies by 8.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,582 shares of the company's stock worth $267,000 after buying an additional 933 shares during the period. Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 1,087 shares during the period. Finally, Quarry LP purchased a new position in shares of Resideo Technologies in the fourth quarter valued at approximately $28,000. Institutional investors 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 111,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was bought at an average price of $31.66 per share, for a total transaction of $3,514,260.00. Following the acquisition, the insider owned 12,132,567 shares in the company, valued at approximately $384,117,071.22. The trade was a 0.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jay L. Geldmacher sold 47,500 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $31.29, for a total transaction of $1,486,275.00. Following the completion of the sale, the chief executive officer directly owned 519,689 shares of the company's stock, valued at approximately $16,261,068.81. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 6,378,066 shares of company stock valued at $155,873,011 and have sold 132,688 shares valued at $3,976,654. Company insiders own 1.50% of the company's stock.

Resideo Technologies Stock Up 0.8%

REZI traded up $0.2550 during midday trading on Thursday, reaching $32.3050. 1,091,741 shares of the company were exchanged, compared to its average volume of 1,190,259. Resideo Technologies, Inc. has a one year low of $14.18 and a one year high of $33.03. The company's fifty day moving average price is $25.00 and its 200 day moving average price is $20.96. The company has a market cap of $4.81 billion, a price-to-earnings ratio of -5.92 and a beta of 2.16. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 1.00.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its quarterly 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. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The firm's quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 EPS. 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, analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on REZI shares. Oppenheimer upgraded shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their target price on Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Finally, Morgan Stanley upgraded Resideo Technologies from an "equal weight" rating to an "overweight" rating and lifted 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $28.00.

Resideo Technologies 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.