Vanguard Group Inc. Has $283.28 Million Stock 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. decreased its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,004,245 shares of the company's stock after selling 133,194 shares during the quarter. Vanguard Group Inc. owned approximately 10.78% of Resideo Technologies worth $283,275,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of REZI. Quarry LP bought a new position in Resideo Technologies in the 4th quarter valued at $28,000. IFP Advisors Inc raised its position in Resideo Technologies by 20,133.3% in the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock valued at $43,000 after purchasing an additional 2,416 shares during the last quarter. Versant Capital Management Inc raised its position in 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 purchasing an additional 1,087 shares during the last quarter. Sterling Capital Management LLC raised its position in Resideo Technologies by 705.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after purchasing an additional 4,165 shares during the last quarter. Finally, Natixis bought a new position in Resideo Technologies in the 4th quarter valued at $115,000. Institutional investors own 91.71% of the company's stock.

Resideo Technologies Trading Up 5.9%

REZI traded up $1.8860 during trading on Friday, reaching $33.9960. 2,109,973 shares of the company's stock were exchanged, compared to its average volume of 2,163,590. The company's fifty day moving average price is $25.49 and its 200-day moving average price is $21.11. 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, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $34.25. The firm has a market capitalization of $5.06 billion, a PE ratio of -6.23 and a beta of 2.16.

Resideo Technologies (NYSE:REZI - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, topping 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 firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the business earned $0.62 EPS. The business'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. As a group, equities analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Insiders Place Their Bets

In other Resideo Technologies news, EVP Jeannine J. Lane sold 35,398 shares of Resideo Technologies stock in a transaction 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 of the company's stock, valued at approximately $4,857,308.16. The trade was a 18.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jay L. Geldmacher sold 47,500 shares of Resideo Technologies stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $31.29, for a total transaction of $1,486,275.00. Following the sale, the chief executive officer directly owned 519,689 shares of the company's stock, valued at $16,261,068.81. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 7,060,707 shares of company stock valued at $177,795,316 and sold 132,688 shares valued at $3,976,654. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on REZI. Morgan Stanley upgraded Resideo Technologies from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $24.00 to $35.00 in a research report on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price objective 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, Oppenheimer upgraded shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Resideo Technologies presently 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.