Resideo Technologies (NYSE:REZI) Reaches New 12-Month High - Should You Buy?

Key Points

• Resideo Technologies (NYSE:REZI) shares reached a new 52-week high of $34.84, with a strong trading volume of over 1.4 million shares.
• Analysts have recently upgraded Resideo's ratings, with Morgan Stanley raising its price target from $24.00 to $35.00, reflecting broader positive sentiment about the stock.
• The company reported a 22.3% increase in revenue year-over-year, reaching $1.94 billion, and beat earnings estimates with an EPS of $0.66.

Resideo Technologies, Inc. (NYSE:REZI - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $34.84 and last traded at $34.68, with a volume of 1430406 shares. The stock had previously closed at $34.56.

Wall Street Analyst Weigh In

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

Resideo Technologies Stock Up 0.3%

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's fifty day moving average price is $26.31 and its 200-day moving average price is $21.37. The company has a market cap of $5.16 billion, a price-to-earnings ratio of -6.35 and a beta of 2.16.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the business posted $0.62 EPS. The firm's 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. Sell-side analysts predict that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 4,477,919 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average cost of $22.33 per share, for a total transaction of $99,991,931.27. Following the transaction, the insider owned 10,232,420 shares of the company's stock, valued at $228,489,938.60. This trade represents a 77.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders bought 7,107,660 shares of company stock worth $179,370,672 and sold 132,688 shares worth $3,976,654. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of Resideo Technologies by 2.6% during the first quarter. Principal Financial Group Inc. now owns 794,943 shares of the company's stock worth $14,070,000 after acquiring an additional 20,301 shares in the last quarter. GAMMA Investing LLC boosted its stake in Resideo Technologies by 1,296.4% in the 1st quarter. GAMMA Investing LLC now owns 54,711 shares of the company's stock worth $968,000 after purchasing an additional 50,793 shares during the period. Natixis Advisors LLC boosted its stake in Resideo Technologies by 2.6% in the 1st quarter. Natixis Advisors LLC now owns 227,759 shares of the company's stock worth $4,031,000 after purchasing an additional 5,674 shares during the period. Exchange Traded Concepts LLC increased its holdings in Resideo Technologies by 1,261.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company's stock worth $127,000 after purchasing an additional 6,634 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Resideo Technologies in the 1st quarter valued at about $733,000. Institutional investors own 91.71% of the company's stock.

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.

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