Resideo Technologies (NYSE:REZI) Reaches New 12-Month Low - Time to Sell?

Key Points

• Resideo Technologies shares hit a new 52-week low, falling to $25.46 during Friday trading, well below their 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans cautious: the consensus rating is “Hold” with a $41 price target, while recent ratings range from “strong sell” and “sell” to “buy” and “overweight.”
• The company beat quarterly earnings and revenue expectations, reporting $0.65 EPS and $1.91 billion in revenue, up 8% year over year; institutional investors own approximately 91.7% of the stock.

Resideo Technologies, Inc. (NYSE:REZI - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $25.46 and last traded at $25.7850, with a volume of 72471 shares traded. The stock had previously closed at $26.07.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of Resideo Technologies from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 9th. Weiss Ratings restated a "sell (d+)" rating on shares of Resideo Technologies in a research note on Friday, July 17th. Seaport Research Partners began coverage on Resideo Technologies in a report on Wednesday, July 1st. They issued a "buy" rating and a $55.00 price target for the company. Morgan Stanley reduced their price objective on Resideo Technologies from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. began coverage on Resideo Technologies in a report on Friday. They set a "neutral" rating and a $30.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $41.00.

Resideo Technologies Stock Performance

The firm has a market cap of $3.89 billion, a P/E ratio of -6.70 and a beta of 1.63. The stock's 50 day moving average is $32.25 and its two-hundred day moving average is $34.46. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.04. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The business had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the prior year, the firm posted $0.63 EPS. Resideo Technologies's quarterly revenue was up 8.0% compared to the same quarter last year. Resideo Technologies has set its FY 2026 guidance at 3.000-3.200 EPS and its Q2 2026 guidance at 0.710-0.750 EPS. As a group, equities analysts predict that Resideo Technologies, Inc. will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Resideo Technologies

A number of hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Resideo Technologies during the 2nd quarter valued at about $236,000. 1ST Source Bank bought a new stake in Resideo Technologies during the second quarter worth about $268,000. Bank of New York Mellon Corp bought a new stake in Resideo Technologies during the second quarter worth about $28,117,000. State of Wyoming acquired a new stake in shares of Resideo Technologies during the second quarter worth approximately $91,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Resideo Technologies during the second quarter worth approximately $376,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Resideo Technologies Company Profile

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.

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