Resideo Technologies (NYSE:REZI) Reaches New 52-Week High - Time to Buy?

Key Points

• Resideo Technologies' stock reached a new 52-week high of $44.85, driven by increased trading volume and a recent upgrade from Zacks Research to a "strong-buy" rating.
• Analysts have set a consensus price target of $34.67 for Resideo Technologies, with varied ratings from "strong buy" to "sell" reflecting a mix of investor sentiment.
• Institutional investors now own 91.71% of the company's stock, with significant increases in positions from several firms in recent quarters, indicating strong institutional interest.

Resideo Technologies, Inc. (NYSE:REZI - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $44.68 and last traded at $44.85, with a volume of 63910 shares trading hands. The stock had previously closed at $43.47.

Analysts Set New Price Targets

Several research firms recently weighed in on REZI. Zacks Research raised Resideo Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, September 22nd. Weiss Ratings reissued a "sell (d+)" rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Morgan Stanley raised Resideo Technologies from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $24.00 to $35.00 in a report on Tuesday, August 12th. Finally, Oppenheimer lifted their price target on Resideo Technologies from $35.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Resideo Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $34.67.

Resideo Technologies Price Performance

The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 1.00. The company has a market cap of $6.65 billion, a price-to-earnings ratio of -8.20 and a beta of 2.23. The business has a fifty day moving average price of $38.55 and a 200 day moving average price of $27.29.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its quarterly 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. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.Resideo Technologies's revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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, research analysts anticipate that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Insider Transactions at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 457,508 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average price of $27.34 per share, for a total transaction of $12,508,268.72. Following the acquisition, the insider directly owned 11,138,815 shares in the company, valued at $304,535,202.10. This represents a 4.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have purchased 3,067,774 shares of company stock valued at $94,106,585 and have sold 133,231 shares valued at $4,025,742. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Resideo Technologies

A number of institutional investors have recently made changes to their positions in REZI. ORG Partners LLC grew its position in shares of Resideo Technologies by 588.2% in the 3rd quarter. ORG Partners LLC now owns 585 shares of the company's stock valued at $25,000 after buying an additional 500 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Resideo Technologies in the 2nd quarter valued at about $34,000. IFP Advisors Inc grew its position in shares of 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 buying an additional 2,416 shares during the last quarter. Salomon & Ludwin LLC boosted its position in shares of Resideo Technologies by 3,591.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,255 shares of the company's stock valued at $54,000 after purchasing an additional 1,221 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Resideo Technologies during the 1st quarter valued at about $65,000. 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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