Resideo Technologies (NYSE:REZI) Trading Down 6.5% - Should You Sell?

Key Points

• Resideo Technologies shares fell 6.5% to about $24.38 in mid-day trading, with volume 68% below the average daily level.
• Analyst views are mixed: ratings range from buy to strong sell, resulting in a consensus “Hold” rating and an average price target of $41.00.
• The company recently exceeded quarterly earnings and revenue expectations, with revenue up 8% year over year; institutional investors own approximately 91.7% of its stock.

Resideo Technologies, Inc. (NYSE:REZI - Get Free Report)'s stock price was down 6.5% during mid-day trading on Monday . The stock traded as low as $24.42 and last traded at $24.3840. 459,617 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 1,417,277 shares. The stock had previously closed at $26.08.

Analysts Set New Price Targets

A number of analysts have commented on REZI shares. Seaport Research Partners assumed coverage on shares of Resideo Technologies in a report on Wednesday, July 1st. They set a "buy" rating and a $55.00 target price for the company. Weiss Ratings reissued a "sell (d+)" rating on shares of Resideo Technologies in a research report on Friday, July 17th. JPMorgan Chase & Co. initiated coverage on Resideo Technologies in a research note on Friday. They issued a "neutral" rating and a $30.00 price objective for the company. Zacks Research cut Resideo Technologies from a "hold" rating to a "strong sell" rating in a report on Thursday, July 9th. Finally, Morgan Stanley lowered their target price on Resideo Technologies from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $41.00.

Resideo Technologies Stock Down 6.9%

The company has a 50-day moving average price of $32.15 and a 200 day moving average price of $34.38. The firm has a market capitalization of $3.68 billion, a PE ratio of -6.34 and a beta of 1.63. 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 released its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter last year, the business posted $0.63 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. 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. Analysts forecast that Resideo Technologies, Inc. will post 2.81 earnings per share for the current year.

Hedge Funds Weigh In On Resideo Technologies

Hedge funds have recently modified their holdings of the stock. Swedbank AB increased its holdings in shares of Resideo Technologies by 121.5% in the 4th quarter. Swedbank AB now owns 2,346,919 shares of the company's stock worth $82,424,000 after buying an additional 1,287,162 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Resideo Technologies by 659.0% in the 1st quarter. Hsbc Holdings PLC now owns 50,832 shares of the company's stock valued at $1,706,000 after acquiring an additional 44,135 shares during the last quarter. Quantinno Capital Management LP grew its position in Resideo Technologies by 122.1% in the first quarter. Quantinno Capital Management LP now owns 98,948 shares of the company's stock worth $3,336,000 after acquiring an additional 54,390 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Resideo Technologies during the first quarter worth approximately $1,497,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Resideo Technologies during the fourth quarter worth approximately $18,645,000. Hedge funds and other institutional investors 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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