Weiss Ratings Reaffirms "Sell (D+)" Rating for Resideo Technologies (NYSE:REZI)

Resideo Technologies (NYSE:REZI - Get Free Report)'s stock had its "sell (d+)" rating restated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other brokerages also recently weighed in on REZI. Zacks Research upgraded Resideo Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 22nd. Morgan Stanley upgraded Resideo Technologies from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $24.00 to $35.00 in a research report on Tuesday, August 12th. Finally, Oppenheimer upped their target price on Resideo Technologies from $35.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, September 19th. One 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 company's stock. Based on data from MarketBeat.com, Resideo Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $34.67.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $42.43 on Wednesday. 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 has a fifty-two week low of $14.18 and a fifty-two week high of $43.96. The stock has a 50 day moving average price of $35.62 and a two-hundred day moving average price of $25.47. The company has a market capitalization of $6.31 billion, a P/E ratio of -7.77 and a beta of 2.23.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.66 earnings per share for the quarter, beating 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The business's revenue was up 22.3% on a year-over-year basis. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. Analysts expect that Resideo Technologies will post 2.13 earnings per share for the current year.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R bought 4,477,919 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average price of $22.33 per share, for a total transaction of $99,991,931.27. Following the completion of the acquisition, the insider directly owned 10,232,420 shares in the company, valued at $228,489,938.60. The trade was a 77.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders purchased 7,545,693 shares of company stock worth $194,098,517 and sold 133,231 shares worth $4,025,742. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Resideo Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Boston Partners raised its holdings in Resideo Technologies by 1.6% in the first quarter. Boston Partners now owns 9,954,419 shares of the company's stock worth $175,640,000 after purchasing an additional 156,536 shares in the last quarter. Ariel Investments LLC raised its holdings in Resideo Technologies by 5.1% in the first quarter. Ariel Investments LLC now owns 9,664,671 shares of the company's stock worth $171,065,000 after purchasing an additional 465,571 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Resideo Technologies by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 8,205,405 shares of the company's stock worth $145,234,000 after purchasing an additional 223,063 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Resideo Technologies by 9.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 8,196,828 shares of the company's stock worth $145,084,000 after purchasing an additional 683,714 shares in the last quarter. Finally, Clayton Dubilier & Rice LLC bought a new position in Resideo Technologies in the second quarter worth $127,290,000. Institutional investors own 91.71% of the company's stock.

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.

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