Resideo Technologies, Inc. $REZI Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC reduced its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 37.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,372,625 shares of the company’s stock after selling 831,842 shares during the quarter. Pzena Investment Management LLC’s holdings in Resideo Technologies were worth $48,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in REZI. Clayton Dubilier & Rice LLC grew its position in Resideo Technologies by 130.3% during the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock worth $573,706,000 after buying an additional 7,516,233 shares during the period. Franklin Resources Inc. grew its position in Resideo Technologies by 1,325.0% during the third quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock worth $81,553,000 after buying an additional 1,756,131 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Resideo Technologies by 365.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock worth $84,899,000 after buying an additional 1,543,952 shares during the period. Swedbank AB grew its position in Resideo Technologies by 121.5% during the fourth 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 period. Finally, Locust Wood Capital Advisers LLC acquired a new position in Resideo Technologies during the third quarter worth about $50,936,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Up 0.3%

Shares of NYSE REZI opened at $29.01 on Friday. Resideo Technologies, Inc. has a 12-month low of $19.65 and a 12-month high of $45.29. The company has a market capitalization of $4.39 billion, a PE ratio of -7.55 and a beta of 1.75. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. The firm’s 50-day moving average is $35.88 and its two-hundred day moving average is $35.44.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Resideo Technologies, Inc. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on REZI. Morgan Stanley upped their price target on shares of Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.67.

About Resideo Technologies

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.