Resideo Technologies, Inc. $REZI Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 17.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 147,286 shares of the company’s stock after selling 30,771 shares during the quarter. New York State Teachers Retirement System’s holdings in Resideo Technologies were worth $4,965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Royal Bank of Canada grew its holdings in Resideo Technologies by 50.0% in the 1st quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock worth $873,000 after buying an additional 16,467 shares in the last quarter. AQR Capital Management LLC raised its stake in Resideo Technologies by 58.9% during the 1st quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock valued at $2,172,000 after acquiring an additional 45,517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Resideo Technologies by 7.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock worth $2,233,000 after acquiring an additional 9,106 shares during the period. Millennium Management LLC boosted its position in Resideo Technologies by 1,123.6% during the 1st quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock worth $4,670,000 after acquiring an additional 242,260 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Resideo Technologies by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock worth $7,773,000 after purchasing an additional 26,254 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

REZI opened at $31.69 on Thursday. The business has a 50 day moving average price of $32.23 and a two-hundred day moving average price of $34.82. 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 company has a market capitalization of $4.80 billion, a price-to-earnings ratio of -8.25 and a beta of 1.64. Resideo Technologies, Inc. has a 1-year low of $22.93 and a 1-year high of $45.29.

Resideo Technologies (NYSE:REZI) last issued 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. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. 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. Research analysts predict that Resideo Technologies, Inc. will post 2.81 EPS for the current fiscal year.

Analyst Ratings Changes

REZI has been the topic of a number of research analyst reports. Seaport Research Partners began coverage on Resideo Technologies in a report on Wednesday, July 1st. They set a “buy” rating and a $55.00 price target on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Finally, Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Resideo Technologies has a consensus rating of “Hold” and an average target price of $49.00.

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.