Resideo Technologies (NYSE:REZI) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Resideo Technologies (NYSE:REZI) in a report published on Friday. The brokerage issued a neutral rating and a $30.00 price objective on the stock.

Other research analysts have also issued reports about the stock. Zacks Research lowered shares of Resideo Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Seaport Research Partners initiated coverage on shares of Resideo Technologies in a research note on Wednesday, July 1st. They set a “buy” rating and a $55.00 target price on the stock. Morgan Stanley decreased their price target on shares of Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Resideo Technologies presently has a consensus rating of “Hold” and a consensus price target of $41.00.

Resideo Technologies Price Performance

Shares of REZI stock opened at $26.01 on Friday. The firm has a market cap of $3.94 billion, a P/E ratio of -6.77 and a beta of 1.63. Resideo Technologies has a fifty-two week low of $25.46 and a fifty-two week high of $45.29. The business’s 50 day moving average price is $32.15 and its 200-day moving average price is $34.40. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.63 earnings per share. 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. On average, equities research analysts anticipate that Resideo Technologies will post 2.81 earnings per share for the current year.

Institutional Trading of Resideo Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in shares of Resideo Technologies by 10.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock valued at $111,000 after purchasing an additional 306 shares during the period. Vise Technologies Inc. grew its position in Resideo Technologies by 2.4% during the fourth quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock valued at $480,000 after buying an additional 315 shares during the period. Farther Finance Advisors LLC grew its position in Resideo Technologies by 36.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 342 shares during the period. O Shaughnessy Asset Management LLC grew its position in Resideo Technologies by 6.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock valued at $208,000 after buying an additional 347 shares during the period. Finally, Sage Rhino Capital LLC increased its holdings in Resideo Technologies by 6.6% during the fourth quarter. Sage Rhino Capital LLC now owns 6,589 shares of the company’s stock valued at $231,000 after buying an additional 409 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

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.