Resideo Technologies (NYSE:REZI) Stock Price Target Raised at Citizens Jmp

Resideo Technologies (NYSE:REZI) had its price target increased by research analysts at Citizens Jmp from $22.00 to $29.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp‘s price target points to a potential upside of 24.70% from the company’s previous close.

REZI has been the topic of several other reports. Citigroup began coverage on Resideo Technologies in a research report on Monday, October 19th. They set a “market outperform” rating on the stock. Evercore began coverage on shares of Resideo Technologies in a report on Monday, September 28th. They issued an “outperform” rating and a $30.00 price objective for the company. Oppenheimer decreased their price objective on shares of Resideo Technologies from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday. Zacks Research upgraded shares of Resideo Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Resideo Technologies in a report on Friday, August 7th. They set a “neutral” rating and a $30.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.80.

Resideo Technologies Stock Performance

NYSE:REZI traded up $0.26 during trading hours on Thursday, reaching $23.25. 560,634 shares of the stock were exchanged, compared to its average volume of 1,670,660. The company has a quick ratio of 1.41, a current ratio of 2.22 and a debt-to-equity ratio of 1.41. The firm has a 50 day simple moving average of $18.48 and a 200-day simple moving average of $29.27. Resideo Technologies has a 52 week low of $15.90 and a 52 week high of $42.95. The stock has a market capitalization of $3.53 billion, a P/E ratio of 15.64 and a beta of 1.58.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Tuesday, November 10th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.40 by $0.12. The company had revenue of $727.00 million during the quarter, compared to analyst estimates of $712.64 million. Resideo Technologies had a return on equity of 15.62% and a net margin of 4.50%. The business’s revenue was down 61.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. As a group, sell-side analysts forecast that Resideo Technologies will post 2.16 earnings per share for the current fiscal year.

Insider Activity at Resideo Technologies

In related news, SVP Joshua Foster acquired 15,317 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $20.58 per share, for a total transaction of $315,223.86. Following the purchase, the senior vice president directly owned 183,509 shares in the company, valued at $3,776,615.22. This represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas Surran purchased 15,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $20.46 per share, for a total transaction of $306,900.00. Following the purchase, the chief executive officer directly owned 338,573 shares of the company’s stock, valued at $6,927,203.58. This trade represents a 4.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 41,245 shares of company stock worth $848,115 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in REZI. BlackRock Inc. bought a new position in shares of Resideo Technologies in the second quarter valued at approximately $673,214,000. Pzena Investment Management LLC raised its stake in shares of Resideo Technologies by 119.3% in the 3rd quarter. Pzena Investment Management LLC now owns 3,699,890 shares of the company’s stock worth $67,153,000 after buying an additional 2,013,125 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Resideo Technologies in the 2nd quarter worth $32,325,000. Bank of New York Mellon Corp acquired a new stake in shares of Resideo Technologies in the second quarter valued at $28,117,000. Finally, J. Goldman & Co LP acquired a new stake in shares of Resideo Technologies in the second quarter valued at $17,983,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Key Headlines Impacting Resideo Technologies

Investors following REZI have been watching these headlines:

• Positive Sentiment: Citizens raised its price target to $29, citing strong Q3 results, adding to the favorable reaction to the earnings report. Citizens raises Resideo price target
• Neutral Sentiment: Oppenheimer lowered its target from $27 to $25 but maintained an “outperform” rating, signaling continued optimism while tempering its valuation view.
• Negative Sentiment: Full-year 2026 adjusted EPS guidance of $1.92–$1.98 is below the $2.03 consensus. Fourth-quarter revenue guidance of $710–$730 million is also slightly below the $729.3 million estimate at its midpoint. OEM Security weakness and a cautious outlook could limit the benefit of the Q3 beat. Q3 2026 outlook and business trends

Resideo Technologies Company Profile

Resideo Technologies is a provider of products and services for home comfort, safety, security and energy management. Its offerings include thermostats and other heating and cooling controls, indoor air quality products, water leak detection devices, fire and carbon monoxide alarms, and security systems. Products are sold under brands that include Honeywell Home and First Alert. The company also operates ADI Global Distribution, a distributor of security, audio-visual, communications and smart-home products.