Jupiter Asset Management Ltd. Makes New $8.51 Million Investment in Resideo Technologies, Inc. $REZI

Jupiter Asset Management Ltd. acquired a new stake in Resideo Technologies, Inc. (NYSE:REZI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 242,385 shares of the company’s stock, valued at approximately $8,513,000.

A number of other hedge funds also recently made changes to their positions in REZI. Larson Financial Group LLC boosted its stake in shares of Resideo Technologies by 283.8% in the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after purchasing an additional 420 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Resideo Technologies by 1,778.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after purchasing an additional 587 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Resideo Technologies during the 4th quarter worth $25,000. Danske Bank A S lifted its holdings in Resideo Technologies by 600.0% in the 4th quarter. Danske Bank A S now owns 700 shares of the company’s stock worth $25,000 after buying an additional 600 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Resideo Technologies by 128.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock worth $39,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

Resideo Technologies stock opened at $31.22 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. Resideo Technologies, Inc. has a 12 month low of $20.21 and a 12 month high of $45.29. The company has a fifty day moving average price of $35.42 and a two-hundred day moving average price of $35.14. The company has a market cap of $4.73 billion, a PE ratio of -8.13 and a beta of 1.75.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.87 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue 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. Research analysts expect that Resideo Technologies, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.