Kennedy Capital Management LLC Acquires 159,433 Shares of Resideo Technologies, Inc. $REZI

Kennedy Capital Management LLC increased its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 33.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 642,829 shares of the company’s stock after buying an additional 159,433 shares during the period. Kennedy Capital Management LLC’s holdings in Resideo Technologies were worth $22,576,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of REZI. Clayton Dubilier & Rice LLC boosted its holdings in Resideo Technologies by 12.7% in the 4th quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock valued at $525,962,000 after purchasing an additional 1,689,758 shares during the period. Franklin Resources Inc. boosted its holdings in Resideo Technologies by 51.4% in the 4th quarter. Franklin Resources Inc. now owns 2,860,308 shares of the company’s stock valued at $100,454,000 after purchasing an additional 971,643 shares during the period. Locust Wood Capital Advisers LLC boosted its holdings in Resideo Technologies by 124.6% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 2,649,691 shares of the company’s stock valued at $93,057,000 after purchasing an additional 1,470,077 shares during the period. Permian Investment Partners LP boosted its holdings in Resideo Technologies by 156.2% in the 4th quarter. Permian Investment Partners LP now owns 2,474,500 shares of the company’s stock valued at $86,904,000 after purchasing an additional 1,508,564 shares during the period. Finally, Swedbank AB boosted its holdings in Resideo Technologies by 121.5% in the 4th quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock valued at $82,424,000 after purchasing an additional 1,287,162 shares during the period. 91.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Morgan Stanley raised 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. Finally, Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Resideo Technologies currently has a consensus rating of “Hold” and an average target price of $49.00.

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $31.59 on Friday. The stock has a market cap of $4.78 billion, a PE ratio of -8.23 and a beta of 1.64. The company’s fifty day moving average is $34.75 and its 200 day moving average is $35.16. Resideo Technologies, Inc. has a 52 week low of $20.41 and a 52 week high of $45.29. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates 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 negative net margin of 6.71% and a positive return on equity of 16.70%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company 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 anticipate that Resideo Technologies, Inc. will post 2.63 earnings per share for the current year.

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.