Resideo Technologies, Inc. $REZI Shares Purchased by State of Wyoming

State of Wyoming raised its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 75.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,048 shares of the company’s stock after acquiring an additional 15,882 shares during the quarter. State of Wyoming’s holdings in Resideo Technologies were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Resideo Technologies by 50.0% in the first quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after purchasing an additional 16,467 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Resideo Technologies by 58.9% during the 1st quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock worth $2,172,000 after purchasing an additional 45,517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 purchasing an additional 9,106 shares during the last quarter. Millennium Management LLC raised its position in shares of 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 purchasing an additional 242,260 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Resideo Technologies by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock valued at $7,773,000 after buying an additional 26,254 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Analysts Set New Price Targets

REZI has been the subject of several recent research reports. Seaport Research Partners initiated coverage on Resideo Technologies in a research report on Wednesday, July 1st. They set a “buy” rating and a $55.00 price target for the company. Morgan Stanley reduced their price objective on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Zacks Research lowered Resideo Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Resideo Technologies currently has an average rating of “Hold” and an average price target of $46.50.

Resideo Technologies Stock Performance

Shares of REZI opened at $34.09 on Thursday. Resideo Technologies, Inc. has a 1 year low of $24.15 and a 1 year high of $45.29. The company’s 50 day simple moving average is $31.47 and its 200 day simple moving average is $34.78. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of -8.88 and a beta of 1.64. 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 released its earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $1.91 billion during 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%. Resideo Technologies’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous 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. On average, sell-side analysts predict that Resideo Technologies, Inc. will post 2.81 EPS for the current year.

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.