Resideo Technologies (NYSE:REZI) Shares Gap Down – Here’s What Happened

Resideo Technologies, Inc. (NYSE:REZI)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $36.23, but opened at $26.00. Resideo Technologies shares last traded at $26.33, with a volume of 103,731 shares changing hands.

Wall Street Analyst Weigh In

REZI has been the topic of a number of research analyst reports. Zacks Research downgraded Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Seaport Research Partners began coverage on shares of Resideo Technologies in a research note on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Friday, July 17th. Finally, Morgan Stanley dropped their price objective 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.50.

Resideo Technologies Stock Performance

The firm has a market cap of $3.97 billion, a PE ratio of -6.84 and a beta of 1.63. The stock has a 50-day moving average price of $32.36 and a 200 day moving average price of $34.54. 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 (NYSE:REZI) last released its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $1.91 billion for 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% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Research analysts forecast that Resideo Technologies, Inc. will post 2.81 earnings per share for the current year.

Hedge Funds Weigh In On Resideo Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clayton Dubilier & Rice LLC boosted its holdings in shares of 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 last quarter. Dimensional Fund Advisors LP raised its position in shares of Resideo Technologies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,787,434 shares of the company’s stock worth $262,505,000 after buying an additional 64,613 shares during the period. Franklin Resources Inc. raised its position in shares of Resideo Technologies by 51.4% in the 4th quarter. Franklin Resources Inc. now owns 2,860,308 shares of the company’s stock worth $100,454,000 after buying an additional 971,643 shares during the period. Swedbank AB boosted its holdings in Resideo Technologies by 13.6% in the first quarter. Swedbank AB now owns 2,665,123 shares of the company’s stock valued at $89,841,000 after acquiring an additional 318,204 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC boosted its holdings in Resideo Technologies by 124.6% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 2,649,691 shares of the company’s stock valued at $93,057,000 after acquiring an additional 1,470,077 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

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.