Resideo Technologies (NYSE:REZI) Stock Gets Price Target Reduction from Oppenheimer

Resideo Technologies (NYSE:REZI) had its price objective lowered by investment analysts at Oppenheimer from $27.00 to $25.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer‘s price target suggests a potential upside of 11.42% from the company’s previous close.

Several other equities research analysts also recently commented on REZI. Citigroup started coverage on Resideo Technologies in a report on Monday, October 19th. They set a “market outperform” rating for the company. Citizens Jmp assumed coverage on Resideo Technologies in a report on Monday, October 19th. They issued a “market outperform” rating and a $22.00 target price on the stock. Zacks Research raised shares of Resideo Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Weiss Ratings lowered shares of Resideo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Evercore started coverage on shares of Resideo Technologies in a report on Monday, September 28th. They set an “outperform” rating and a $30.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.40.

Resideo Technologies Stock Up 15.4%

NYSE REZI traded up $2.99 on Wednesday, hitting $22.44. 5,256,909 shares of the company were exchanged, compared to its average volume of 1,665,374. The company has a current ratio of 2.22, a quick ratio of 1.41 and a debt-to-equity ratio of 1.41. The company has a market cap of $3.41 billion, a PE ratio of 9.94 and a beta of 1.58. The stock has a fifty day moving average of $18.41 and a 200-day moving average of $29.34. Resideo Technologies has a 12 month low of $15.90 and a 12 month high of $42.95.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Tuesday, November 10th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.12. Resideo Technologies had a net margin of 5.37% and a return on equity of 17.79%. The firm had revenue of $727.00 million during the quarter, compared to the consensus estimate of $712.64 million. During the same period in the previous year, the firm posted $0.89 earnings per share. The business’s revenue was down 61.0% compared to the same quarter last year. As a group, analysts forecast that Resideo Technologies will post 2.16 earnings per share for the current year.

Insider Transactions at Resideo Technologies

In related news, CEO Thomas A. Surran purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of $20.46 per share, for a total transaction of $306,900.00. Following the completion of the acquisition, the chief executive officer owned 338,573 shares of the company’s stock, valued at $6,927,203.58. This represents a 4.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Amit Mehta purchased 10,928 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average cost of $20.68 per share, with a total value of $225,991.04. Following the completion of the transaction, the senior vice president directly owned 57,362 shares in the company, valued at $1,186,246.16. The trade was a 23.53% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 41,245 shares of company stock valued at $848,115 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Resideo Technologies

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Resideo Technologies during the second quarter valued at about $673,214,000. Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 64,613 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Resideo Technologies by 3.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,069,509 shares of the company’s stock worth $69,763,000 after purchasing an additional 71,092 shares in the last quarter. Pzena Investment Management LLC grew its position in 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 purchasing an additional 2,013,125 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in Resideo Technologies in the 2nd quarter valued at about $32,325,000. Institutional investors own 91.71% of the company’s stock.

More Resideo Technologies News

These are some of the REZI news items that stood out recently:

• Positive Sentiment: Resideo launched Pro-IQ Predict, an AI-enabled HVAC tool designed to identify potential system problems before breakdowns. The product could support future service and connected-device opportunities, though its near-term financial impact is unclear. Pro-IQ Predict launch
• Negative Sentiment: Full-year 2026 guidance is the larger concern: Resideo forecast adjusted EPS of $1.92–$1.98, below the $2.03 consensus, and revenue of approximately $2.927–$2.947 billion, well below the cited $3.9 billion consensus. The cautious outlook may outweigh the quarterly beat. Q3 results and guidance coverage
• Negative Sentiment: OEM Security weakness remains a headwind. Although core sales channels grew, GAAP income from continuing operations fell 66% year over year, and GAAP diluted EPS declined 71%, highlighting weaker reported profitability.

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.