Counterpoint Mutual Funds LLC Acquires Shares of 24,886 Resideo Technologies, Inc. $REZI

Counterpoint Mutual Funds LLC acquired a new stake in Resideo Technologies, Inc. (NYSE:REZI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,886 shares of the company’s stock, valued at approximately $839,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Alpha Wave Global LP acquired a new position in Resideo Technologies during the third quarter valued at $8,811,000. Hudson Bay Capital Management LP purchased a new stake in Resideo Technologies in the third quarter valued at $3,022,000. Swedbank AB grew its position in Resideo Technologies by 121.5% during the 4th quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock worth $82,424,000 after purchasing an additional 1,287,162 shares during the period. JPMorgan Chase & Co. grew its position in Resideo Technologies by 17.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,177,769 shares of the company’s stock worth $50,856,000 after purchasing an additional 177,403 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Resideo Technologies by 1,345.4% during the 4th quarter. SG Americas Securities LLC now owns 259,310 shares of the company’s stock valued at $9,107,000 after buying an additional 241,370 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Seaport Research Partners assumed coverage on Resideo Technologies in a report on Wednesday. They set a “buy” rating and a $55.00 target price on the stock. Finally, Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.00.

Resideo Technologies Stock Down 0.0%

Resideo Technologies stock opened at $30.65 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. The stock has a market capitalization of $4.64 billion, a PE ratio of -7.98 and a beta of 1.64. The business has a 50 day simple moving average of $32.75 and a 200-day simple moving average of $34.89. Resideo Technologies, Inc. has a 12 month low of $22.93 and a 12 month high of $45.29.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $0.63 EPS. The business’s revenue was up 8.0% on a year-over-year basis. 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, analysts anticipate that Resideo Technologies, Inc. will post 2.81 EPS for the current fiscal 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.