Swedbank AB Raises Stock Holdings in Resideo Technologies, Inc. $REZI

Swedbank AB grew its position in Resideo Technologies, Inc. (NYSE:REZI) by 13.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,665,123 shares of the company’s stock after acquiring an additional 318,204 shares during the quarter. Swedbank AB’s holdings in Resideo Technologies were worth $89,841,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Larson Financial Group LLC raised its position in Resideo Technologies by 283.8% in the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after purchasing an additional 420 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Resideo Technologies in the fourth quarter valued at $25,000. Danske Bank A S increased its stake in Resideo Technologies by 600.0% in the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after purchasing an additional 600 shares during the period. McMillan Office Inc. purchased a new stake in shares of Resideo Technologies in the fourth quarter valued at about $33,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Resideo Technologies in the fourth quarter valued at about $34,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on REZI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Seaport Research Partners assumed coverage on Resideo Technologies in a research note on Wednesday, July 1st. They set a “buy” rating and a $55.00 price objective for the company. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a research 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 issued a Sell rating to the stock. According to MarketBeat, Resideo Technologies currently has an average rating of “Hold” and a consensus price target of $49.00.

Resideo Technologies Trading Up 1.8%

NYSE REZI opened at $32.66 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $4.95 billion, a P/E ratio of -8.50 and a beta of 1.64. Resideo Technologies, Inc. has a 52-week low of $22.93 and a 52-week high of $45.29. The firm has a 50-day moving average price of $32.40 and a 200 day moving average price of $34.84.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share 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 company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. 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. Equities research analysts expect that Resideo Technologies, Inc. will post 2.81 EPS for the current year.

Resideo Technologies 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.