Sei Investments Co. Increases Stock Position in Resideo Technologies, Inc. $REZI

Sei Investments Co. boosted its stake in Resideo Technologies, Inc. (NYSE:REZI) by 20.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,903 shares of the company’s stock after purchasing an additional 21,583 shares during the quarter. Sei Investments Co.’s holdings in Resideo Technologies were worth $4,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of REZI. Smartleaf Asset Management LLC increased its holdings in shares of Resideo Technologies by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock worth $111,000 after buying an additional 306 shares during the last quarter. Vise Technologies Inc. lifted its holdings in shares of Resideo Technologies by 2.4% during the 4th quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock worth $480,000 after acquiring an additional 315 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Resideo Technologies by 36.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock worth $45,000 after acquiring an additional 342 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Resideo Technologies by 6.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock worth $208,000 after acquiring an additional 347 shares in the last quarter. Finally, Sage Rhino Capital LLC increased its stake in Resideo Technologies by 6.6% in the fourth quarter. Sage Rhino Capital LLC now owns 6,589 shares of the company’s stock valued at $231,000 after acquiring an additional 409 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Trading Up 0.3%

Shares of REZI stock opened at $26.25 on Thursday. The business has a 50-day moving average of $32.36 and a 200 day moving average 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, Inc. has a 1-year low of $25.50 and a 1-year high of $45.29. The stock has a market capitalization of $3.97 billion, a PE ratio of -6.84 and a beta of 1.63.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, topping 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 business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm earned $0.63 EPS. The business’s quarterly 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. As a group, sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on REZI shares. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Friday, July 17th. Morgan Stanley cut their price objective on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Zacks Research lowered Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Finally, Seaport Research Partners started coverage on Resideo Technologies in a report on Wednesday, July 1st. They set a “buy” rating and a $55.00 price objective on the stock. Two investment 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 has an average rating of “Hold” and a consensus price target of $46.50.

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.