Seizert Capital Partners LLC Buys New Position in Resideo Technologies, Inc. $REZI

Seizert Capital Partners LLC acquired a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 62,425 shares of the company’s stock, valued at approximately $2,696,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Violich Capital Management Inc. purchased a new stake in Resideo Technologies during the third quarter valued at about $237,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Resideo Technologies by 2.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,912 shares of the company’s stock worth $455,000 after acquiring an additional 262 shares in the last quarter. Quantum Portfolio Management LLC acquired a new stake in shares of Resideo Technologies during the third quarter valued at approximately $252,000. Evergreen Capital Management LLC acquired a new stake in shares of Resideo Technologies during the third quarter valued at approximately $264,000. Finally, Pembroke Management LTD lifted its position in shares of Resideo Technologies by 26.6% in the 3rd quarter. Pembroke Management LTD now owns 1,470,131 shares of the company’s stock valued at $63,480,000 after acquiring an additional 308,940 shares in the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $37.25 on Tuesday. The stock has a market capitalization of $5.58 billion, a P/E ratio of -7.96 and a beta of 1.71. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $45.29. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.88 and a quick ratio of 1.07. The business has a 50-day moving average of $34.42 and a two-hundred day moving average of $34.52.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Wednesday, November 5th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.18. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business earned $0.58 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS and its Q4 2025 guidance at 0.420-0.520 EPS. On average, equities research analysts predict that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Wall Street Zen cut Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research downgraded shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Resideo Technologies presently has a consensus rating of “Hold” and an average target price of $34.67.

Insider Buying and Selling

In other news, major shareholder Channel Holdings Ii L.P. Cd&R bought 566,758 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average price of $31.82 per share, with a total value of $18,034,239.56. Following the transaction, the insider owned 14,960,492 shares in the company, valued at $476,042,855.44. This represents a 3.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew C. Teich purchased 8,149 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average cost of $30.68 per share, with a total value of $250,011.32. Following the completion of the purchase, the director directly owned 340,621 shares in the company, valued at approximately $10,450,252.28. This represents a 2.45% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 1,697,907 shares of company stock worth $53,222,621. 1.50% of the stock is owned by insiders.

About Resideo Technologies

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.