Nicola Wealth Management LTD. Cuts Holdings in Resideo Technologies, Inc. $REZI

Nicola Wealth Management LTD. lowered its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 31.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,600 shares of the company’s stock after selling 72,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Resideo Technologies were worth $6,805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC boosted its position in Resideo Technologies by 16.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 15,935 shares of the company’s stock valued at $688,000 after purchasing an additional 2,205 shares in the last quarter. Sage Rhino Capital LLC bought a new position in shares of Resideo Technologies during the 3rd quarter worth approximately $267,000. Cullen Frost Bankers Inc. lifted its position in Resideo Technologies by 1,778.8% during the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after acquiring an additional 587 shares during the last quarter. Locust Wood Capital Advisers LLC acquired a new stake in Resideo Technologies in the third quarter valued at approximately $50,936,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Resideo Technologies by 274.7% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,892 shares of the company’s stock worth $3,622,000 after purchasing an additional 61,504 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $35.29 on Tuesday. 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 firm’s 50 day simple moving average is $34.91 and its 200-day simple moving average is $34.95. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $45.29. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of -7.54 and a beta of 1.71.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data 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 business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The company’s revenue 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. Analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Wall Street Analysts Forecast Growth

REZI has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday. Wall Street Zen cut shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research cut shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.67.

Insider Buying and Selling

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

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.