Franklin Resources Inc. Acquires 971,643 Shares of Resideo Technologies, Inc. $REZI

Franklin Resources Inc. raised its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 51.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,860,308 shares of the company’s stock after purchasing an additional 971,643 shares during the quarter. Franklin Resources Inc.’s holdings in Resideo Technologies were worth $100,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of REZI. Royal Bank of Canada raised its stake in Resideo Technologies by 50.0% in the first quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after buying an additional 16,467 shares during the period. AQR Capital Management LLC raised its stake in Resideo Technologies by 58.9% in the first quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock valued at $2,172,000 after buying an additional 45,517 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Resideo Technologies by 7.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock valued at $2,233,000 after buying an additional 9,106 shares during the period. Millennium Management LLC raised its stake in Resideo Technologies by 1,123.6% in the first quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock valued at $4,670,000 after buying an additional 242,260 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Resideo Technologies by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock valued at $7,773,000 after buying an additional 26,254 shares during the period. Institutional investors own 91.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on REZI. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Morgan Stanley upped their target price on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.00.

Resideo Technologies Price Performance

Resideo Technologies stock opened at $30.09 on Thursday. Resideo Technologies, Inc. has a 12 month low of $20.41 and a 12 month high of $45.29. The stock’s 50 day moving average is $34.86 and its 200-day moving average is $35.18. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of -7.84 and a beta of 1.64.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.87 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Resideo Technologies, Inc. will post 2.63 EPS for the current 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.