Morgan Stanley Has Lowered Expectations for Resideo Technologies (NYSE:REZI) Stock Price

Resideo Technologies (NYSE:REZI) had its price objective dropped by analysts at Morgan Stanley from $50.00 to $45.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 30.32% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Seaport Research Partners initiated coverage on Resideo Technologies in a report on Wednesday, July 1st. They set a “buy” rating and a $55.00 price target for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Zacks Research cut Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $46.50.

Resideo Technologies Price Performance

Resideo Technologies stock traded up $0.59 on Monday, reaching $34.53. The company’s stock had a trading volume of 322,696 shares, compared to its average volume of 1,356,763. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07. The business’s fifty day moving average price is $31.91 and its 200 day moving average price is $34.77. Resideo Technologies has a twelve month low of $22.93 and a twelve month high of $45.29. The company has a market cap of $5.23 billion, a price-to-earnings ratio of -8.96 and a beta of 1.64.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. 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 analysts expect that Resideo Technologies will post 2.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Resideo Technologies

Several large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of Resideo Technologies by 1,325.0% in the third quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock worth $81,553,000 after purchasing an additional 1,756,131 shares in the last quarter. Clayton Dubilier & Rice LLC lifted its position in Resideo Technologies by 12.7% during the fourth quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock valued at $525,962,000 after acquiring an additional 1,689,758 shares during the last quarter. Sachem Head Capital Management LP acquired a new stake in Resideo Technologies in the fourth quarter valued at approximately $57,070,000. Norges Bank purchased a new position in Resideo Technologies in the fourth quarter worth $56,059,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Resideo Technologies by 365.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock valued at $84,899,000 after buying an additional 1,543,952 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

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.