Resideo Technologies, Inc. $REZI Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 122.1% in the 1st quarter, HoldingsChannel reports. The fund owned 98,948 shares of the company’s stock after buying an additional 54,390 shares during the quarter. Quantinno Capital Management LP’s holdings in Resideo Technologies were worth $3,336,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in shares of Resideo Technologies during the 4th quarter worth about $25,000. Danske Bank A S boosted its holdings in Resideo Technologies by 600.0% in the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after purchasing an additional 600 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Resideo Technologies by 283.8% in the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after purchasing an additional 420 shares in the last quarter. McMillan Office Inc. purchased a new position in Resideo Technologies in the fourth quarter valued at approximately $33,000. Finally, Kestra Advisory Services LLC purchased a new position in Resideo Technologies in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $26.01 on Friday. The stock’s 50-day moving average price is $32.15 and its 200 day moving average price is $34.40. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $3.94 billion, a PE ratio of -6.77 and a beta of 1.63. Resideo Technologies, Inc. has a 52-week low of $25.46 and a 52-week high of $45.29.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share 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 company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $0.63 EPS. 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. As a group, equities research analysts forecast that Resideo Technologies, Inc. will post 2.81 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on REZI shares. Zacks Research downgraded shares of Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Seaport Research Partners assumed coverage on shares of Resideo Technologies in a research report on Wednesday, July 1st. They issued a “buy” rating and a $55.00 target price on the stock. Morgan Stanley cut their price target on shares of Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. JPMorgan Chase & Co. started coverage on shares of Resideo Technologies in a research report on Friday. They issued a “neutral” rating and a $30.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.00.

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.