Mitsubishi UFJ Trust & Banking Corp Cuts Position in Resideo Technologies, Inc. $REZI

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Resideo Technologies, Inc. (NYSE:REZI) by 74.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,020 shares of the company’s stock after selling 92,104 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Resideo Technologies were worth $1,339,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Clayton Dubilier & Rice LLC purchased a new stake in Resideo Technologies in the second quarter worth about $127,290,000. Geode Capital Management LLC lifted its position in Resideo Technologies by 1.6% during the second quarter. Geode Capital Management LLC now owns 3,501,932 shares of the company’s stock valued at $77,261,000 after purchasing an additional 55,666 shares during the period. Prudential Financial Inc. boosted its position in Resideo Technologies by 12.8% in the 2nd quarter. Prudential Financial Inc. now owns 2,860,731 shares of the company’s stock worth $63,108,000 after purchasing an additional 325,410 shares in the last quarter. Pzena Investment Management LLC grew its position in shares of Resideo Technologies by 1.6% during the 2nd quarter. Pzena Investment Management LLC now owns 2,687,128 shares of the company’s stock valued at $59,278,000 after acquiring an additional 41,808 shares during the period. Finally, Norges Bank acquired a new stake in Resideo Technologies in the 2nd quarter valued at $40,374,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $34.25 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.07 and a current ratio of 1.88. The company’s fifty day moving average is $35.27 and its two-hundred day moving average is $35.16. Resideo Technologies, Inc. has a one year low of $14.18 and a one year high of $45.29. The firm has a market capitalization of $5.13 billion, a P/E ratio of -7.32 and a beta of 1.71.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Wednesday, November 5th. The company reported $0.89 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the company posted $0.58 earnings per share. The firm’s quarterly 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 forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Insider Transactions at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 566,758 shares of Resideo Technologies stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $31.82 per share, for a total transaction of $18,034,239.56. Following the completion of the transaction, the insider directly owned 14,960,492 shares of the company’s stock, valued at $476,042,855.44. The trade was a 3.94% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Andrew C. Teich bought 8,149 shares of Resideo Technologies stock in a transaction on Monday, November 10th. The stock was purchased at an average price of $30.68 per share, for a total transaction of $250,011.32. Following the completion of the acquisition, the director owned 340,621 shares in the company, valued at $10,450,252.28. This represents a 2.45% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 1,697,907 shares of company stock valued at $53,222,621. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Wall Street Zen cut Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Resideo Technologies currently has an average rating of “Hold” and a consensus target price of $34.67.

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.