Resideo Technologies, Inc. (NYSE:REZI) Receives $39.67 Average Target Price from Analysts

Resideo Technologies, Inc. (NYSE:REZI) has earned an average rating of “Hold” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $39.6667.

Several analysts recently commented on REZI shares. Morgan Stanley increased their target price on shares of Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Finally, Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th.

Resideo Technologies Trading Down 0.2%

Resideo Technologies stock opened at $31.22 on Wednesday. The firm has a 50 day simple moving average of $35.42 and a 200-day simple moving average of $35.18. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. The stock has a market capitalization of $4.73 billion, a PE ratio of -8.13 and a beta of 1.64. Resideo Technologies has a 12-month low of $20.21 and a 12-month 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 (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The business 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 posted $0.63 earnings per share. The business’s revenue 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 expect that Resideo Technologies will post 2.63 EPS for the current fiscal year.

Institutional Trading of Resideo Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in REZI. Sound Income Strategies LLC acquired a new stake in Resideo Technologies during the fourth quarter valued at approximately $25,000. Danske Bank A S lifted its stake in Resideo Technologies by 600.0% during 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 during the last quarter. Larson Financial Group LLC lifted its stake in Resideo Technologies by 283.8% during 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 during the last quarter. Cullen Frost Bankers Inc. lifted its stake 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 purchasing an additional 587 shares during the last quarter. Finally, McMillan Office Inc. purchased a new stake in shares of Resideo Technologies in the 4th quarter valued at approximately $33,000. 91.71% of the stock is owned by institutional investors and hedge funds.

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.