Resideo Technologies (NYSE:REZI) Now Covered by JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. began coverage on shares of Resideo Technologies (NYSE:REZI) in a research report issued to clients and investors on Friday. The firm set a “neutral” rating and a $30.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 16.70% from the stock’s previous close.

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

Resideo Technologies Stock Down 1.4%

Shares of REZI traded down $0.36 during trading hours on Friday, hitting $25.71. 72,471 shares of the company were exchanged, compared to its average volume of 1,414,614. 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 company has a market cap of $3.89 billion, a PE ratio of -6.71 and a beta of 1.63. The firm’s 50 day moving average is $32.25 and its 200-day moving average is $34.46. Resideo Technologies has a 52 week low of $25.46 and a 52 week high of $45.29.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $1.91 billion during 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 company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous 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. On average, equities research analysts forecast that Resideo Technologies will post 2.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its position in shares of Resideo Technologies by 1,325.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock worth $81,553,000 after acquiring an additional 1,756,131 shares in the last quarter. Clayton Dubilier & Rice LLC lifted its stake in shares of Resideo Technologies by 12.7% in the 4th 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 shares of Resideo Technologies during the 4th quarter valued at $57,070,000. Norges Bank acquired a new stake in shares of Resideo Technologies during the 4th quarter valued at $56,059,000. Finally, Arrowstreet Capital Limited Partnership grew 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 worth $84,899,000 after acquiring an additional 1,543,952 shares during the last quarter. Institutional investors and hedge funds 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.