Seizert Capital Partners LLC Purchases New Holdings in Resideo Technologies, Inc. $REZI

Seizert Capital Partners LLC purchased a new position in shares of Resideo Technologies, Inc. (NYSE:REZI) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 62,425 shares of the company’s stock, valued at approximately $2,696,000.

Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Resideo Technologies by 2.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,912 shares of the company’s stock worth $455,000 after buying an additional 262 shares during the last quarter. CWM LLC increased its position in Resideo Technologies by 4.3% during the third quarter. CWM LLC now owns 7,263 shares of the company’s stock worth $314,000 after buying an additional 300 shares during the last quarter. Amalgamated Bank raised its stake in Resideo Technologies by 1.0% in the second quarter. Amalgamated Bank now owns 42,164 shares of the company’s stock valued at $930,000 after buying an additional 415 shares during the period. QRG Capital Management Inc. lifted its position in shares of Resideo Technologies by 4.3% in the second quarter. QRG Capital Management Inc. now owns 10,565 shares of the company’s stock valued at $233,000 after buying an additional 437 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in shares of Resideo Technologies by 588.2% during the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Resideo Technologies

In other Resideo Technologies news, Director Andrew C. Teich purchased 8,149 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were bought 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 approximately $10,450,252.28. This trade represents a 2.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Channel Holdings Ii L.P. Cd&R acquired 566,758 shares of Resideo Technologies stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of $31.82 per share, for a total transaction of $18,034,239.56. Following the purchase, the insider 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 1,697,907 shares of company stock valued at $53,222,621. Corporate insiders own 1.50% of the company’s stock.

Resideo Technologies Price Performance

Shares of REZI stock opened at $37.25 on Tuesday. The business has a fifty day simple moving average of $34.42 and a 200 day simple moving average of $34.52. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $45.29. The company has a quick ratio of 1.07, a current ratio of 1.88 and a debt-to-equity ratio of 1.38. The company has a market cap of $5.58 billion, a P/E ratio of -7.96 and a beta of 1.71.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.18. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. 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. On average, sell-side analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

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.