Clayton Dubilier & Rice LLC Has $573.71 Million Stake in Resideo Technologies, Inc. $REZI

Clayton Dubilier & Rice LLC increased its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 130.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,286,384 shares of the company’s stock after purchasing an additional 7,516,233 shares during the period. Resideo Technologies comprises about 84.8% of Clayton Dubilier & Rice LLC’s investment portfolio, making the stock its largest position. Clayton Dubilier & Rice LLC owned about 8.93% of Resideo Technologies worth $573,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REZI. Geode Capital Management LLC boosted its stake 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 worth $77,261,000 after buying an additional 55,666 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Resideo Technologies by 12.8% during the 2nd quarter. Prudential Financial Inc. now owns 2,860,731 shares of the company’s stock worth $63,108,000 after acquiring an additional 325,410 shares during the period. Pzena Investment Management LLC boosted 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 in the last quarter. Norges Bank bought a new stake in Resideo Technologies in the second quarter valued at about $40,374,000. Finally, Ophir Asset Management Pty Ltd acquired a new position in Resideo Technologies in the second quarter worth about $35,419,000. 91.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

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

Resideo Technologies Stock Performance

NYSE:REZI opened at $33.71 on Friday. The stock has a market capitalization of $5.05 billion, a P/E ratio of -7.20 and a beta of 1.71. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $45.29. The firm has a 50 day moving average of $35.18 and a 200-day moving average of $35.00.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.18. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Resideo Technologies had a positive return on equity of 14.96% and a negative net margin of 8.85%.The business’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, sell-side analysts anticipate 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.