Geode Capital Management LLC Sells 108,879 Shares of Resideo Technologies, Inc. $REZI

Geode Capital Management LLC trimmed its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,163,673 shares of the company’s stock after selling 108,879 shares during the period. Geode Capital Management LLC’s holdings in Resideo Technologies were worth $111,126,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in shares of Resideo Technologies by 283.8% during the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after purchasing an additional 420 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Resideo Technologies during the 4th quarter worth $25,000. Danske Bank A S raised its stake in shares of Resideo Technologies by 600.0% during the 4th quarter. Danske Bank A S now owns 700 shares of the company’s stock worth $25,000 after purchasing an additional 600 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Resideo Technologies by 128.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock worth $39,000 after purchasing an additional 525 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Resideo Technologies during the 3rd quarter worth $43,000. 91.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on REZI shares. Morgan Stanley lifted their target price on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Finally, Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.00.

Resideo Technologies Trading Up 3.3%

Shares of Resideo Technologies stock opened at $31.22 on Friday. Resideo Technologies, Inc. has a 52-week low of $20.41 and a 52-week high of $45.29. The stock’s 50-day simple moving average is $35.04 and its 200 day simple moving average is $35.12. The stock has a market capitalization of $4.73 billion, a P/E ratio of -8.13 and a beta of 1.64. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the business posted $0.63 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. 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, research analysts anticipate that Resideo Technologies, Inc. will post 2.63 EPS for the current year.

Resideo Technologies Company 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.