Alta Fox Capital Management LLC Makes New Investment in Resideo Technologies, Inc. $REZI

Alta Fox Capital Management LLC bought a new position in shares of Resideo Technologies, Inc. (NYSE:REZI) during the 4th quarter, Holdings Channel reports. The fund bought 1,266,700 shares of the company’s stock, valued at approximately $44,487,000. Resideo Technologies accounts for approximately 9.6% of Alta Fox Capital Management LLC’s portfolio, making the stock its 6th largest holding.

Several other institutional investors also recently made changes to their positions in REZI. Royal Bank of Canada boosted its position in shares of Resideo Technologies by 50.0% during the 1st quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock worth $873,000 after purchasing an additional 16,467 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Resideo Technologies by 58.9% during the 1st quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock worth $2,172,000 after buying an additional 45,517 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Resideo Technologies by 7.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock worth $2,233,000 after buying an additional 9,106 shares during the last quarter. Millennium Management LLC raised its stake in shares of Resideo Technologies by 1,123.6% during the 1st quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock worth $4,670,000 after buying an additional 242,260 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Resideo Technologies by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock worth $7,773,000 after buying an additional 26,254 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Morgan Stanley lifted their price target on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, Oppenheimer reaffirmed 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 issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $49.00.

Resideo Technologies Trading Up 1.3%

NYSE:REZI opened at $31.59 on Friday. The company has a market capitalization of $4.78 billion, a PE ratio of -8.23 and a beta of 1.64. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a 52-week low of $20.41 and a 52-week high of $45.29. The stock has a fifty day simple moving average of $34.75 and a 200-day simple moving average of $35.16.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $0.63 EPS. 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. On average, equities research analysts expect that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal year.

Resideo Technologies 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.