Seaport Research Partners Initiates Coverage on Resideo Technologies (NYSE:REZI)

Analysts at Seaport Research Partners assumed coverage on shares of Resideo Technologies (NYSE:REZI) in a report issued on Wednesday. The brokerage set a “buy” rating on the stock.

Several other research analysts have also weighed in on REZI. Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Resideo Technologies presently has a consensus rating of “Hold” and a consensus price target of $49.00.

Resideo Technologies Price Performance

NYSE REZI opened at $31.10 on Wednesday. The stock’s 50-day moving average price is $33.31 and its two-hundred day moving average price is $35.00. The company has a market cap of $4.71 billion, a PE ratio of -8.10 and a beta of 1.64. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. Resideo Technologies has a 1 year low of $21.81 and a 1 year high of $45.29.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm 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, analysts predict that Resideo Technologies will post 2.63 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of REZI. Smartleaf Asset Management LLC lifted its stake in Resideo Technologies by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock worth $111,000 after purchasing an additional 306 shares during the period. Vise Technologies Inc. grew its stake in shares of Resideo Technologies by 2.4% during the fourth quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock valued at $480,000 after purchasing an additional 315 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Resideo Technologies by 36.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 342 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Resideo Technologies by 6.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock valued at $208,000 after acquiring an additional 347 shares during the last quarter. Finally, Sage Rhino Capital LLC boosted its stake in shares of Resideo Technologies by 6.6% in the 4th quarter. Sage Rhino Capital LLC now owns 6,589 shares of the company’s stock valued at $231,000 after purchasing an additional 409 shares during the last quarter. 91.71% of the stock is owned by institutional investors.

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.