Resideo Technologies (NYSE:REZI) Stock Price Down 6.5% – Time to Sell?

by · The Markets Daily

Resideo Technologies, Inc. (NYSE:REZI – Get Free Report) traded down 6.5% on Monday . The stock traded as low as $24.42 and last traded at $24.3840. 459,617 shares were traded during trading, a decline of 68% from the average session volume of 1,417,277 shares. The stock had previously closed at $26.08.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on REZI. Zacks Research downgraded Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Seaport Research Partners assumed coverage on shares of Resideo Technologies in a research note on Wednesday, July 1st. They issued a “buy” rating and a $55.00 target price on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Friday, July 17th. JPMorgan Chase & Co. initiated coverage on shares of Resideo Technologies in a research note on Friday. They set a “neutral” rating and a $30.00 price target for the company. Finally, Morgan Stanley cut their price target on shares of Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $41.00.

View Our Latest Report on REZI

Resideo Technologies Price Performance

The stock has a 50 day moving average of $32.15 and a 200-day moving average of $34.38. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $3.68 billion, a P/E ratio of -6.34 and a beta of 1.63.

Resideo Technologies (NYSE:REZI – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating 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 company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted $0.63 EPS. Resideo Technologies’s quarterly 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 anticipate that Resideo Technologies, Inc. will post 2.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in REZI. BlackRock Inc. purchased a new stake in shares of Resideo Technologies in the second quarter valued at approximately $673,214,000. Franklin Resources Inc. increased its holdings in Resideo Technologies by 1,325.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock worth $81,553,000 after purchasing an additional 1,756,131 shares during the period. Clayton Dubilier & Rice LLC raised its position in Resideo Technologies by 12.7% during the 4th quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock valued at $525,962,000 after purchasing an additional 1,689,758 shares in the last quarter. Pzena Investment Management LLC bought a new stake in Resideo Technologies during the 2nd quarter valued at $52,458,000. Finally, Sachem Head Capital Management LP purchased a new stake in shares of Resideo Technologies in the 4th quarter worth $57,070,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

About Resideo Technologies

(Get Free Report)

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.

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