Resideo Technologies, Inc. $REZI is Beaconlight Capital LLC’s Largest Position

by · The Markets Daily

Beaconlight Capital LLC decreased its position in shares of Resideo Technologies, Inc. (NYSE:REZI – Free Report) by 22.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 820,652 shares of the company’s stock after selling 242,820 shares during the quarter. Resideo Technologies makes up approximately 10.3% of Beaconlight Capital LLC’s portfolio, making the stock its largest holding. Beaconlight Capital LLC’s holdings in Resideo Technologies were worth $18,104,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Ariel Investments LLC raised its holdings in shares of Resideo Technologies by 5.1% in the first quarter. Ariel Investments LLC now owns 9,664,671 shares of the company’s stock valued at $171,065,000 after buying an additional 465,571 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Resideo Technologies by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 8,205,405 shares of the company’s stock worth $145,234,000 after acquiring an additional 223,063 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Resideo Technologies by 9.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 8,196,828 shares of the company’s stock worth $145,084,000 after acquiring an additional 683,714 shares in the last quarter. Clayton Dubilier & Rice LLC acquired a new stake in Resideo Technologies in the second quarter valued at $127,290,000. Finally, Geode Capital Management LLC boosted its position in shares of Resideo Technologies by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,501,932 shares of the company’s stock worth $77,261,000 after purchasing an additional 55,666 shares in the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Trading Down 0.1%

Shares of REZI opened at $36.20 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.88 and a quick ratio of 1.07. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $45.29. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of -7.74 and a beta of 1.74. The firm has a 50 day simple moving average of $36.92 and a 200-day simple moving average of $31.69.

Resideo Technologies (NYSE:REZI – Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.18. The firm had revenue of $1.86 billion for 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%.During the same quarter in the prior year, the firm earned $0.58 EPS. Resideo Technologies’s quarterly revenue was up 2.0% on a year-over-year basis. 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. Equities analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on REZI shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Wall Street Zen cut shares of Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Oppenheimer boosted their price target on Resideo Technologies from $35.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Finally, Zacks Research downgraded Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.67.

Get Our Latest Stock Analysis on REZI

Insider Transactions at Resideo Technologies

In other news, major shareholder Channel Holdings Ii L.P. Cd&R bought 566,758 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $31.82 per share, with a total value of $18,034,239.56. Following the purchase, the insider 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrew C. Teich purchased 8,149 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $30.68 per share, for a total transaction of $250,011.32. Following the completion of the purchase, the director directly owned 340,621 shares in the company, valued at $10,450,252.28. The trade was a 2.45% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 1,697,907 shares of company stock valued at $53,222,621. 1.50% of the stock is currently owned by company insiders.

About Resideo Technologies

(Free Report)

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.

Further Reading

Want to see what other hedge funds are holding REZI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Resideo Technologies, Inc. (NYSE:REZI – Free Report).