Key Points
- Channel Holdings II L.P. (CD&R) has been buying heavily in Resideo, most recently purchasing 333,000 shares at $30.69 on Nov 10 for $10.22M and following with larger buys Nov 11–13, bringing its stake to 13,603,734 shares (≈$417.5M) and increasing its position by ~2.5%.
- Resideo fundamentals and market view: Q3 EPS beat at $0.89 (vs. $0.71 est.) with revenue $1.86B slightly below estimates, FY2025 EPS guidance of 2.57–2.67, yet the stock is down ~2.3% and analyst consensus is a "Hold" with an average target of $34.67.
Resideo Technologies, Inc. (NYSE:REZI - Get Free Report) major shareholder Channel Holdings Ii L.P. Cd&R purchased 333,000 shares of the stock in a transaction on Monday, November 10th. The shares were purchased at an average price of $30.69 per share, with a total value of $10,219,770.00. Following the acquisition, the insider owned 13,603,734 shares in the company, valued at approximately $417,498,596.46. The trade was a 2.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Channel Holdings Ii L.P. Cd&R also recently made the following trade(s):
- On Thursday, November 13th, Channel Holdings Ii L.P. Cd&R acquired 566,758 shares of Resideo Technologies stock. The shares were purchased at an average price of $31.82 per share, with a total value of $18,034,239.56.
- On Wednesday, November 12th, Channel Holdings Ii L.P. Cd&R bought 400,000 shares of Resideo Technologies stock. The stock was purchased at an average price of $32.02 per share, for a total transaction of $12,808,000.00.
- On Tuesday, November 11th, Channel Holdings Ii L.P. Cd&R purchased 390,000 shares of Resideo Technologies stock. The shares were acquired at an average price of $30.54 per share, with a total value of $11,910,600.00.
- On Wednesday, September 3rd, Channel Holdings Ii L.P. Cd&R acquired 228,573 shares of Resideo Technologies stock. The stock was acquired at an average cost of $33.63 per share, with a total value of $7,686,909.99.
- On Tuesday, September 2nd, Channel Holdings Ii L.P. Cd&R acquired 180,000 shares of Resideo Technologies stock. The stock was acquired at an average cost of $33.55 per share, for a total transaction of $6,039,000.00.
- On Monday, August 25th, Channel Holdings Ii L.P. Cd&R bought 12,327 shares of Resideo Technologies stock. The shares were acquired at an average price of $33.95 per share, for a total transaction of $418,501.65.
- On Friday, August 22nd, Channel Holdings Ii L.P. Cd&R bought 34,626 shares of Resideo Technologies stock. The stock was acquired at an average price of $33.41 per share, with a total value of $1,156,854.66.
- On Thursday, August 21st, Channel Holdings Ii L.P. Cd&R purchased 250,000 shares of Resideo Technologies stock. The stock was acquired at an average cost of $32.16 per share, for a total transaction of $8,040,000.00.
- On Wednesday, August 20th, Channel Holdings Ii L.P. Cd&R purchased 297,000 shares of Resideo Technologies stock. The shares were acquired at an average price of $31.94 per share, for a total transaction of $9,486,180.00.
- On Tuesday, August 19th, Channel Holdings Ii L.P. Cd&R acquired 135,641 shares of Resideo Technologies stock. The shares were bought at an average cost of $32.41 per share, with a total value of $4,396,124.81.
Resideo Technologies Stock Down 2.3%
Resideo Technologies stock opened at $31.07 on Friday. The company has a market capitalization of $4.65 billion, a PE ratio of -6.64 and a beta of 2.22. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $45.29. The firm's fifty day moving average is $39.98 and its 200 day moving average is $29.73. The company has a quick ratio of 1.07, a current ratio of 1.88 and a debt-to-equity ratio of 1.38.
Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.18. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS. Q4 2025 guidance at 0.420-0.520 EPS. As a group, sell-side analysts predict that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.
Hedge Funds Weigh In On Resideo Technologies
Several institutional investors have recently modified their holdings of REZI. ORG Partners LLC increased its position in shares of Resideo Technologies by 588.2% during the third quarter. ORG Partners LLC now owns 585 shares of the company's stock valued at $25,000 after acquiring an additional 500 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Resideo Technologies by 1,778.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company's stock worth $27,000 after purchasing an additional 587 shares during the period. Headlands Technologies LLC bought a new stake in shares of Resideo Technologies during the 2nd quarter worth $34,000. Jones Financial Companies Lllp boosted its holdings in shares of Resideo Technologies by 128.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 934 shares of the company's stock worth $39,000 after buying an additional 525 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Resideo Technologies by 20,133.3% during the first quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock valued at $43,000 after buying an additional 2,416 shares during the period. 91.71% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on REZI shares. Wall Street Zen lowered Resideo Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, November 8th. Morgan Stanley upgraded shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $24.00 to $35.00 in a research note on Tuesday, August 12th. Weiss Ratings restated a "sell (d+)" rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Oppenheimer lifted their price objective on shares of Resideo Technologies from $35.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, September 19th. Finally, Zacks Research downgraded shares of Resideo Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $34.67.
Check Out Our Latest Research Report on REZI
About Resideo Technologies
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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.
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