Resideo Technologies (REZI) Stock Price, News & Analysis

Company Overview

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. The Products and Solutions segment provides temperature and humidity control, thermal and combustion solutions, water and indoor air quality solutions, energy products and solutions, water and air solutions, smoke and carbon monoxide detection home safety and fire suppression, security panels, sensors, peripherals, wire and cable, communications devices, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software products under the Honeywell Home brand as well as Resideo, Braukmann, First Alert, and BRK brands. The ADI Global Distribution segment engages in the distribution of security, fire, access control, and video products; and participates in the broader related markets of smart home, power, audio, ProAV, networking, communications, data communications, wire and cable, enterprise connectivity, and structured wiring products. The company sells its products and services through a network of professional contractors, distributors, and original equipment manufacturers, as well as retail and online merchants. Resideo Technologies, Inc. was incorporated in 2018 and is headquartered in Scottsdale, Arizona.

Key Stats

• Today's Range: $24.10 to $24.93
• 50-Day Range: $19.67 to $27.74
• 52-Week Range: $16.36 to $28.28
• Volume: 8.81 million shs
• Average Volume: 908,008 shs
• Market Capitalization: $3.60 billion
• P/E Ratio: 22.08
• Dividend Yield: N/A
• Price Target: $25.00
• Consensus Rating: Buy

Resideo Technologies Stock Analysis - MarketRank™

Resideo Technologies scored higher than 77% of companies evaluated by MarketBeat, and ranked 72nd out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Resideo Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Resideo Technologies has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 8.67%

Earnings Growth

Earnings for Resideo Technologies are expected to grow by 8.67% in the coming year, from $1.96 to $2.13 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Resideo Technologies is 22.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Resideo Technologies is 22.08, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Book Value per Share Ratio

Resideo Technologies has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.73% of the outstanding shares of Resideo Technologies have been sold short.

Short Interest Ratio / Days to Cover

Resideo Technologies has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Resideo Technologies has recently decreased by 7.64%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Resideo Technologies does not currently pay a dividend.

Dividend Growth

Resideo Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.7 / 5
• Environmental Score: -2.57

Percentage of Shares Shorted

1.73% of the outstanding shares of Resideo Technologies have been sold short.

Short Interest Ratio / Days to Cover

Resideo Technologies has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Resideo Technologies has recently decreased by 7.64%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.52

News Sentiment

Resideo Technologies has a news sentiment score of 1.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Resideo Technologies this week, compared to 3 articles on an average week.

Search Interest

6 people have searched for REZI on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Resideo Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Resideo Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,585,367.00 in company stock.

Percentage Held by Insiders

Only 1.50% of the stock of Resideo Technologies is held by insiders.

Percentage Held by Institutions

91.71% of the stock of Resideo Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

REZI Stock Analysis - Frequently Asked Questions

How have REZI shares performed this year?

Resideo Technologies' stock was trading at $18.82 at the beginning of the year. Since then, REZI stock has increased by 30.2% and is now trading at $24.51.
View the best growth stocks for 2024 here.

How were Resideo Technologies' earnings last quarter?

Resideo Technologies, Inc. (NYSE:REZI) issued its quarterly earnings data on Thursday, August, 8th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.20. The firm's quarterly revenue was down .8% compared to the same quarter last year.

Who are Resideo Technologies' major shareholders?

Resideo Technologies' top institutional shareholders include State Street Corp (5.48%), Geode Capital Management LLC (2.29%), Pzena Investment Management LLC (2.06%) and Charles Schwab Investment Management Inc. (1.06%). Insiders that own company stock include Robert B Aarnes, Phillip L Theodore, Jeannine J Lane, Tina M Beskid and Nina Richardson.
View institutional ownership trends.

How do I buy shares of Resideo Technologies?

Shares of REZI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Resideo Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Resideo Technologies investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), General Electric (GE), Netflix (NFLX) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Hardware
• Sub-Industry: Wholesale
• Current Symbol: NYSE:REZI
• CUSIP: N/A
• CIK: 1740332
• Web: www.resideo.com
• Phone: (408) 573-5340
• Fax: N/A
• Employees: 14,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $25.00
• High Stock Price Target: $25.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: +2.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.11
• Trailing P/E Ratio: 22.08
• Forward P/E Ratio: 12.51
• P/E Growth: N/A
• Net Income: $210 million
• Net Margins: 2.72%
• Pretax Margin: 4.30%
• Return on Equity: 10.97%
• Return on Assets: 4.20%

Debt

• Debt-to-Equity Ratio: 0.69
• Current Ratio: 1.82
• Quick Ratio: 1.10

Sales & Book Value

• Annual Sales: $6.44 billion
• Price / Sales: 0.56
• Cash Flow: $2.13 per share
• Price / Cash Flow: 11.53
• Book Value: $18.82 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 146,972,000
• Free Float: 144,767,000
• Market Cap: $3.60 billion
• Optionable: Optionable
• Beta: 2.17