Resideo Technologies sees mixed analyst ratings and notable institutional buying

Resideo Technologies (NYSE: REZI) received an average "Hold" rating from four analysts, with two rating the stock as a Buy and two as a Sell. The consensus 12‑month price target was $46.50. Analyst actions included Morgan Stanley lowering its target to $45 and assigning an "overweight" rating, Zacks cutting its rating to "strong sell," Weiss Ratings issuing a "sell (d+)" rating, and Seaport Research Partners initiating coverage with a Buy rating and a $55 target.

Institutional investors added to their holdings, most prominently HSBC Holdings plc, which increased its stake by 659% in the first quarter to 50,832 shares worth about $1.71 million. Other funds such as Sound Income Strategies, Danske Bank, Larson Financial Group, McMillan Office, and Kestra Advisory Services also reported new or increased positions. Overall, hedge funds and institutional investors now own roughly 91.7% of Resideo’s outstanding shares. The stock opened at $34.57, with a 50‑day simple moving average of $31.68 and a 200‑day average of $34.77.