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Three entities, CD&R Channel Holdings II, L.P., CD&R Investment Associates XII, Ltd., and CD&R Associates XII, L.P., all identified as 10% owners of Resideo Technologies Inc (NYSE:REZI), collectively purchased shares of common stock worth approximately $20.6 million. The purchases, executed between August 14 and August 18, 2025, were made at prices ranging from $31.4172 to $31.8884.
On August 14, the entities acquired 203,161 shares at an average price of $31.8884, in multiple transactions at prices ranging from $31.635 to $32.00. This brought their total holdings to 11,681,704 shares.
The buying continued on August 15, with the purchase of 339,863 shares at an average price of $31.4172, in multiple transactions at prices ranging from $31.045 to $32.00, increasing their holdings to 12,021,567 shares.
The final transaction occurred on August 18, with the acquisition of 111,000 shares at an average price of $31.6568, in multiple transactions at prices ranging from $31.37 to $31.855, resulting in a total of 12,132,567 shares owned following the transaction.
CD&R Investment Associates XII, Ltd. serves as the general partner of CD&R Channel Holdings II, L.P. Investment and voting decisions are made by an investment committee of limited partners of CD&R Associates XII, L.P. The entities have disclaimed beneficial ownership except to the extent of their pecuniary interest.
The transactions were signed off by Rima Simson, Vice President, Treasurer, and Secretary.
In other recent news, Resideo Technologies reported robust financial results for the second quarter of 2025, surpassing both earnings and revenue expectations. The company achieved an earnings per share of $0.66, exceeding the anticipated $0.54, and generated revenue of $1.94 billion, which was higher than the forecasted $1.83 billion. These results highlight a significant 22.22% earnings surprise. Additionally, Resideo Technologies has now delivered nine consecutive quarters of gross margin expansion in its Products & Solutions segment. Morgan Stanley (NYSE:MS) took note of these strong earnings and upgraded Resideo Technologies from Equalweight to Overweight. The firm also raised its price target for the company to $35.00 from $24.00, citing the earnings potential as a key factor. This upgrade underscores the positive momentum following the company’s strongest quarter of organic revenue growth in 15 quarters.
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