Resideo’s Curious Climb

by

Now, listen closely. There’s a rather peculiar thing happening with a company called Resideo Technologies. A clever chap – or rather, a fund called Alta Fox – has decided to stuff a whopping $44.49 million into Resideo’s pockets. That’s a lot of pennies, even for a grown-up! They’ve acquired 1,266,700 shares, you see, which is like collecting 1,266,700 particularly shiny marbles.

What’s Been Going On?

Alta Fox, a fund with a nose for interesting investments, has decided Resideo is worth a closer look. They’ve plunked down this sizable sum, causing a bit of a stir in the market. It’s like tossing a pebble into a very still pond – ripples are bound to form. The shares, naturally, have been doing a little jig – up 66.68% over the past year, which is quite a leap, even for a kangaroo.

A Bit More to Chew On

  • This isn’t just a casual flutter; Alta Fox now owns 9.57% of Resideo. That’s a significant chunk, like a greedy giant claiming a rather large slice of cake.
  • Their top holdings, if you’re curious, are a bit of a peculiar bunch:
    • NYSE: NATL: $74.35 million (a rather plump sum)
    • NASDAQ: DAKT: $73.81 million (almost as plump)
    • NASDAQ: XPEL: $72.00 million (still quite round)
    • NASDAQ: CARG: $48.84 million (a respectable size)
    • NASDAQ: BTSG: $46.34 million (not to be sniffed at)
  • As of February 12th, 2026, Resideo’s shares were priced at $35.57. They’ve outpaced the S&P 500 by a rather smug 53.78 percentage points.

A Peek Behind the Curtain

Metric Value
Revenue (TTM) $6.76 billion
Net Income (TTM) $116.00 million
Price (as of market close 2/12/26) $35.57
One-Year Price Change 66.68%

What Does Resideo Actually Do?

  • Resideo Technologies provides all sorts of clever contraptions for making homes comfortable and secure. Think thermostats, security panels, and bits and bobs that control temperature and humidity. They’re rather good at it, though they mostly sell it all under the Honeywell Home brand.
  • They have two main divisions: one that makes the gadgets (Products & Solutions) and another that distributes them (ADI Global Distribution). It’s a bit like a factory and a delivery service all rolled into one.
  • They sell their wares to builders, service providers, and ordinary folk like you and me, both here in the States and across the globe.

Resideo, you see, is a bit of a master of making homes clever. They have a knack for building things and getting them into the right hands. It’s a rather solid business, though not terribly exciting.

What This Means for Those Who Like to Watch Numbers

Capital, it seems, is flowing towards companies that are quietly improving their profits – even if their sales aren’t shooting for the moon. And that’s what makes this investment in Resideo rather intriguing. In the third quarter, Resideo managed $1.86 billion in revenue – a small hop of 2% – but alongside a record net income of $156 million (a whopping 680% jump!) and record adjusted EBITDA of $229 million (up 21%). Their gross margin hit a record 29.8%, expanding in both divisions. They’ve also predicted revenue of $7.43 to $7.47 billion for the full year, and up to $832 million in adjusted EBITDA.

With nearly 10% of their portfolio tied up in Resideo, alongside other focused bets like NATL and DAKT, Alta Fox isn’t spreading their pennies around like confetti. For long-term investors, the takeaway is simple: steady profit growth, careful execution, and a potential separation of their two business units could unlock even more value if management doesn’t fumble the ball.

Read More

2026-02-16 22:43