Resideo Technologies

Resideo Technologies shares hit a 52-week low of $20.10; market capitalization is about $3.05 billion and the P/E ratio is 8.23. Despite the decline, InvestingPro lists the stock among heavily undervalued names with potential upside. Resideo beat Q2 2026 expectations with adjusted EPS of $0.83 (expectation $0.66) and revenue of $1.98 billion (expectation $1.93 billion), but warned of risks in H2 from rising input costs and problems with a key OEM customer. Oppenheimer cut its price target from $48 to $27 but kept an “Outperform” rating. » Plus sur de.investing.com

Resideo has completed the spin-off of ADI Global Distribution and distributed ADI shares to Resideo shareholders at a ratio of one for two; ADI began trading under the ticker symbol ADIG. As part of the transaction, Resideo paid down $900 million of its term loan B facility and plans an additional repayment of about $200 million by the end of Q3 following completion of the cash adjustment with ADI. The number of outstanding cumulative, convertible Series A preferred shares was reduced by 150,000 to 350,000, with the conversion price adjusted accordingly. Resideo remains focused as a pure-play building technologies provider with brands such as BRK, First Alert and Honeywell Home. » Plus sur de.investing.com

Resideo’s board has set July 20, 2026 as the record date for the spinoff of ADI Global Distribution; ADI shares will be allocated on August 3, 2026 (ratio: one ADI share for every two Resideo shares held) and ADI is expected to begin trading under the ticker ADIG on August 4, 2026. ADI has completed financings, including a senior note of USD 400 million at 7.125% interest, a USD 600 million term loan and a USD 500 million revolver; proceeds will be used for a distribution to Resideo and spinoff costs. The spinoff is expected to be tax-free for Resideo shareholders under US federal tax law (except for cash-in-lieu for fractional shares) and remains subject to certain customary contractual conditions; When‑Issued trading for ADIG WI is expected around July 29. » Plus sur de.investing.com