Resideo Technologies Inc. (REZI) Unveils Honeywell Home X8S Smart Thermostat with Live Video Streaming Capability

Resideo Technologies Inc. (NYSE:REZI) is one of the best industrial stocks to buy according to Wall Street analysts. Resideo Technologies Inc. (NYSE:REZI) holds a consensus Moderate Buy rating with a $44 average target, implying 30.45% upside potential.

On December 3, Resideo Technologies Inc. unveiled a new X8S thermostat designed to enhance live video streaming from compatible doorbell cameras. Priced at $219.99, it comes with a 5-inch touchscreen that lets users view video feeds from Ring doorbells. It also includes monitoring capabilities for indoor air quality factors such as humidity and estimated carbon dioxide levels. The Honeywell Home X8S Smart Thermostat is designed for customers seeking a sleek, modern design and an energy-efficient solution. It’s Matter-certified and compatible with Amazon Alexa and Apple Home for easy voice control.

Earlier on November 12, Resideo Technologies shared its strategy at the Baird Global Industrial Conference, where CFO Mike Carlet said the company plans to separate the Products and Solutions unit from the ADI distribution business to give investors a clearer view of each operation. The firm is dealing with short term pressure from the new ERP system at ADI, which cut EBITDA by about 15 million dollars in the third quarter and is expected to do the same in the fourth, along with a drop in HVAC related air product sales. Even so, Resideo posted $7.5 billion in revenue and a 10.5% adjusted EBITDA margin over the past year.

Leadership remains upbeat, pointing to growth in non HVAC products, the launch of the Elite Pro thermostat aimed at rivals like Nest and Ecobee, and ADI’s margin goals following the Snap One deal. The company expects mid single digit revenue growth and better margins over the next several years, supported by the business separation, supply chain improvements, new products, and a solid balance sheet.

Resideo Technologies, Inc. (NYSE:REZI) makes smart home technology for comfort, energy management, and safety, including thermostats (Honeywell Home), smoke detectors, security systems, and water management, and also operates ADI Global Distribution, a major wholesale distributor of security, fire, and low-voltage products to professionals worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.