Principal Financial Group Inc. Acquires 22,353 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Principal Financial Group Inc. grew its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 742,628 shares of the company's stock after acquiring an additional 22,353 shares during the quarter. Principal Financial Group Inc. owned 0.51% of Resideo Technologies worth $14,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Resideo Technologies by 50.0% during the second quarter. GAMMA Investing LLC now owns 1,592 shares of the company's stock worth $31,000 after purchasing an additional 531 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Resideo Technologies by 1,740.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,135 shares of the company's stock worth $43,000 after buying an additional 2,019 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Resideo Technologies by 55.0% in the third quarter. Blue Trust Inc. now owns 2,515 shares of the company's stock valued at $49,000 after acquiring an additional 892 shares in the last quarter. Quarry LP increased its position in shares of Resideo Technologies by 79.7% during the second quarter. Quarry LP now owns 2,892 shares of the company's stock valued at $57,000 after acquiring an additional 1,283 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Resideo Technologies during the first quarter worth $70,000. Institutional investors own 91.71% of the company's stock.

Resideo Technologies Stock Performance

REZI traded up $0.42 during midday trading on Friday, reaching $25.78. The company had a trading volume of 964,515 shares, compared to its average volume of 872,612. Resideo Technologies, Inc. has a 12-month low of $16.05 and a 12-month high of $25.80. The business has a 50-day moving average price of $20.57 and a two-hundred day moving average price of $20.43. The stock has a market cap of $3.79 billion, a PE ratio of 23.23 and a beta of 2.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82.

Wall Street Analyst Weigh In

Separately, Evercore ISI initiated coverage on Resideo Technologies in a research report on Friday, August 9th. They set an "outperform" rating and a $25.00 target price for the company.

Resideo Technologies Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.