Resideo Technologies, Inc. (NYSE:REZI) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 742,628 shares of the company's stock after acquiring an additional 22,353 shares during the period. 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 hedge funds also recently made changes to their positions in REZI. Franklin Resources Inc. boosted its position in shares of Resideo Technologies by 45.3% in the 3rd quarter. Franklin Resources Inc. now owns 171,792 shares of the company's stock valued at $3,592,000 after purchasing an additional 53,541 shares during the period. Geode Capital Management LLC lifted its stake in Resideo Technologies by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company's stock valued at $67,759,000 after buying an additional 26,000 shares during the last quarter. Vestcor Inc boosted its holdings in shares of Resideo Technologies by 287.6% in the third quarter. Vestcor Inc now owns 33,826 shares of the company's stock valued at $681,000 after acquiring an additional 25,100 shares during the period. Barclays PLC grew its position in shares of Resideo Technologies by 358.9% during the third quarter. Barclays PLC now owns 262,698 shares of the company's stock worth $5,290,000 after acquiring an additional 205,453 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Resideo Technologies in the 3rd quarter valued at $589,000. Hedge funds and other institutional investors own 91.71% of the company's stock.

Resideo Technologies Stock Performance

REZI stock traded down $0.81 on Friday, hitting $23.48. The company's stock had a trading volume of 532,790 shares, compared to its average volume of 904,808. Resideo Technologies, Inc. has a 1 year low of $16.36 and a 1 year high of $28.28. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 21.15 and a beta of 2.17. The firm has a 50 day moving average of $24.44 and a two-hundred day moving average of $21.46.

Insider Activity

In related news, insider Robert B. Aarnes sold 98,829 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total transaction of $2,585,366.64. Following the completion of the sale, the insider now directly owns 458,928 shares of the company's stock, valued at $12,005,556.48. This trade represents a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company's stock.

About Resideo Technologies

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.