Principal Financial Group Inc. Acquires 20,301 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Principal Financial Group Inc. increased its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 794,943 shares of the company’s stock after buying an additional 20,301 shares during the period. Principal Financial Group Inc. owned 0.54% of Resideo Technologies worth $14,070,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of REZI. Boston Partners boosted its holdings in shares of Resideo Technologies by 25.1% during the 4th quarter. Boston Partners now owns 9,797,883 shares of the company’s stock worth $225,865,000 after buying an additional 1,966,706 shares during the period. Norges Bank bought a new stake in shares of Resideo Technologies during the 4th quarter worth $40,596,000. Federated Hermes Inc. bought a new stake in shares of Resideo Technologies during the 4th quarter worth $35,542,000. Nuveen Asset Management LLC boosted its holdings in shares of Resideo Technologies by 32.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company’s stock worth $53,496,000 after buying an additional 567,800 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Resideo Technologies during the 4th quarter worth $5,914,000. 91.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price objective on shares of Resideo Technologies from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, June 3rd.

Insiders Place Their Bets

In other news, Director Nina Richardson sold 2,790 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $23.68, for a total value of $66,067.20. Following the completion of the transaction, the director owned 64,008 shares in the company, valued at approximately $1,515,709.44. This represents a 4.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of Resideo Technologies stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $17.38 per share, with a total value of $100,013,227.38. Following the completion of the acquisition, the insider directly owned 5,754,501 shares in the company, valued at $100,013,227.38. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is owned by corporate insiders.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock opened at $23.74 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.94 and a quick ratio of 1.16. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. The firm has a fifty day moving average price of $21.34 and a two-hundred day moving average price of $20.14. The company has a market cap of $3.53 billion, a PE ratio of 74.19 and a beta of 2.15.

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.