Principal Financial Group Inc. Boosts Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Principal Financial Group Inc. increased its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 3.1% during the third quarter, Holdings Channel reports. The firm owned 742,628 shares of the company’s stock after acquiring an additional 22,353 shares during the quarter. Principal Financial Group Inc.’s holdings in Resideo Technologies were worth $14,957,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in REZI. Nilsine Partners LLC increased its stake in Resideo Technologies by 3.3% in the 2nd quarter. Nilsine Partners LLC now owns 14,256 shares of the company’s stock worth $279,000 after acquiring an additional 452 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Resideo Technologies by 3.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company’s stock worth $268,000 after acquiring an additional 454 shares during the last quarter. GAMMA Investing LLC increased its stake in Resideo Technologies by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock worth $31,000 after acquiring an additional 531 shares during the last quarter. Arizona State Retirement System increased its stake in Resideo Technologies by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 40,683 shares of the company’s stock worth $796,000 after acquiring an additional 535 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in Resideo Technologies by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 41,904 shares of the company’s stock worth $820,000 after acquiring an additional 705 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Evercore ISI assumed coverage on Resideo Technologies in a research report on Friday, August 9th. They set an “outperform” rating and a $25.00 target price on the stock.

Resideo Technologies Stock Performance

Shares of Resideo Technologies stock opened at $25.78 on Friday. The stock’s fifty day moving average is $20.57 and its two-hundred day moving average is $20.42. The company has a market capitalization of $3.79 billion, a PE ratio of 23.23 and a beta of 2.09. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. Resideo Technologies, Inc. has a 52 week low of $16.05 and a 52 week high of $25.80.

Resideo Technologies Company 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.