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

Principal Financial Group Inc. grew its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 742,628 shares of the company’s stock after purchasing an additional 22,353 shares during the quarter. Principal Financial Group Inc. owned approximately 0.51% of Resideo Technologies worth $14,957,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in REZI. Pacer Advisors Inc. boosted its stake in shares of Resideo Technologies by 14.8% during the second quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock valued at $119,400,000 after purchasing an additional 787,934 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Resideo Technologies by 53.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock valued at $23,753,000 after buying an additional 422,730 shares during the period. Dimensional Fund Advisors LP lifted its position in Resideo Technologies by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after buying an additional 397,864 shares during the period. Cubist Systematic Strategies LLC lifted its position in Resideo Technologies by 167.2% during the second quarter. Cubist Systematic Strategies LLC now owns 542,409 shares of the company’s stock valued at $10,610,000 after buying an additional 339,434 shares during the period. Finally, Pembroke Management LTD purchased a new position in Resideo Technologies during the third quarter valued at $5,927,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Analysts Set New Price Targets

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

Resideo Technologies Price Performance

NYSE REZI opened at $25.78 on Friday. Resideo Technologies, Inc. has a one year low of $16.05 and a one year high of $25.80. The stock has a 50-day moving average of $20.57 and a 200 day moving average of $20.42. The company has a market capitalization of $3.79 billion, a price-to-earnings 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.

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.