Resideo Technologies, Inc. (NYSE:REZI) Holdings Raised by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in Resideo Technologies, Inc. (NYSE:REZI) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 774,642 shares of the company’s stock after purchasing an additional 32,014 shares during the quarter. Principal Financial Group Inc.’s holdings in Resideo Technologies were worth $17,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of REZI. R Squared Ltd acquired a new position in shares of Resideo Technologies in the fourth quarter worth about $30,000. International Assets Investment Management LLC lifted its position 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 valued at $43,000 after acquiring an additional 2,019 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Resideo Technologies by 55.0% in the 3rd 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. GAMMA Investing LLC boosted its stake in Resideo Technologies by 19.8% in the 4th quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock worth $90,000 after purchasing an additional 647 shares during the period. Finally, KBC Group NV grew its position in Resideo Technologies by 85.4% during the 4th quarter. KBC Group NV now owns 7,345 shares of the company’s stock worth $169,000 after purchasing an additional 3,384 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Price Performance

REZI opened at $19.52 on Tuesday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 30.98 and a beta of 2.16. The stock has a fifty day moving average of $22.71 and a 200-day moving average of $22.06. 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 12-month low of $17.43 and a 12-month high of $28.28.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.08). Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Equities analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

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.