Resideo Technologies, Inc. (NYSE:REZI) Stock Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 774,642 shares of the company’s stock after buying an additional 32,014 shares during the quarter. Principal Financial Group Inc. owned about 0.53% of Resideo Technologies worth $17,855,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in Resideo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,060,486 shares of the company’s stock worth $162,338,000 after purchasing an additional 159,069 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Resideo Technologies during the 4th quarter valued at $122,145,000. Geode Capital Management LLC raised its stake in shares of Resideo Technologies by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company’s stock worth $67,759,000 after buying an additional 26,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Resideo Technologies by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,545,865 shares of the company’s stock valued at $31,134,000 after buying an additional 54,508 shares during the period. Finally, Beaconlight Capital LLC lifted its holdings in shares of Resideo Technologies by 64.9% in the third quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after buying an additional 428,669 shares during the period. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Price Performance

NYSE:REZI opened at $19.52 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The business’s 50-day moving average price is $22.71 and its 200 day moving average price is $22.06. Resideo Technologies, Inc. has a 52-week low of $17.43 and a 52-week high of $28.28. The firm has a market cap of $2.89 billion, a P/E ratio of 30.98 and a beta of 2.16.

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

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.