Principal Financial Group Inc. Grows Position in Resideo Technologies, Inc. (NYSE:REZI)

Principal Financial Group Inc. lifted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 794,943 shares of the company's stock after acquiring an additional 20,301 shares during the period. Principal Financial Group Inc. owned 0.54% of Resideo Technologies worth $14,070,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in REZI. Quarry LP acquired a new stake in shares of Resideo Technologies during the fourth quarter valued at $28,000. Versant Capital Management Inc boosted its stake in shares of Resideo Technologies by 52.1% during the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock valued at $56,000 after acquiring an additional 1,087 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Resideo Technologies by 705.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after acquiring an additional 4,165 shares during the last quarter. Natixis acquired a new stake in shares of Resideo Technologies during the fourth quarter valued at $115,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Resideo Technologies during the fourth quarter valued at $119,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price target on Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd.

Resideo Technologies Trading Up 1.3%

NYSE:REZI traded up $0.30 during mid-day trading on Wednesday, reaching $23.38. The company's stock had a trading volume of 952,356 shares, compared to its average volume of 1,021,200. The company's fifty day simple moving average is $21.57 and its two-hundred day simple moving average is $20.14. 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 twelve month low of $14.18 and a twelve month high of $28.28. The stock has a market cap of $3.47 billion, a P/E ratio of 73.05 and a beta of 2.15.

Insider Transactions at Resideo Technologies

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

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.