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

Principal Financial Group Inc. cut its stake in shares of Resideo Technologies, Inc. (NYSE:REZI – Get Rating) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 891,070 shares of the company’s stock after selling 6,242 shares during the quarter. Principal Financial Group Inc.’s holdings in Resideo Technologies were worth $14,658,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bartlett & Co. LLC lifted its holdings in shares of Resideo Technologies by 179.3% in the fourth quarter. Bartlett & Co. LLC now owns 2,000 shares of the company’s stock valued at $33,000 after purchasing an additional 1,284 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Resideo Technologies by 539.9% in the third quarter. Quadrant Capital Group LLC now owns 1,862 shares of the company’s stock valued at $35,000 after purchasing an additional 1,571 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Resideo Technologies in the third quarter valued at $47,000. Ronald Blue Trust Inc. lifted its holdings in shares of Resideo Technologies by 38.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 2,520 shares of the company’s stock valued at $48,000 after purchasing an additional 697 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of Resideo Technologies by 32.5% in the fourth quarter. Whittier Trust Co. now owns 3,287 shares of the company’s stock valued at $54,000 after purchasing an additional 807 shares in the last quarter. 91.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on REZI shares. TheStreet upgraded Resideo Technologies from a “c+” rating to a “b-” rating in a report on Tuesday, February 21st. William Blair reiterated a “market perform” rating on shares of Resideo Technologies in a report on Wednesday, February 15th.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, Director Nina Richardson sold 3,458 shares of the firm’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $18.78, for a total transaction of $64,941.24. Following the transaction, the director now directly owns 47,731 shares in the company, valued at $896,388.18. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Resideo Technologies news, Director Nina Richardson sold 3,458 shares of the firm’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $18.78, for a total transaction of $64,941.24. Following the transaction, the director now directly owns 47,731 shares in the company, valued at $896,388.18. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeannine J. Lane sold 14,903 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $18.39, for a total value of $274,066.17. Following the transaction, the executive vice president now owns 118,600 shares in the company, valued at $2,181,054. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $16.52 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.01 and a debt-to-equity ratio of 0.54. Resideo Technologies, Inc. has a 1 year low of $14.95 and a 1 year high of $24.77. The business has a fifty day simple moving average of $17.30 and a 200 day simple moving average of $17.35. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 9.78 and a beta of 1.95.

Resideo Technologies (NYSE:REZI – Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. Resideo Technologies had a return on equity of 10.27% and a net margin of 3.95%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. As a group, sell-side analysts predict that Resideo Technologies, Inc. will post 1.91 earnings per share for the current fiscal year.

Resideo Technologies Profile

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Resideo Technologies, Inc operates as a manufacturer and developer of technology-driven products and components that provide critical comfort, energy management, and safety and security solutions. It operates through the Products and Solutions and ADI Global Distribution segments. The Products and Solutions segment includes temperature and humidity control, energy products and solutions, water and air solutions, smoke and carbon monoxide detection home safety products, security panels, sensors, peripherals, wire and cable, communications devices, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software.