Principal Financial Group Inc. trimmed its stake in shares of Resideo Technologies, Inc. (NYSE:REZI – Get Rating) by 13.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 897,068 shares of the company's stock after selling 139,016 shares during the period. Principal Financial Group Inc. owned approximately 0.62% of Resideo Technologies worth $17,421,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Resideo Technologies by 2.1% during the first quarter. Vanguard Group Inc. now owns 15,677,719 shares of the company's stock worth $373,600,000 after purchasing an additional 326,608 shares in the last quarter. Ariel Investments LLC lifted its position in shares of Resideo Technologies by 48.9% during the first quarter. Ariel Investments LLC now owns 8,889,988 shares of the company's stock worth $211,848,000 after purchasing an additional 2,918,450 shares in the last quarter. Boston Partners lifted its holdings in Resideo Technologies by 17.4% in the first quarter. Boston Partners now owns 8,769,580 shares of the company's stock valued at $208,354,000 after buying an additional 1,300,455 shares during the period. Ninety One UK Ltd lifted its holdings in Resideo Technologies by 23.1% in the first quarter. Ninety One UK Ltd now owns 6,063,041 shares of the company's stock valued at $144,482,000 after buying an additional 1,136,811 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Resideo Technologies by 0.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 4,658,709 shares of the company's stock valued at $111,017,000 after buying an additional 38,558 shares during the period. 93.40% of the stock is currently owned by institutional investors and hedge funds.
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Shares of NYSE REZI opened at $16.24 on Wednesday. The company's 50 day simple moving average is $19.58 and its 200 day simple moving average is $21.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.59 and a quick ratio of 0.97. The firm has a market capitalization of $2.37 billion, a P/E ratio of 7.81 and a beta of 2.13. Resideo Technologies, Inc. has a fifty-two week low of $14.95 and a fifty-two week high of $28.35.
Resideo Technologies (NYSE:REZI – Get Rating) last posted its earnings results on Tuesday, November 1st. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.15). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.68 billion. Resideo Technologies had a return on equity of 13.22% and a net margin of 4.96%. On average, analysts predict that Resideo Technologies, Inc. will post 2.01 EPS for the current year.Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on REZI. Imperial Capital lowered shares of Resideo Technologies from an "outperform" rating to an "in-line" rating and set a $27.00 price objective on the stock. in a report on Wednesday, November 2nd. Morgan Stanley cut their price objective on shares of Resideo Technologies from $32.00 to $26.00 and set an "equal weight" rating on the stock in a report on Monday, October 17th.
About Resideo Technologies
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Resideo Technologies, Inc develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution.
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