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Vise Technologies Inc. Invests $230,000 in Resideo Technologies, Inc. (NYSE:REZI)

Defense World ·  Sep 17, 2022 05:52

Vise Technologies Inc. acquired a new position in shares of Resideo Technologies, Inc. (NYSE:REZI – Get Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,637 shares of the company's stock, valued at approximately $230,000.

A number of other hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in Resideo Technologies by 422.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,129 shares of the company's stock worth $27,000 after purchasing an additional 913 shares during the period. West Bancorporation Inc. grew its stake in Resideo Technologies by 134.0% during the first quarter. West Bancorporation Inc. now owns 1,163 shares of the company's stock worth $28,000 after purchasing an additional 666 shares during the period. Parkside Financial Bank & Trust grew its stake in Resideo Technologies by 296.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,430 shares of the company's stock worth $37,000 after purchasing an additional 1,069 shares during the period. Meeder Asset Management Inc. acquired a new stake in Resideo Technologies during the first quarter worth approximately $38,000. Finally, Whittier Trust Co. grew its stake in Resideo Technologies by 175.2% during the first quarter. Whittier Trust Co. now owns 2,094 shares of the company's stock worth $50,000 after purchasing an additional 1,333 shares during the period. 93.40% of the stock is currently owned by institutional investors.

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Resideo Technologies Trading Up 0.0 %

NYSE REZI opened at $20.17 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.57 and a quick ratio of 0.96. Resideo Technologies, Inc. has a one year low of $18.36 and a one year high of $28.35. The business has a 50 day simple moving average of $21.67 and a 200 day simple moving average of $22.58. The stock has a market capitalization of $2.94 billion, a P/E ratio of 9.51 and a beta of 2.18.

Resideo Technologies (NYSE:REZI – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. Resideo Technologies had a return on equity of 13.79% and a net margin of 5.14%. The firm had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. Research analysts expect that Resideo Technologies, Inc. will post 2.38 earnings per share for the current year.

Resideo Technologies Company Profile

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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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