Lbmc Investment Advisors buys $2,484,672 stake in A. O. Smith Corp (AOS)

A. O. Smith Corp (AOS) : Lbmc Investment Advisors scooped up 95 additional shares in A. O. Smith Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 31,753 shares of A. O. Smith Corp which is valued at $2,484,672.A. O. Smith Corp makes up approximately 0.52% of Lbmc Investment Advisors’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c reduced its stake in AOS by selling 3,714 shares or 25.31% in the most recent quarter. The Hedge Fund company now holds 10,959 shares of AOS which is valued at $857,542. A. O. Smith Corp makes up approx 0.11% of Spot Trading L.l.c’s portfolio.New York State Common Retirement Fund boosted its stake in AOS in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 198,150 shares of A. O. Smith Corp which is valued at $15,441,830. A. O. Smith Corp makes up approx 0.02% of New York State Common Retirement Fund’s portfolio.Proshare Advisors boosted its stake in AOS in the latest quarter, The investment management firm added 4,897 additional shares and now holds a total of 17,212 shares of A. O. Smith Corp which is valued at $1,341,331. A. O. Smith Corp makes up approx 0.02% of Proshare Advisors’s portfolio.State Treasurer State Of Michigan boosted its stake in AOS in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 29,800 shares of A. O. Smith Corp which is valued at $2,322,314. A. O. Smith Corp makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.Dupont Capital Management Corp reduced its stake in AOS by selling 1,500 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 102,400 shares of AOS which is valued at $7,907,328. A. O. Smith Corp makes up approx 0.18% of Dupont Capital Management Corp’s portfolio.

A. O. Smith Corp opened for trading at $78.43 and hit $79.395 on the upside on Monday, eventually ending the session at $79.05, with a gain of 1.02% or 0.8 points. The heightened volatility saw the trading volume jump to 7,54,303 shares. Company has a market cap of $6,920 M.

On the company’s financial health, A. O. Smith Corp reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.77. The company had revenue of $636.90 million for the quarter, compared to analysts expectations of $644.96 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on A. O. Smith Corp. A. O. Smith Corp was Initiated by Northcoast to “Buy” on Mar 8, 2016.

A. O. Smith Corporation operates its business through two segments which include North America and Rest of World. Both segments manufacture and market a range of residential gas gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment condensing and non-condensing boilers and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products including water heaters boilers and others. The Rest of World segment manufactures and markets water treatment products primarily in Asia. The Rest of World segment includes China Europe and India. The Company supplies water heaters to the residential market in China with a range of product offering including electric gas gas tankless heat pump and solar units as well as combi boilers.

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