A. O. Smith Corp (AOS) : Keeley Asset Management Corp reduced its stake in A. O. Smith Corp by 10.81% during the most recent quarter end. The investment management company now holds a total of 514,412 shares of A. O. Smith Corp which is valued at $48,406,169 after selling 62,363 shares in A. O. Smith Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.A. O. Smith Corp makes up approximately 1.92% of Keeley Asset Management Corp’s portfolio.
Other Hedge Funds, Including , Nicholas Co Inc Wi sold out all of its stake in AOS during the most recent quarter. The investment firm sold 72,275 shares of AOS which is valued $6,801,078.Blackrock Japan Ltd boosted its stake in AOS in the latest quarter, The investment management firm added 94,707 additional shares and now holds a total of 102,641 shares of A. O. Smith Corp which is valued at $9,658,518. A. O. Smith Corp makes up approx 0.03% of Blackrock Japan Ltd’s portfolio.Trust Investment Advisors reduced its stake in AOS by selling 250 shares or 2.97% in the most recent quarter. The Hedge Fund company now holds 8,180 shares of AOS which is valued at $775,955. A. O. Smith Corp makes up approx 0.86% of Trust Investment Advisors’s portfolio.Swiss National Bank boosted its stake in AOS in the latest quarter, The investment management firm added 85,800 additional shares and now holds a total of 209,600 shares of A. O. Smith Corp which is valued at $19,545,200. A. O. Smith Corp makes up approx 0.03% of Swiss National Bank’s portfolio.
A. O. Smith Corp opened for trading at $95.65 and hit $97.13 on the upside on Monday, eventually ending the session at $96.63, with a gain of 1.37% or 1.31 points. The heightened volatility saw the trading volume jump to 5,12,592 shares. Company has a market cap of $8,431 M.
On the company’s financial health, A. O. Smith Corp reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.91. The company had revenue of $667.00 million for the quarter, compared to analysts expectations of $694.03 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.
Many Wall Street Analysts have commented on A. O. Smith Corp. A. O. Smith Corp was Initiated by Longbow to “Neutral” on Jun 17, 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.