Donaldson Capital Management buys $3,704,435 stake in A. O. Smith Corp (AOS)

A. O. Smith Corp (AOS) : Donaldson Capital Management scooped up 2,255 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 Aug 15, 2016. The investment management firm now holds a total of 39,367 shares of A. O. Smith Corp which is valued at $3,704,435.A. O. Smith Corp makes up approximately 0.49% of Donaldson Capital Management’s portfolio.

Other Hedge Funds, Including , Zacks Investment Management reduced its stake in AOS by selling 2,265 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 118,648 shares of AOS which is valued at $11,164,777. A. O. Smith Corp makes up approx 0.33% of Zacks Investment Management’s portfolio.Allianz Asset Management Ag boosted its stake in AOS in the latest quarter, The investment management firm added 6,577 additional shares and now holds a total of 317,913 shares of A. O. Smith Corp which is valued at $29,915,613. A. O. Smith Corp makes up approx 0.04% of Allianz Asset Management Ag’s portfolio.Aperio Group reduced its stake in AOS by selling 3,457 shares or 14.95% in the most recent quarter. The Hedge Fund company now holds 19,670 shares of AOS which is valued at $1,850,947. A. O. Smith Corp makes up approx 0.01% of Aperio Group’s portfolio.Smith Asset Management Group Lp boosted its stake in AOS in the latest quarter, The investment management firm added 1,257 additional shares and now holds a total of 173,639 shares of A. O. Smith Corp which is valued at $16,268,238. A. O. Smith Corp makes up approx 0.47% of Smith Asset Management Group Lp’s portfolio.Ls Investment Advisors boosted its stake in AOS in the latest quarter, The investment management firm added 5,128 additional shares and now holds a total of 8,164 shares of A. O. Smith Corp which is valued at $731,168. A. O. Smith Corp makes up approx 0.05% of Ls Investment Advisors’s portfolio.

A. O. Smith Corp closed down -0.12 points or -0.12% at $96.36 with 4,71,395 shares getting traded on Thursday. Post opening the session at $96.41, the shares hit an intraday low of $95.74 and an intraday high of $96.86 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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