Patten Patten Inctn buys $20,517,401 stake in A. O. Smith Corp (AOS)

A. O. Smith Corp (AOS) : Patten Patten Inctn scooped up 2,780 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 Apr 15, 2016. The investment management firm now holds a total of 258,960 shares of A. O. Smith Corp which is valued at $20,517,401.A. O. Smith Corp makes up approximately 2.91% of Patten Patten Inctn’s portfolio.

A. O. Smith Corp opened for trading at $78.97 and hit $80.61 on the upside on Wednesday, eventually ending the session at $79.96, with a gain of 1.00% or 0.79 points. The heightened volatility saw the trading volume jump to 6,94,537 shares. Company has a market cap of $7,020 M.

Other Hedge Funds, Including , Jaffetilchin Investment Partners boosted its stake in AOS in the latest quarter, The investment management firm added 612 additional shares and now holds a total of 4,582 shares of A. O. Smith Corp which is valued at $363,032. A. O. Smith Corp makes up approx 0.11% of Jaffetilchin Investment Partners’s portfolio. Acadian Asset Management sold out all of its stake in AOS during the most recent quarter. The investment firm sold 14 shares of AOS which is valued $1,109.Creative Planning boosted its stake in AOS in the latest quarter, The investment management firm added 373 additional shares and now holds a total of 535 shares of A. O. Smith Corp which is valued at $40,885. Proficio Capital Partners added AOS to its portfolio by purchasing 32 company shares during the most recent quarter which is valued at $2,445.

On the company’s financial health, A. O. Smith Corp reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jan 29, 2016. Analyst had a consensus of $0.84. The company had revenue of $639.40 million for the quarter, compared to analysts expectations of $671.73 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 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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