A. O. Smith Corp (AOS) : Swarthmore Group Inc added new position in A. O. Smith Corp during the most recent quarter end. The investment management firm now holds 193,400 shares of A. O. Smith Corp which is valued at $15,323,082 , the company said in a statement filed on Apr 13, 2016 with the SEC.A. O. Smith Corp makes up approximately 2.31% of Swarthmore Group Inc’s portfolio.
A. O. Smith Corp opened for trading at $78.64 and hit $79.88 on the upside on Monday, eventually ending the session at $79.64, with a gain of 0.52% or 0.41 points. The heightened volatility saw the trading volume jump to 6,52,643 shares. Company has a market cap of $6,992 M.
Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in AOS by selling 1,905 shares or 64.58% in the most recent quarter. The Hedge Fund company now holds 1,045 shares of AOS which is valued at $82,795. A. O. Smith Corp makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Capstone Asset Management Co boosted its stake in AOS in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 8,672 shares of A. O. Smith Corp which is valued at $687,083. A. O. Smith Corp makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Weaver C. Barksdale Associates boosted its stake in AOS in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 157 shares of A. O. Smith Corp which is valued at $11,998. A. O. Smith Corp makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.
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.