Marietta Investment Partners buys $12,078,592 stake in A. O. Smith Corp (AOS)

A. O. Smith Corp (AOS) : Marietta Investment Partners scooped up 459 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 154,359 shares of A. O. Smith Corp which is valued at $12,078,592.A. O. Smith Corp makes up approximately 4.96% of Marietta Investment Partners’s portfolio.

Other Hedge Funds, Including , Penserra Capital Management reduced its stake in AOS by selling 21,384 shares or 88.13% in the most recent quarter. The Hedge Fund company now holds 2,881 shares of AOS which is valued at $225,438. A. O. Smith Corp makes up approx 0.03% of Penserra Capital Management’s portfolio. Nine Chapters Capital Management added AOS to its portfolio by purchasing 4,600 company shares during the most recent quarter which is valued at $359,950. A. O. Smith Corp makes up approx 0.03% of Nine Chapters Capital Management’s portfolio.Smith Asset Management Group Lp boosted its stake in AOS in the latest quarter, The investment management firm added 3,977 additional shares and now holds a total of 172,382 shares of A. O. Smith Corp which is valued at $13,433,729. A. O. Smith Corp makes up approx 0.40% of Smith Asset Management Group Lp’s portfolio.Retirement Systems Of Alabama boosted its stake in AOS in the latest quarter, The investment management firm added 63 additional shares and now holds a total of 96,294 shares of A. O. Smith Corp which is valued at $7,435,823. A. O. Smith Corp makes up approx 0.04% of Retirement Systems Of Alabama’s portfolio.Telemus Capital boosted its stake in AOS in the latest quarter, The investment management firm added 24,216 additional shares and now holds a total of 44,466 shares of A. O. Smith Corp which is valued at $3,433,665. A. O. Smith Corp makes up approx 0.56% of Telemus Capital’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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