Robecosam Usa buys $5.2 Million stake in A. O. Smith Corp (AOS)

A. O. Smith Corp (AOS) : Robecosam Usa scooped up 23,189 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 12, 2016. The investment management firm now holds a total of 66,456 shares of A. O. Smith Corp which is valued at $5.2 Million.A. O. Smith Corp makes up approximately 6.59% of Robecosam Usa’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities boosted its stake in AOS in the latest quarter, The investment management firm added 30,693 additional shares and now holds a total of 53,713 shares of A. O. Smith Corp which is valued at $4.2 Million. A. O. Smith Corp makes up approx 0.03% of Sg Americas Securities’s portfolio.Comerica Bank reduced its stake in AOS by selling 1,914 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 50,334 shares of AOS which is valued at $3.9 Million. A. O. Smith Corp makes up approx 0.04% of Comerica Bank’s portfolio.Janney Montgomery Scott boosted its stake in AOS in the latest quarter, The investment management firm added 47,180 additional shares and now holds a total of 51,528 shares of A. O. Smith Corp which is valued at $4 Million. A. O. Smith Corp makes up approx 0.11% of Janney Montgomery Scott’s portfolio.Blackrock Advisors boosted its stake in AOS in the latest quarter, The investment management firm added 10,763 additional shares and now holds a total of 46,998 shares of A. O. Smith Corp which is valued at $3.7 Million. Sii Investments Incwi added AOS to its portfolio by purchasing 4,600 company shares during the most recent quarter which is valued at $355,212. A. O. Smith Corp makes up approx 0.03% of Sii Investments Incwi’s portfolio.

A. O. Smith Corp opened for trading at $80.15 and hit $81.2199 on the upside on Friday, eventually ending the session at $80.52, with a gain of 1.16% or 0.92 points. The heightened volatility saw the trading volume jump to 7,45,120 shares. Company has a market cap of $7,049 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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