A. O. Smith Corp (AOS) : Atlanta Capital Group reduced its stake in A. O. Smith Corp by 0.66% during the most recent quarter end. The investment management company now holds a total of 47,441 shares of A. O. Smith Corp which is valued at $4,449,491 after selling 316 shares in A. O. Smith Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.A. O. Smith Corp makes up approximately 0.95% of Atlanta Capital Group’s portfolio.
Other Hedge Funds, Including , Impax Asset Management Ltd boosted its stake in AOS in the latest quarter, The investment management firm added 30,512 additional shares and now holds a total of 668,195 shares of A. O. Smith Corp which is valued at $63,384,978. A. O. Smith Corp makes up approx 3.00% of Impax Asset Management Ltd’s portfolio.Central Trust Co boosted its stake in AOS in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 5,010 shares of A. O. Smith Corp which is valued at $475,249. A. O. Smith Corp makes up approx 0.03% of Central Trust Co’s portfolio.Cg Asset Management reduced its stake in AOS by selling 740 shares or 3.06% in the most recent quarter. The Hedge Fund company now holds 23,480 shares of AOS which is valued at $2,199,841. A. O. Smith Corp makes up approx 0.84% of Cg Asset Management’s portfolio. Shell Asset Management Co added AOS to its portfolio by purchasing 10,141 company shares during the most recent quarter which is valued at $950,110. A. O. Smith Corp makes up approx 0.02% of Shell Asset Management Co’s portfolio.
A. O. Smith Corp opened for trading at $93.75 and hit $93.93 on the upside on Wednesday, eventually ending the session at $93.59, with a gain of 0.09% or 0.08 points. The heightened volatility saw the trading volume jump to 2,64,736 shares. Company has a market cap of $8,165 M.
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.