A. O. Smith Corp (AOS) : Garrison Bradford Associates Inc reduced its stake in A. O. Smith Corp by 0.58% during the most recent quarter end. The investment management company now holds a total of 34,010 shares of A. O. Smith Corp which is valued at $3,171,433 after selling 199 shares in A. O. Smith Corp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.A. O. Smith Corp makes up approximately 2.99% of Garrison Bradford Associates Inc’s portfolio.
Other Hedge Funds, Including , Insight Capital Research Management Inc sold out all of its stake in AOS during the most recent quarter. The investment firm sold 10,305 shares of AOS which is valued $965,475.Ls Investment Advisors boosted its stake in AOS in the latest quarter, The investment management firm added 5,128 additional shares and now holds a total of 8,164 shares of A. O. Smith Corp which is valued at $731,168. A. O. Smith Corp makes up approx 0.05% of Ls Investment Advisors’s portfolio. Cim added AOS to its portfolio by purchasing 2,695 company shares during the most recent quarter which is valued at $246,188. A. O. Smith Corp makes up approx 0.12% of Cim’s portfolio.Swarthmore Group Inc reduced its stake in AOS by selling 40,250 shares or 20.81% in the most recent quarter. The Hedge Fund company now holds 153,150 shares of AOS which is valued at $13,667,106. A. O. Smith Corp makes up approx 2.28% of Swarthmore Group Inc’s portfolio.
A. O. Smith Corp closed down -0.56 points or -0.59% at $93.79 with 4,47,983 shares getting traded on Monday. Post opening the session at $94.34, the shares hit an intraday low of $93.16 and an intraday high of $94.55 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.