Cim buys $896,887 stake in A. O. Smith Corp (AOS)

A. O. Smith Corp (AOS) : Cim scooped up 12,940 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 Oct 17, 2016. The investment management firm now holds a total of 18,330 shares of A. O. Smith Corp which is valued at $896,887.A. O. Smith Corp makes up approximately 0.43% of Cim’s portfolio.

Other Hedge Funds, Including , Chesley Taft Associates reduced its stake in AOS by selling 180 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 23,240 shares of AOS which is valued at $1,137,133. A. O. Smith Corp makes up approx 0.12% of Chesley Taft Associates’s portfolio.Capstone Asset Management Co boosted its stake in AOS in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 19,264 shares of A. O. Smith Corp which is valued at $954,339. A. O. Smith Corp makes up approx 0.03% of Capstone Asset Management Co’s portfolio.Patten Patten Inctn reduced its stake in AOS by selling 12,288 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 462,092 shares of AOS which is valued at $22,892,038. A. O. Smith Corp makes up approx 2.99% of Patten Patten Inctn’s portfolio.Creative Planning boosted its stake in AOS in the latest quarter, The investment management firm added 932 additional shares and now holds a total of 1,328 shares of A. O. Smith Corp which is valued at $65,789. Washington Trust Bank added AOS to its portfolio by purchasing 11 company shares during the most recent quarter which is valued at $1,119.

A. O. Smith Corp closed down -0.36 points or -0.73% at $48.93 with 8,34,061 shares getting traded on Friday. Post opening the session at $49.28, the shares hit an intraday low of $48.93 and an intraday high of $49.805 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Investors should note that on Oct 6, 2016, A. O. Smith Corp announced a cash dividend of $0.1200. The company’s management has announced Oct 27, 2016 as the ex-dividend date and fixed the record date on Oct 31, 2016. The payable date has been fixed on Nov 15, 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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