A. O. Smith Corp (AOS) : Sarasin Partners Llp has sold out all of its stake in A. O. Smith Corp during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 29,200 shares of A. O. Smith Corp which is valued at $1,428,756.
Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in AOS in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 45,648 shares of A. O. Smith Corp which is valued at $2,233,557. A. O. Smith Corp makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Capital Investment Services Of America boosted its stake in AOS in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 160,402 shares of A. O. Smith Corp which is valued at $8,015,288. A. O. Smith Corp makes up approx 1.54% of Capital Investment Services Of America’s portfolio.Telemus Capital reduced its stake in AOS by selling 8,867 shares or 21.07% in the most recent quarter. The Hedge Fund company now holds 33,209 shares of AOS which is valued at $3,378,352. A. O. Smith Corp makes up approx 0.38% of Telemus Capital’s portfolio.
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.