A. O. Smith Corp (AOS) : Handelsbanken Fonder Ab scooped up 18,000 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 Jul 15, 2016. The investment management firm now holds a total of 292,650 shares of A. O. Smith Corp which is valued at $26,733,578.A. O. Smith Corp makes up approximately 1.06% of Handelsbanken Fonder Ab’s portfolio.
Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in AOS by selling 185 shares or 17.7% in the most recent quarter. The Hedge Fund company now holds 860 shares of AOS which is valued at $78,561. A. O. Smith Corp makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Weaver C. Barksdale Associates reduced its stake in AOS by selling 21 shares or 13.38% in the most recent quarter. The Hedge Fund company now holds 136 shares of AOS which is valued at $12,303. A. O. Smith Corp makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio. Benjamin F. Edwards Company added AOS to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $72,368. A. O. Smith Corp makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio. Alpha Windward sold out all of its stake in AOS during the most recent quarter. The investment firm sold 304 shares of AOS which is valued $27,129.
A. O. Smith Corp opened for trading at $91 and hit $91.68 on the upside on Monday, eventually ending the session at $91.35, with a gain of 0.43% or 0.39 points. The heightened volatility saw the trading volume jump to 2,50,843 shares. Company has a market cap of $7,997 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.
Investors should note that on Jul 11, 2016, A. O. Smith Corp announced a cash dividend of $0.2400. The company’s management has announced Jul 27, 2016 as the ex-dividend date and fixed the record date on Jul 29, 2016. The payable date has been fixed on Aug 15, 2016.
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.