A. O. Smith Corp (AOS) : Telemus Capital reduced its stake in A. O. Smith Corp by 5.37% during the most recent quarter end. The investment management company now holds a total of 42,076 shares of A. O. Smith Corp which is valued at $3,810,823 after selling 2,390 shares in A. O. Smith Corp , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.A. O. Smith Corp makes up approximately 0.44% of Telemus Capital’s portfolio.
Other Hedge Funds, Including , Nordea Investment Management Ab added AOS to its portfolio by purchasing 1,700 company shares during the most recent quarter which is valued at $153,969.Somerset Trust Co reduced its stake in AOS by selling 6,960 shares or 50.24% in the most recent quarter. The Hedge Fund company now holds 6,893 shares of AOS which is valued at $623,541. A. O. Smith Corp makes up approx 0.37% of Somerset Trust Co’s portfolio.Creative Planning reduced its stake in AOS by selling 337 shares or 62.99% in the most recent quarter. The Hedge Fund company now holds 198 shares of AOS which is valued at $17,911. 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.Capital Investment Services Of America boosted its stake in AOS in the latest quarter, The investment management firm added 8,810 additional shares and now holds a total of 80,101 shares of A. O. Smith Corp which is valued at $7,148,213. A. O. Smith Corp makes up approx 1.34% of Capital Investment Services Of America’s portfolio.
A. O. Smith Corp opened for trading at $90.89 and hit $91.06 on the upside on Wednesday, eventually ending the session at $90.57, with a gain of 0.21% or 0.19 points. The heightened volatility saw the trading volume jump to 6,85,359 shares. Company has a market cap of $7,929 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.