Water Asset Management buys $13,718,651 stake in A. O. Smith Corp (AOS)

A. O. Smith Corp (AOS) : Water Asset Management scooped up 73,000 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 Aug 15, 2016. The investment management firm now holds a total of 145,788 shares of A. O. Smith Corp which is valued at $13,718,651.A. O. Smith Corp makes up approximately 11.20% of Water Asset Management’s portfolio.

Other Hedge Funds, Including , Invictus Rg Pte. Ltd. sold out all of its stake in AOS during the most recent quarter. The investment firm sold 169 shares of AOS which is valued $15,903.Visium Asset Management Lp reduced its stake in AOS by selling 69,398 shares or 79.87% in the most recent quarter. The Hedge Fund company now holds 17,495 shares of AOS which is valued at $1,646,280. A. O. Smith Corp makes up approx 0.16% of Visium Asset Management Lp’s portfolio. Mizuho Trust Banking Ltd. added AOS to its portfolio by purchasing 115,042 company shares during the most recent quarter which is valued at $10,727,667. A. O. Smith Corp makes up approx 0.03% of Mizuho Trust Banking Ltd.’s portfolio. Thompson Investment Management added AOS to its portfolio by purchasing 2,500 company shares during the most recent quarter which is valued at $233,125. A. O. Smith Corp makes up approx 0.05% of Thompson Investment Management’s portfolio.Chesley Taft Associates reduced its stake in AOS by selling 45 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 11,710 shares of AOS which is valued at $1,048,748. A. O. Smith Corp makes up approx 0.10% of Chesley Taft Associates’s portfolio.

A. O. Smith Corp closed down -0.12 points or -0.12% at $96.36 with 4,71,395 shares getting traded on Thursday. Post opening the session at $96.41, the shares hit an intraday low of $95.74 and an intraday high of $96.86 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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