Patten & Patten INC Has Trimmed Its A.O. Smith Corp. (AOS) Position by $4.77 Million; Valuation Rose

April 17, 2018 - By Duane Lopez

A. O. Smith Corporation (NYSE:AOS) LogoInvestors sentiment increased to 1.21 in 2017 Q4. Its up 0.07, from 1.14 in 2017Q3. It increased, as 25 investors sold AOS shares while 136 reduced holdings. 49 funds opened positions while 146 raised stakes. 120.93 million shares or 1.94% less from 123.32 million shares in 2017Q3 were reported. Utah Retirement Systems has invested 0.03% in A. O. Smith Corporation (NYSE:AOS). Fmr Limited Company holds 5.57 million shares or 0.04% of its portfolio. Fincl Bank Of Montreal Can owns 176,527 shares. Yorktown holds 0.09% in A. O. Smith Corporation (NYSE:AOS) or 5,300 shares. Quantitative Mgmt Lc reported 97,500 shares. M&R Mngmt Inc holds 0.01% or 700 shares. Zacks Investment, a Illinois-based fund reported 138,512 shares. Cambridge Investment Research Advisors stated it has 8,551 shares or 0.01% of all its holdings. Fjarde Ap stated it has 47,866 shares. 1832 Asset Mngmt Limited Partnership holds 42 shares or 0% of its portfolio. Jupiter Asset Mgmt owns 465,458 shares or 0.82% of their US portfolio. Rhumbline Advisers holds 283,421 shares or 0.04% of its portfolio. Peak6 Investments Ltd Partnership holds 0% of its portfolio in A. O. Smith Corporation (NYSE:AOS) for 10,452 shares. State Of Alaska Department Of Revenue invested in 21,250 shares or 0.03% of the stock. Bowen Hanes And Inc holds 340,000 shares or 0.93% of its portfolio.

Since October 31, 2017, it had 0 insider buys, and 10 insider sales for $9.00 million activity. Rajendra Ajita G sold $531,654 worth of A. O. Smith Corporation (NYSE:AOS) on Thursday, February 15. 30,000 shares were sold by BROUWER WILFRIDUS M, worth $1.89 million on Tuesday, March 6. Shares for $1.19 million were sold by GREUBEL WILLIAM P on Thursday, February 1. Ding Wei also sold $768,677 worth of A. O. Smith Corporation (NYSE:AOS) on Tuesday, February 20. $716,547 worth of A. O. Smith Corporation (NYSE:AOS) shares were sold by Heideman Robert J. 2,600 shares were sold by SMITH MARK D, worth $163,099 on Monday, March 5.

Patten & Patten Inc decreased its stake in A.O. Smith Corp. (AOS) by 19.87% based on its latest 2017Q4 regulatory filing with the SEC. Patten & Patten Inc sold 78,266 shares as the company’s stock rose 1.99% while stock markets declined. The institutional investor held 315,583 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $19.34M, down from 393,849 at the end of the previous reported quarter. Patten & Patten Inc who had been investing in A.O. Smith Corp. for a number of months, seems to be less bullish one the $11.24B market cap company. The stock increased 1.22% or $0.79 during the last trading session, reaching $65.53. About 320,168 shares traded. A. O. Smith Corporation (NYSE:AOS) has risen 21.58% since April 17, 2017 and is uptrending. It has outperformed by 10.03% the S&P500.

Analysts await A. O. Smith Corporation (NYSE:AOS) to report earnings on April, 26. They expect $0.58 earnings per share, up 16.00 % or $0.08 from last year’s $0.5 per share. AOS’s profit will be $99.49 million for 28.25 P/E if the $0.58 EPS becomes a reality. After $0.60 actual earnings per share reported by A. O. Smith Corporation for the previous quarter, Wall Street now forecasts -3.33 % negative EPS growth.

A. O. Smith Corporation (NYSE:AOS) Ratings Coverage

Among 7 analysts covering AO Smith Corp (NYSE:AOS), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. AO Smith Corp had 13 analyst reports since October 25, 2017 according to SRatingsIntel. On Wednesday, October 25 the stock rating was downgraded by Boenning & Scattergood to “Neutral”. As per Thursday, January 25, the company rating was maintained by BMO Capital Markets. The stock of A. O. Smith Corporation (NYSE:AOS) earned “Hold” rating by Stifel Nicolaus on Wednesday, January 31. The rating was maintained by Stifel Nicolaus with “Hold” on Sunday, December 10. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, February 15 report. The rating was maintained by Robert W. Baird on Tuesday, January 30 with “Buy”. The stock of A. O. Smith Corporation (NYSE:AOS) has “Buy” rating given on Tuesday, January 30 by SunTrust. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, October 26 report. Stifel Nicolaus maintained the shares of AOS in report on Tuesday, April 3 with “Hold” rating. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, April 4.

A. O. Smith Corporation (NYSE:AOS) Institutional Positions Chart

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