Artisan Partners Limited Partnership Increased Smith A O (NYSE:AOS) Stake by $16.01 Million

February 14, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.20, from 0.94 in 2017Q2. It improved, as 36 investors sold AOS shares while 132 reduced holdings. 73 funds opened positions while 118 raised stakes. 123.32 million shares or 19.18% less from 152.59 million shares in 2017Q2 were reported. Utd Services Automobile Association stated it has 47,548 shares. Jackson Wealth Mngmt Lc stated it has 28,118 shares. National Bank & Trust Of Mellon has 1.13M shares. Optimum Investment Advisors accumulated 0.1% or 5,010 shares. Prudential has 0.02% invested in A. O. Smith Corporation (NYSE:AOS). Teacher Retirement Systems Of Texas owns 29,068 shares. Amalgamated Bancshares invested 0.05% of its portfolio in A. O. Smith Corporation (NYSE:AOS). Bankshares holds 0.08% of its portfolio in A. O. Smith Corporation (NYSE:AOS) for 12,500 shares. Zacks Management invested 0.19% of its portfolio in A. O. Smith Corporation (NYSE:AOS). Westfield Cap Management L P reported 0.28% in A. O. Smith Corporation (NYSE:AOS). Blair William And Il has 0% invested in A. O. Smith Corporation (NYSE:AOS). Private Advisor Group Inc Limited Co has 0.02% invested in A. O. Smith Corporation (NYSE:AOS). Conestoga Advsr Ltd Liability Com invested in 0.08% or 31,465 shares. Parametric Assocs Ltd Llc holds 312,069 shares or 0.02% of its portfolio. Credit Suisse Ag, a Switzerland-based fund reported 315,704 shares.

Since October 31, 2017, it had 0 insider purchases, and 2 selling transactions for $2.51 million activity. 22,267 A. O. Smith Corporation (NYSE:AOS) shares with value of $1.32 million were sold by Martineau Peter R.

Artisan Partners Limited Partnership increased its stake in Smith A O (NYSE:AOS) by 15.99% based on its latest 2017Q4 regulatory filing with the SEC. Artisan Partners Limited Partnership bought 262,501 shares as the company’s stock rose 8.51% with the market. The institutional investor held 1.90M shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $116.70M, up from 1.64M at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Smith A O for a number of months, seems to be bullish on the $10.79B market cap company. The stock increased 1.21% or $0.75 during the last trading session, reaching $62.73. About 773,892 shares traded. A. O. Smith Corporation (NYSE:AOS) has risen 35.20% since February 14, 2017 and is uptrending. It has outperformed by 18.50% the S&P500.

Artisan Partners Limited Partnership, which manages about $52.81 billion US Long portfolio, decreased its stake in Take (NASDAQ:TTWO) by 130,179 shares to 534,384 shares, valued at $58.67M in 2017Q4, according to the filing. It also reduced its holding in S&P Global Inc () by 378,604 shares in the quarter, leaving it with 5.37 million shares, and cut its stake in Citigroup Inc (NYSE:C).

Artisan Partners Limited Partnership is a Wisconsin-based institutional investor with more than $105.00 billion AUM in March, 2014. Artisan Partners Limited Partnership is the 46th largest institutional investor in our database. Taken from Artisan Partners Limited latest Adv, the fund reported to have 264 full and part-time employees. Among which 65 performing investment advisory and research functions. The institutional investor had more than 200 clients.

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

Among 15 analysts covering AO Smith Corp (NYSE:AOS), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. AO Smith Corp has $111 highest and $50 lowest target. $75.38’s average target is 20.17% above currents $62.73 stock price. AO Smith Corp had 35 analyst reports since September 11, 2015 according to SRatingsIntel. The company was initiated on Tuesday, November 3 by SunTrust. The stock has “Buy” rating by Jefferies on Friday, September 23. The stock of A. O. Smith Corporation (NYSE:AOS) has “Outperform” rating given on Tuesday, April 5 by BMO Capital Markets. The company was initiated on Friday, September 11 by William Blair. The firm has “Hold” rating given on Friday, July 7 by Stifel Nicolaus. The stock of A. O. Smith Corporation (NYSE:AOS) earned “Sector Weight” rating by KeyCorp on Monday, May 1. The rating was downgraded by Boenning & Scattergood on Wednesday, October 25 to “Neutral”. BMO Capital Markets maintained the shares of AOS in report on Wednesday, June 21 with “Buy” rating. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, October 4 report. The firm has “Buy” rating by SunTrust given on Thursday, October 12.

A. O. Smith Corporation manufactures and markets residential and commercial gas, gas tankless, electric water heaters, and water treatment products in North America, China, Europe, and India. The company has market cap of $10.79 billion. The firm offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts. It has a 36.94 P/E ratio. It also provides heat pump and solar units, as well as combi boilers; and air purification products.

More important recent A. O. Smith Corporation (NYSE:AOS) news were published by: Seekingalpha.com which released: “Leadership In China Driving A Bright Future At AO Smith” on January 26, 2018, also Prnewswire.com published article titled: “AO Smith announces 29 percent dividend increase to $.18 per share”, Seekingalpha.com published: “New Dividend Aristocrats In Focus: AO Smith” on February 04, 2018. More interesting news about A. O. Smith Corporation (NYSE:AOS) was released by: Seekingalpha.com and their article: “AO Smith Corporation’s (AOS) CEO Ajita Rajendra on Q4 2017 Results – Earnings …” with publication date: January 30, 2018.

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