Andra AP fonden Trims Holdings in Smith (A.O.) Corporation (AOS)

Andra AP fonden decreased its position in shares of Smith (A.O.) Corporation (NYSE:AOS) by 27.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,400 shares of the industrial products company’s stock after selling 15,500 shares during the quarter. Andra AP fonden’s holdings in Smith (A.O.) Corporation were worth $2,460,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AOS. Toronto Dominion Bank lifted its stake in shares of Smith (A.O.) Corporation by 11.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 191 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Smith (A.O.) Corporation by 973.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 1,655 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Smith (A.O.) Corporation by 3.7% in the 2nd quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 66 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Smith (A.O.) Corporation by 6.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 119 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of Smith (A.O.) Corporation in the 2nd quarter valued at $113,000. 73.90% of the stock is currently owned by institutional investors.

Smith (NYSE AOS) opened at $58.56 on Friday. The firm has a market capitalization of $10,068.10, a PE ratio of 28.71, a PEG ratio of 2.20 and a beta of 1.54. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.27. Smith has a 1-year low of $46.44 and a 1-year high of $62.16.

Smith (A.O.) Corporation (NYSE:AOS) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Smith (A.O.) Corporation had a return on equity of 22.42% and a net margin of 12.18%. The business had revenue of $749.90 million during the quarter, compared to analysts’ expectations of $741.28 million. During the same quarter last year, the company posted $0.47 earnings per share. Smith (A.O.) Corporation’s quarterly revenue was up 9.7% on a year-over-year basis. sell-side analysts expect that Smith will post 2.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Monday, October 30th. Smith (A.O.) Corporation’s payout ratio is currently 27.45%.

In related news, SVP Charles T. Lauber sold 7,594 shares of Smith (A.O.) Corporation stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $59.85, for a total transaction of $454,500.90. Following the completion of the transaction, the senior vice president now owns 26,240 shares in the company, valued at $1,570,464. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Idelle K. Wolf sold 2,000 shares of Smith (A.O.) Corporation stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $60.00, for a total value of $120,000.00. Following the transaction, the director now owns 52,053 shares of the company’s stock, valued at approximately $3,123,180. The disclosure for this sale can be found here. Insiders have sold 31,861 shares of company stock valued at $1,895,602 in the last quarter. 1.27% of the stock is currently owned by corporate insiders.

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A number of research firms have recently weighed in on AOS. Stifel Nicolaus reissued a “hold” rating and issued a $56.00 price target on shares of Smith (A.O.) Corporation in a research note on Friday, August 11th. Zacks Investment Research downgraded Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. BMO Capital Markets reaffirmed a “buy” rating and set a $60.00 price objective on shares of Smith (A.O.) Corporation in a research note on Friday, July 28th. BidaskClub cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Robert W. Baird reiterated a “buy” rating and set a $64.00 target price on shares of Smith (A.O.) Corporation in a report on Wednesday, October 4th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Smith (A.O.) Corporation has a consensus rating of “Hold” and an average target price of $62.80.

Smith (A.O.) Corporation Company Profile

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.

Institutional Ownership by Quarter for Smith (A.O.) Corporation (NYSE:AOS)

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