Impala Asset Management LLC Acquires 222,691 Shares of Smith (A.O.) Corporation (AOS)

Impala Asset Management LLC lifted its holdings in shares of Smith (A.O.) Corporation (NYSE:AOS) by 1,219.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 240,951 shares of the industrial products company’s stock after buying an additional 222,691 shares during the period. Impala Asset Management LLC owned approximately 0.14% of Smith (A.O.) worth $14,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AOS. Toronto Dominion Bank increased its holdings in Smith (A.O.) by 11.8% in the second quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock valued at $102,000 after buying an additional 191 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Smith (A.O.) by 973.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock valued at $103,000 after buying an additional 1,655 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Smith (A.O.) by 6.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock valued at $112,000 after buying an additional 119 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Smith (A.O.) in the second quarter valued at about $124,000. Finally, Hudock Capital Group LLC purchased a new position in Smith (A.O.) in the second quarter valued at about $156,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

In related news, insider Mark A. Petrarca sold 5,288 shares of Smith (A.O.) stock in a transaction on Friday, December 1st. The shares were sold at an average price of $63.14, for a total transaction of $333,884.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Idelle K. Wolf sold 2,000 shares of Smith (A.O.) stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.00, for a total transaction of $120,000.00. Following the transaction, the director now owns 52,053 shares in the company, valued at approximately $3,123,180. The disclosure for this sale can be found here. Insiders have sold a total of 86,863 shares of company stock worth $5,275,151 in the last 90 days. Company insiders own 1.27% of the company’s stock.

A number of brokerages have issued reports on AOS. Stifel Nicolaus reaffirmed a “hold” rating and issued a $56.00 target price on shares of Smith (A.O.) in a report on Friday, August 11th. Zacks Investment Research cut shares of Smith (A.O.) from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Robert W. Baird set a $61.00 target price on shares of Smith (A.O.) and gave the stock a “buy” rating in a research report on Thursday, August 24th. KeyCorp restated a “hold” rating on shares of Smith (A.O.) in a research report on Tuesday, September 12th. Finally, SunTrust Banks restated a “buy” rating and set a $65.00 target price on shares of Smith (A.O.) in a research report on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Smith (A.O.) presently has an average rating of “Hold” and an average target price of $62.80.

Smith (NYSE AOS) opened at $62.20 on Tuesday. The firm has a market cap of $10,798.80, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 2.36 and a beta of 1.55. Smith has a 1-year low of $46.44 and a 1-year high of $63.70. 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 (A.O.) (NYSE:AOS) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business had revenue of $749.90 million for the quarter, compared to analyst estimates of $741.28 million. Smith (A.O.) had a net margin of 12.18% and a return on equity of 22.42%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS. equities research analysts expect that Smith will post 2.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a dividend of $0.14 per share. The ex-dividend date was Monday, October 30th. This represents a $0.56 annualized dividend and a dividend yield of 0.90%. Smith (A.O.)’s payout ratio is 27.45%.

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Smith (A.O.) 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.

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

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