Rhumbline Advisers lessened its position in Smith (A.O.) Corporation (NYSE:AOS) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 285,789 shares of the industrial products company’s stock after selling 26,982 shares during the period. Rhumbline Advisers owned 0.17% of Smith (A.O.) worth $16,984,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. Toronto Dominion Bank raised its stake in shares of 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 acquiring an additional 191 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $103,000 after purchasing an additional 1,655 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Smith (A.O.) by 6.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 119 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Smith (A.O.) in the 2nd quarter valued at approximately $113,000. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Smith (A.O.) in the 2nd quarter valued at approximately $124,000. 75.27% of the stock is owned by institutional investors and hedge funds.
Shares of Smith (NYSE AOS) traded up $0.19 during midday trading on Thursday, reaching $61.59. The company’s stock had a trading volume of 465,882 shares, compared to its average volume of 1,003,248. Smith has a one year low of $46.44 and a one year high of $63.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.92 and a current ratio of 2.32. The stock has a market capitalization of $10,587.33, a PE ratio of 30.19, a P/E/G ratio of 2.32 and a beta of 1.55.
Smith (A.O.) (NYSE:AOS) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business had revenue of $749.90 million during the quarter, compared to analysts’ expectations of $741.28 million. Smith (A.O.) had a return on equity of 22.42% and a net margin of 12.18%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. equities analysts predict that Smith will post 2.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Monday, October 30th. Smith (A.O.)’s payout ratio is 27.45%.
In other Smith (A.O.) news, VP James F. Stern sold 12,423 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $62.28, for a total value of $773,704.44. Following the sale, the vice president now owns 146,257 shares of the company’s stock, valued at $9,108,885.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter R. Martineau sold 22,267 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $59.33, for a total value of $1,321,101.11. Following the sale, the insider now directly owns 17,528 shares in the company, valued at approximately $1,039,936.24. The disclosure for this sale can be found here. Insiders sold 100,156 shares of company stock valued at $6,092,537 in the last quarter. 1.27% of the stock is currently owned by company insiders.
A number of research firms have issued reports on AOS. Boenning Scattergood lowered shares of Smith (A.O.) from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and issued a $65.00 price target on shares of Smith (A.O.) in a research note on Thursday, October 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $59.00 target price on shares of Smith (A.O.) in a research note on Thursday, October 12th. Robert W. Baird reiterated a “buy” rating and set a $64.00 price target on shares of Smith (A.O.) in a research note on Wednesday, October 4th. Finally, Zacks Investment Research lowered shares of Smith (A.O.) from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $62.80.
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About Smith (A.O.)
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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