Sciencast Management LP Buys New Position in Smith (A.O.) Co. (AOS)

Sciencast Management LP acquired a new stake in Smith (A.O.) Co. (NYSE:AOS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,404 shares of the industrial products company’s stock, valued at approximately $361,000.

A number of other institutional investors also recently added to or reduced their stakes in AOS. BlackRock Inc. boosted its holdings in shares of Smith (A.O.) by 0.5% during the fourth quarter. BlackRock Inc. now owns 9,903,069 shares of the industrial products company’s stock worth $606,860,000 after purchasing an additional 52,134 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Smith (A.O.) by 15.5% in the fourth quarter. Alliancebernstein L.P. now owns 4,074,225 shares of the industrial products company’s stock valued at $249,669,000 after acquiring an additional 547,648 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Smith (A.O.) by 27.6% in the third quarter. Wells Fargo & Company MN now owns 2,023,896 shares of the industrial products company’s stock valued at $120,280,000 after acquiring an additional 438,063 shares during the last quarter. Impax Asset Management LTD boosted its holdings in Smith (A.O.) by 5.0% in the fourth quarter. Impax Asset Management LTD now owns 1,935,569 shares of the industrial products company’s stock valued at $118,612,000 after acquiring an additional 91,809 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Smith (A.O.) by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,740,078 shares of the industrial products company’s stock valued at $106,429,000 after acquiring an additional 39,859 shares during the last quarter. 74.44% of the stock is owned by institutional investors.

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AOS stock traded down $1.81 during midday trading on Friday, reaching $63.17. The company had a trading volume of 997,439 shares, compared to its average volume of 857,577. The company has a quick ratio of 1.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.24. Smith has a fifty-two week low of $49.48 and a fifty-two week high of $68.39. The company has a market cap of $10,834.35, a P/E ratio of 29.11, a PEG ratio of 1.84 and a beta of 1.52.

Smith (A.O.) (NYSE:AOS) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The business had revenue of $768.60 million during the quarter, compared to the consensus estimate of $767.45 million. Smith (A.O.) had a return on equity of 23.30% and a net margin of 9.89%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share. analysts expect that Smith will post 2.57 EPS for the current fiscal year.

In other Smith (A.O.) news, Chairman Ajita G. Rajendra sold 6,800 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $64.02, for a total value of $435,336.00. Following the completion of the sale, the chairman now directly owns 301,018 shares in the company, valued at $19,271,172.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Ajita G. Rajendra sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $66.55, for a total value of $332,750.00. Following the completion of the transaction, the chairman now directly owns 301,018 shares in the company, valued at approximately $20,032,747.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,635 shares of company stock valued at $7,149,622. Insiders own 1.28% of the company’s stock.

A number of research analysts have commented on AOS shares. Stifel Nicolaus restated a “hold” rating and set a $59.00 price objective on shares of Smith (A.O.) in a research note on Monday, December 11th. Zacks Investment Research cut Smith (A.O.) from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. BMO Capital Markets reaffirmed a “buy” rating and set a $78.00 target price on shares of Smith (A.O.) in a research report on Friday, January 26th. Boenning Scattergood reaffirmed a “hold” rating on shares of Smith (A.O.) in a research report on Tuesday, January 30th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $70.00 target price on shares of Smith (A.O.) in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $67.83.

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Smith (A.O.) Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.

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

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