Telemus Capital LLC raised its stake in Smith (A.O.) Corporation (NYSE:AOS) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,252 shares of the industrial products company’s stock after buying an additional 7 shares during the period. Telemus Capital LLC’s holdings in Smith (A.O.) Corporation were worth $3,788,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. CENTRAL TRUST Co raised its position in shares of Smith (A.O.) Corporation by 3.7% in the second quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock valued at $105,000 after buying an additional 66 shares during the last quarter. Korea Investment CORP acquired a new position in shares of Smith (A.O.) Corporation during the first quarter valued at $102,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Smith (A.O.) Corporation during the second quarter valued at $113,000. Van ECK Associates Corp raised its position in shares of Smith (A.O.) Corporation by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,226 shares of the industrial products company’s stock valued at $114,000 after buying an additional 145 shares during the last quarter. Finally, Creative Planning raised its position in shares of Smith (A.O.) Corporation by 130.9% in the first quarter. Creative Planning now owns 2,949 shares of the industrial products company’s stock valued at $151,000 after buying an additional 1,672 shares during the last quarter. Institutional investors own 74.63% of the company’s stock.
Smith (AOS) opened at 54.26 on Friday. Smith has a 12 month low of $43.66 and a 12 month high of $57.97. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 27.54 and a beta of 1.51. The company has a 50-day moving average price of $56.34 and a 200 day moving average price of $52.75.
Smith (A.O.) Corporation (NYSE:AOS) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $738.20 million during the quarter, compared to the consensus estimate of $729.33 million. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. Smith (A.O.) Corporation’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. Equities analysts predict that Smith will post $2.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.56 annualized dividend and a yield of 1.03%. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is presently 28.43%.
COPYRIGHT VIOLATION NOTICE: “Telemus Capital LLC Has $3.79 Million Stake in Smith (A.O.) Corporation (NYSE:AOS)” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://stocknewstimes.com/2017/08/04/telemus-capital-llc-has-3-79-million-stake-in-smith-a-o-corporation-nyseaos.html.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Monday. Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. BidaskClub lowered Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets reiterated a “buy” rating and issued a $60.00 price objective on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Finally, Jefferies Group LLC set a $60.00 price objective on Smith (A.O.) Corporation and gave the stock a “buy” rating in a research report on Thursday, June 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $66.80.
In other news, Director Ronald D. Brown sold 8,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $54.25, for a total transaction of $434,000.00. Following the completion of the sale, the director now directly owns 43,896 shares of the company’s stock, valued at approximately $2,381,358. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Idelle K. Wolf sold 750 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $54.96, for a total transaction of $41,220.00. Following the sale, the director now directly owns 54,803 shares of the company’s stock, valued at $3,011,972.88. The disclosure for this sale can be found here. Insiders sold a total of 50,137 shares of company stock valued at $2,751,157 over the last quarter. 1.27% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding AOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smith (A.O.) Corporation (NYSE:AOS).
Receive News & Ratings for Smith (A.O.) Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith (A.O.) Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
