LS Investment Advisors LLC boosted its stake in shares of Smith (A.O.) Corporation (NYSE:AOS) by 12.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,713 shares of the industrial products company’s stock after buying an additional 1,967 shares during the period. LS Investment Advisors LLC’s holdings in Smith (A.O.) Corporation were worth $998,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its position in shares of Smith (A.O.) Corporation by 0.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,246 shares of the industrial products company’s stock worth $166,000 after buying an additional 22 shares during the last quarter. Somerset Trust Co boosted its position in shares of Smith (A.O.) Corporation by 0.4% in the second quarter. Somerset Trust Co now owns 12,433 shares of the industrial products company’s stock worth $701,000 after buying an additional 55 shares during the last quarter. CENTRAL TRUST Co boosted 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 worth $105,000 after buying an additional 66 shares during the last quarter. Van ECK Associates Corp boosted 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 worth $114,000 after buying an additional 145 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Smith (A.O.) Corporation by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,939 shares of the industrial products company’s stock worth $188,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 74.89% of the company’s stock.
Smith (NYSE:AOS) traded up 0.39% during mid-day trading on Tuesday, hitting $54.34. 886,847 shares of the stock traded hands. The stock has a market cap of $9.38 billion, a PE ratio of 27.58 and a beta of 1.51. Smith has a 12-month low of $43.66 and a 12-month high of $57.97. The company has a 50 day moving average of $55.62 and a 200-day moving average of $53.14.
Smith (A.O.) Corporation (NYSE:AOS) last announced its 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. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The business had revenue of $738.20 million during the quarter, compared to analysts’ expectations of $729.33 million. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts forecast that Smith will post $2.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, July 27th. Smith (A.O.) Corporation’s dividend payout ratio is 28.43%.
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A number of equities analysts recently commented on AOS shares. KeyCorp reaffirmed a “sector weight” rating on shares of Smith (A.O.) Corporation in a research note on Friday, April 28th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Friday, July 14th. Zacks Investment Research lowered shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub lowered shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets restated a “buy” rating and issued a $60.00 price target on shares of Smith (A.O.) Corporation in a report on Friday, July 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Smith (A.O.) Corporation has a consensus rating of “Buy” and an average price target of $68.00.
In related news, VP James F. Stern sold 25,200 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $54.45, for a total value of $1,372,140.00. Following the completion of the sale, the vice president now directly owns 176,583 shares of the company’s stock, valued at approximately $9,614,944.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald D. Brown sold 8,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $54.25, for a total value 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 $2,381,358. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 105,400 shares of company stock valued at $5,734,444. 1.27% of the stock is currently owned by company 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.
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