KBC Group NV boosted its position in shares of Smith (A.O.) Corporation (NYSE:AOS) by 25.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,426 shares of the industrial products company’s stock after buying an additional 21,895 shares during the period. KBC Group NV owned 0.06% of Smith (A.O.) Corporation worth $5,995,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its position in Smith (A.O.) Corporation by 7.6% in the first quarter. Arizona State Retirement System now owns 61,300 shares of the industrial products company’s stock worth $3,136,000 after buying an additional 4,314 shares during the last quarter. Credit Suisse AG boosted its position in Smith (A.O.) Corporation by 2.1% in the first quarter. Credit Suisse AG now owns 397,500 shares of the industrial products company’s stock worth $20,336,000 after buying an additional 8,207 shares during the last quarter. Somerset Trust Co boosted its position in 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. IFP Advisors Inc boosted its position in Smith (A.O.) Corporation by 26.2% in the first quarter. IFP Advisors Inc now owns 9,105 shares of the industrial products company’s stock worth $466,000 after buying an additional 1,891 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Smith (A.O.) Corporation by 2.3% in the first quarter. Wellington Management Group LLP now owns 137,106 shares of the industrial products company’s stock worth $7,015,000 after buying an additional 3,092 shares during the last quarter. Institutional investors own 74.89% of the company’s stock.
Smith (NYSE AOS) opened at 54.42 on Wednesday. Smith has a 52-week low of $43.66 and a 52-week high of $57.97. The company has a market cap of $9.39 billion, a price-to-earnings ratio of 27.62 and a beta of 1.51. The company’s 50-day moving average price is $55.38 and its 200-day moving average price is $53.31.
Smith (A.O.) Corporation (NYSE:AOS) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $738.20 million during the quarter, compared to the consensus estimate of $729.33 million. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Equities research analysts expect that Smith will post $2.11 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.56 annualized dividend and a dividend yield of 1.03%. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is currently 28.43%.
AOS has been the subject of a number of research analyst reports. KeyCorp restated 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 restated a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Friday, July 14th. Zacks Investment Research cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, BMO Capital Markets restated a “buy” rating and issued a $60.00 target price on shares of Smith (A.O.) Corporation in a research note on Friday, July 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Smith (A.O.) Corporation has a consensus rating of “Buy” and an average target price of $68.00.
In other news, VP James F. Stern sold 25,200 shares of Smith (A.O.) Corporation stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $54.45, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul W. Jones sold 60,000 shares of Smith (A.O.) Corporation stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total transaction of $3,241,200.00. Following the sale, the director now directly owns 277,465 shares of the company’s stock, valued at $14,988,659.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,400 shares of company stock valued at $5,300,444. Corporate insiders own 1.27% of the company’s stock.
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.
