Geneva Advisors LLC increased its position in shares of Smith (A.O.) Corporation (NYSE:AOS) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 613,407 shares of the industrial products company’s stock after buying an additional 9,475 shares during the period. Geneva Advisors LLC owned about 0.35% of Smith (A.O.) Corporation worth $34,553,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its stake 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 raised its stake 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 raised its stake 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 raised its stake 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. raised its stake 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. 74.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Smith (AOS) opened at 54.08 on Thursday. The company’s 50-day moving average is $55.29 and its 200 day moving average is $53.36. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 27.45 and a beta of 1.51. Smith has a 1-year low of $43.66 and a 1-year high of $57.97.
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 (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. The company had revenue of $738.20 million for the quarter, compared to analyst estimates of $729.33 million. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. Equities analysts anticipate that Smith will post $2.11 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.56 dividend on an annualized basis and a yield of 1.03%. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is presently 28.43%.
ILLEGAL ACTIVITY WARNING: “Geneva Advisors LLC Increases Position in Smith (A.O.) Corporation (AOS)” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/24/geneva-advisors-llc-increases-position-in-smith-a-o-corporation-aos.html.
A number of brokerages have recently weighed in on AOS. Stifel Nicolaus reaffirmed a “hold” rating and set a $56.00 target price on shares of Smith (A.O.) Corporation in a research note on Friday, August 11th. Boenning Scattergood reissued a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Wednesday, July 26th. BidaskClub lowered shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. BMO Capital Markets reissued a “buy” rating and set a $60.00 price objective on shares of Smith (A.O.) Corporation in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.00.
In related news, Director Paul W. Jones sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were 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 in the company, valued at $14,988,659.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Kita sold 12,200 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $56.32, for a total transaction of $687,104.00. Following the sale, the insider now owns 85,067 shares in the company, valued at $4,790,973.44. The disclosure for this sale can be found here. 1.27% of the stock is owned by corporate 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.
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.
