Zevin Asset Management LLC reduced its stake in A. O. Smith Corp (NYSE:AOS) by 13.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,582 shares of the industrial products company’s stock after selling 1,480 shares during the period. Zevin Asset Management LLC’s holdings in A. O. Smith were worth $457,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Dupont Capital Management Corp grew its stake in A. O. Smith by 13.4% in the 2nd quarter. Dupont Capital Management Corp now owns 473,388 shares of the industrial products company’s stock worth $22,325,000 after acquiring an additional 56,085 shares in the last quarter. DNB Asset Management AS grew its stake in A. O. Smith by 3.6% in the 2nd quarter. DNB Asset Management AS now owns 28,768 shares of the industrial products company’s stock worth $1,357,000 after acquiring an additional 995 shares in the last quarter. Boston Trust Walden Corp bought a new position in A. O. Smith in the 3rd quarter worth about $13,956,000. Great Lakes Advisors LLC grew its stake in A. O. Smith by 1.7% in the 2nd quarter. Great Lakes Advisors LLC now owns 321,377 shares of the industrial products company’s stock worth $15,156,000 after acquiring an additional 5,375 shares in the last quarter. Finally, Boston Financial Mangement LLC boosted its stake in shares of A. O. Smith by 5.5% during the second quarter. Boston Financial Mangement LLC now owns 277,140 shares of the industrial products company’s stock valued at $13,070,000 after purchasing an additional 14,370 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.
In related news, VP Helen E. Gurholt sold 1,263 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $45.82, for a total transaction of $57,870.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Ajita G. Rajendra sold 16,556 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $49.47, for a total transaction of $819,025.32. Following the sale, the chairman now directly owns 78,163 shares of the company’s stock, valued at approximately $3,866,723.61. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.
Shares of NYSE AOS traded up $0.21 during midday trading on Friday, reaching $52.08. 949,370 shares of the company’s stock traded hands, compared to its average volume of 1,719,446. The company has a quick ratio of 1.64, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $48.77 and its 200-day simple moving average is $47.11. A. O. Smith Corp has a one year low of $40.38 and a one year high of $56.66. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.56 and a beta of 1.51.
A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. A. O. Smith had a net margin of 13.26% and a return on equity of 23.66%. The firm had revenue of $728.20 million for the quarter, compared to the consensus estimate of $752.61 million. During the same period last year, the firm earned $0.61 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Equities analysts predict that A. O. Smith Corp will post 2.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.24 per share. This is a boost from A. O. Smith’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.84%. A. O. Smith’s dividend payout ratio is presently 36.78%.
AOS has been the topic of a number of recent research reports. Northcoast Research reiterated a “buy” rating on shares of A. O. Smith in a research note on Wednesday, October 2nd. Rosenblatt Securities initiated coverage on shares of A. O. Smith in a research note on Thursday. They set a “neutral” rating and a $52.00 price objective on the stock. ValuEngine upgraded shares of A. O. Smith from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, TheStreet upgraded shares of A. O. Smith from a “c+” rating to a “b-” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. A. O. Smith presently has a consensus rating of “Hold” and a consensus target price of $54.50.
A. O. Smith Profile
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration products for residences, restaurants, hotels, and offices.
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