Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Decreases Stock Position in A. O. Smith Corporation $AOS

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its stake in A. O. Smith Corporation (NYSE:AOS) by 17.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,961 shares of the industrial products company’s stock after selling 2,646 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in A. O. Smith were worth $850,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Beverly Hills Private Wealth LLC lifted its position in A. O. Smith by 3.1% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,847 shares of the industrial products company’s stock worth $382,000 after buying an additional 176 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in A. O. Smith by 3.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,532 shares of the industrial products company’s stock worth $363,000 after buying an additional 177 shares in the last quarter. Advisory Alpha LLC lifted its position in A. O. Smith by 5.4% during the first quarter. Advisory Alpha LLC now owns 3,642 shares of the industrial products company’s stock worth $238,000 after buying an additional 188 shares in the last quarter. National Pension Service lifted its position in A. O. Smith by 74.8% during the first quarter. National Pension Service now owns 458 shares of the industrial products company’s stock worth $30,000 after buying an additional 196 shares in the last quarter. Finally, TCTC Holdings LLC lifted its position in A. O. Smith by 69.9% during the first quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company’s stock worth $32,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Insider Buying and Selling at A. O. Smith

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of A. O. Smith stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $71.26, for a total value of $1,581,972.00. Following the completion of the sale, the chairman directly owned 100,647 shares of the company’s stock, valued at approximately $7,172,105.22. The trade was a 18.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.76% of the company’s stock.

A. O. Smith Price Performance

AOS stock opened at $68.91 on Monday. The business has a fifty day moving average of $71.67 and a two-hundred day moving average of $68.83. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 0.15. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. A. O. Smith Corporation has a 52-week low of $58.83 and a 52-week high of $78.25.

A. O. Smith (NYSE:AOS) last posted its earnings results on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.10. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $997.89 million. A. O. Smith had a return on equity of 28.42% and a net margin of 13.68%.The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 earnings per share. As a group, research analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, October 31st. This is a boost from A. O. Smith’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.1%. A. O. Smith’s payout ratio is presently 37.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer lifted their price objective on A. O. Smith from $82.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Stifel Nicolaus lifted their price objective on A. O. Smith from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of A. O. Smith in a research report on Friday. Wall Street Zen upgraded A. O. Smith from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, Robert W. Baird raised their target price on A. O. Smith from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $77.00.

A. O. Smith Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.