A. O. Smith Co. (NYSE:AOS) Shares Sold by Andra AP fonden

Andra AP fonden reduced its position in A. O. Smith Co. (NYSE:AOS) by 4.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 166,900 shares of the industrial products company’s stock after selling 7,200 shares during the period. Andra AP fonden owned about 0.11% of A. O. Smith worth $13,649,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Algebris UK Ltd increased its stake in A. O. Smith by 2.3% in the first quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 140 shares during the last quarter. Empirical Finance LLC increased its stake in shares of A. O. Smith by 3.3% during the 1st quarter. Empirical Finance LLC now owns 4,618 shares of the industrial products company’s stock valued at $413,000 after acquiring an additional 149 shares during the last quarter. American International Group Inc. lifted its holdings in shares of A. O. Smith by 0.5% during the 4th quarter. American International Group Inc. now owns 33,231 shares of the industrial products company’s stock worth $2,740,000 after acquiring an additional 163 shares during the period. Kessler Investment Group LLC boosted its position in shares of A. O. Smith by 3.5% in the second quarter. Kessler Investment Group LLC now owns 5,087 shares of the industrial products company’s stock worth $416,000 after acquiring an additional 173 shares during the last quarter. Finally, Scotia Capital Inc. grew its holdings in A. O. Smith by 2.4% in the fourth quarter. Scotia Capital Inc. now owns 7,726 shares of the industrial products company’s stock valued at $637,000 after purchasing an additional 180 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Samuel M. Carver sold 14,705 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the completion of the sale, the senior vice president now directly owns 2,399 shares in the company, valued at $194,319. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by company insiders.

A. O. Smith Trading Up 1.0 %

Shares of AOS opened at $78.68 on Wednesday. A. O. Smith Co. has a 12 month low of $64.14 and a 12 month high of $92.44. The stock’s 50-day moving average is $82.46 and its two-hundred day moving average is $84.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.07. The stock has a market cap of $11.48 billion, a PE ratio of 20.38, a P/E/G ratio of 2.10 and a beta of 1.15.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.01). A. O. Smith had a return on equity of 31.04% and a net margin of 14.67%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the firm posted $1.01 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that A. O. Smith Co. will post 4.07 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.63%. The ex-dividend date was Wednesday, July 31st. A. O. Smith’s dividend payout ratio (DPR) is 33.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Robert W. Baird cut their price target on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus upgraded A. O. Smith from a “hold” rating to a “buy” rating and lifted their target price for the company from $97.00 to $98.00 in a report on Wednesday, July 24th. StockNews.com upgraded A. O. Smith from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. Finally, UBS Group lifted their price objective on A. O. Smith from $73.00 to $75.00 and gave the company a “sell” rating in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, A. O. Smith presently has an average rating of “Hold” and a consensus target price of $89.67.

A. O. Smith Company 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.