Baldwin Brothers Inc. MA Maintains Position in Smith (A.O.) Corporation (AOS)

Baldwin Brothers Inc. MA continued to hold its position in shares of Smith (A.O.) Corporation (NYSE:AOS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,362 shares of the industrial products company’s stock at the end of the second quarter. Baldwin Brothers Inc. MA’s holdings in Smith (A.O.) Corporation were worth $527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Korea Investment CORP acquired a new position in shares of Smith (A.O.) Corporation during the first quarter worth about $102,000. Van ECK Associates Corp raised its position in 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 valued at $114,000 after buying an additional 145 shares during the last quarter. Creative Planning raised its position in Smith (A.O.) Corporation by 130.9% in the first quarter. Creative Planning now owns 2,949 shares of the industrial products company’s stock valued at $151,000 after buying an additional 1,672 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in 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 valued at $166,000 after buying an additional 22 shares during the last quarter. Finally, FTB Advisors Inc. raised its position in Smith (A.O.) Corporation by 100.0% in the first quarter. FTB Advisors Inc. now owns 3,500 shares of the industrial products company’s stock valued at $179,000 after buying an additional 1,750 shares during the last quarter. Institutional investors and hedge funds own 74.64% of the company’s stock.

Shares of Smith (NYSE:AOS) traded down 0.27% during trading on Tuesday, reaching $54.40. The company’s stock had a trading volume of 635,227 shares. The firm has a market cap of $9.51 billion, a P/E ratio of 27.61 and a beta of 1.51. The stock’s 50 day moving average is $56.14 and its 200 day moving average is $52.78. Smith has a one year low of $43.66 and a one year high of $57.97.

Smith (A.O.) Corporation (NYSE:AOS) last released its earnings results on Wednesday, July 26th. The industrial products company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The firm had revenue of $738.20 million for the quarter, compared to analysts’ expectations of $729.33 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Smith will post $2.11 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is 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 presently 28.43%.

COPYRIGHT VIOLATION WARNING: This report was originally published by BBNS and is the property of of BBNS. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://baseballnewssource.com/markets/baldwin-brothers-inc-ma-has-527000-position-in-smith-a-o-corporation-aos-updated-updated-updated/1196095.html.

Several analysts have recently commented on AOS shares. BMO Capital Markets reaffirmed a “buy” rating and set a $60.00 price objective on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Boenning Scattergood reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Friday, July 14th. Finally, Zacks Investment Research raised shares of Smith (A.O.) Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, April 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $66.80.

In other Smith (A.O.) Corporation news, Director Paul W. Jones sold 60,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total value of $3,241,200.00. Following the transaction, the director now owns 277,465 shares of the company’s stock, valued at $14,988,659.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Charles T. Lauber sold 3,987 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $54.35, for a total value of $216,693.45. Following the completion of the transaction, the senior vice president now directly owns 23,980 shares in the company, valued at approximately $1,303,313. The disclosure for this sale can be found here. Insiders have sold 109,387 shares of company stock worth $5,951,137 over the last ninety days. 1.27% of the stock is currently owned by insiders.

About Smith (A.O.) Corporation

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.

Institutional Ownership by Quarter 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 our FREE daily email newsletter.

 


Latest News

Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras


Leave a Reply

 
© 2006-2017 BBNS.