HL Financial Services LLC increased its stake in A.O. Smith Corp. (NYSE:AOS) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,866 shares of the company’s stock after buying an additional 1,067 shares during the period. HL Financial Services LLC’s holdings in A.O. Smith Corp. were worth $4,129,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Impax Asset Management AIFM Ltd increased its stake in shares of A.O. Smith Corp. by 8.6% in the first quarter. Impax Asset Management AIFM Ltd now owns 132,562 shares of the company’s stock valued at $10,110,000 after buying an additional 10,500 shares during the period. BlackRock Japan Co. Ltd increased its stake in shares of A.O. Smith Corp. by 33.2% in the first quarter. BlackRock Japan Co. Ltd now owns 7,934 shares of the company’s stock valued at $605,000 after buying an additional 1,977 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of A.O. Smith Corp. by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,152,857 shares of the company’s stock valued at $164,285,000 after buying an additional 11,859 shares during the period. BlackRock Group LTD increased its stake in shares of A.O. Smith Corp. by 23.2% in the first quarter. BlackRock Group LTD now owns 91,849 shares of the company’s stock valued at $7,009,000 after buying an additional 17,280 shares during the period. Finally, BlackRock Inc. increased its stake in shares of A.O. Smith Corp. by 2.9% in the first quarter. BlackRock Inc. now owns 94,077 shares of the company’s stock valued at $7,179,000 after buying an additional 2,670 shares during the period. 75.32% of the stock is owned by institutional investors.

A.O. Smith Corp. (NYSE:AOS) traded up 0.13% during midday trading on Tuesday, hitting $93.28. The stock had a trading volume of 517,985 shares. A.O. Smith Corp. has a 52 week low of $60.30 and a 52 week high of $98.38. The firm has a 50 day moving average of $94.36 and a 200 day moving average of $84.85. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 26.42 and a beta of 1.49. Shares of A.O. Smith Corp. are going to split before the market opens on Thursday, October 6th. The 2-1 split was announced on Wednesday, September 7th. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, October 5th.

A.O. Smith Corp. (NYSE:AOS) last announced its earnings results on Tuesday, July 26th. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. The company earned $667 million during the quarter, compared to the consensus estimate of $696.69 million. A.O. Smith Corp. had a return on equity of 21.57% and a net margin of 12.23%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 earnings per share. Equities research analysts predict that A.O. Smith Corp. will post $3.63 EPS for the current year.

Several brokerages have recently commented on AOS. BMO Capital Markets set a $106.00 price objective on shares of A.O. Smith Corp. and gave the stock a “buy” rating in a research report on Monday, August 8th. Zacks Investment Research raised shares of A.O. Smith Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Thursday, July 28th. SunTrust Banks Inc. reduced their price target on shares of A.O. Smith Corp. from $103.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. Finally, Longbow Research started coverage on shares of A.O. Smith Corp. in a research report on Friday, June 17th. They issued a “neutral” rating for the company. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $88.71.

In related news, insider Wilfridus M. Brouwer sold 6,200 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $93.29, for a total value of $578,398.00. Following the sale, the insider now directly owns 19,449 shares of the company’s stock, valued at $1,814,397.21. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark D. Smith sold 1,146 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $93.76, for a total value of $107,448.96. Following the completion of the sale, the director now directly owns 54,850 shares in the company, valued at $5,142,736. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

About A.O. Smith Corp.

A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.

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