Verition Fund Management LLC lifted its stake in A. O. Smith Corp (NYSE:AOS) by 168.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,050 shares of the industrial products company’s stock after purchasing an additional 22,352 shares during the period. Verition Fund Management LLC’s holdings in A. O. Smith were worth $555,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Advisor Group Inc. grew its holdings in A. O. Smith by 10.9% during the 4th quarter. Advisor Group Inc. now owns 8,139 shares of the industrial products company’s stock worth $497,000 after acquiring an additional 802 shares in the last quarter. Gulf International Bank UK Ltd grew its holdings in A. O. Smith by 2.0% during the 4th quarter. Gulf International Bank UK Ltd now owns 45,700 shares of the industrial products company’s stock worth $2,800,000 after acquiring an additional 900 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in A. O. Smith by 3.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 29,583 shares of the industrial products company’s stock worth $1,813,000 after acquiring an additional 916 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in A. O. Smith by 4.1% during the 4th quarter. Standard Life Aberdeen plc now owns 27,200 shares of the industrial products company’s stock worth $1,666,000 after acquiring an additional 1,082 shares in the last quarter. Finally, Scotia Capital Inc. grew its holdings in A. O. Smith by 32.6% during the 4th quarter. Scotia Capital Inc. now owns 4,529 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 1,113 shares in the last quarter. Institutional investors own 74.44% of the company’s stock.

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In other news, insider Wilfridus M. Brouwer sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $63.11, for a total value of $1,893,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William P. Greubel sold 17,856 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $66.50, for a total transaction of $1,187,424.00. The disclosure for this sale can be found here. Insiders sold a total of 110,635 shares of company stock worth $7,149,622 over the last 90 days. Company insiders own 1.28% of the company’s stock.

Several research analysts have issued reports on AOS shares. Zacks Investment Research cut shares of A. O. Smith from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Stifel Nicolaus reiterated a “hold” rating and set a $59.00 target price on shares of A. O. Smith in a report on Monday, December 11th. BMO Capital Markets reiterated a “buy” rating and set a $78.00 target price on shares of A. O. Smith in a report on Friday, January 26th. Boenning Scattergood reiterated a “hold” rating on shares of A. O. Smith in a report on Tuesday, January 30th. Finally, Robert W. Baird reiterated a “buy” rating and set a $70.00 target price on shares of A. O. Smith in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $67.83.

Shares of A. O. Smith stock opened at $65.65 on Thursday. A. O. Smith Corp has a 1-year low of $49.48 and a 1-year high of $68.39. The firm has a market cap of $11,269.99, a PE ratio of 38.62, a PEG ratio of 1.92 and a beta of 1.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.24 and a quick ratio of 1.87.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. The business had revenue of $768.60 million for the quarter, compared to analysts’ expectations of $767.45 million. During the same period last year, the business earned $0.47 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. sell-side analysts predict that A. O. Smith Corp will post 2.57 earnings per share for the current fiscal year.

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A. O. Smith Profile

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.

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Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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