Advisor Group Inc. lifted its stake in Smith (A.O.) Corporation (NYSE:AOS) by 27.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,337 shares of the industrial products company’s stock after purchasing an additional 1,593 shares during the period. Advisor Group Inc.’s holdings in Smith (A.O.) were worth $436,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Toronto Dominion Bank lifted its holdings in Smith (A.O.) by 11.8% during the second quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 191 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Smith (A.O.) by 973.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 1,655 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Smith (A.O.) by 6.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 119 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in Smith (A.O.) during the second quarter worth about $113,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Smith (A.O.) during the second quarter worth about $124,000. Institutional investors and hedge funds own 73.72% of the company’s stock.

In other Smith (A.O.) news, insider Peter R. Martineau sold 22,267 shares of Smith (A.O.) stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $59.33, for a total value of $1,321,101.11. Following the sale, the insider now owns 17,528 shares of the company’s stock, valued at approximately $1,039,936.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Charles T. Lauber sold 7,594 shares of Smith (A.O.) stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $59.85, for a total value of $454,500.90. Following the completion of the sale, the senior vice president now directly owns 26,240 shares in the company, valued at approximately $1,570,464. The disclosure for this sale can be found here. Insiders sold a total of 50,542 shares of company stock worth $3,013,921 in the last three months. Company insiders own 1.27% of the company’s stock.

AOS has been the topic of several recent analyst reports. Boenning Scattergood lowered Smith (A.O.) from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 25th. BMO Capital Markets reiterated a “buy” rating and set a $60.00 target price on shares of Smith (A.O.) in a report on Wednesday, September 6th. Stifel Nicolaus reiterated a “hold” rating and set a $59.00 target price on shares of Smith (A.O.) in a report on Thursday, October 12th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $65.00 target price on shares of Smith (A.O.) in a report on Thursday, October 12th. Finally, Robert W. Baird reiterated a “buy” rating and set a $68.00 target price on shares of Smith (A.O.) in a report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Smith (A.O.) has an average rating of “Hold” and an average target price of $62.80.

Smith (NYSE AOS) opened at $60.58 on Friday. Smith has a twelve month low of $46.44 and a twelve month high of $62.16. The firm has a market capitalization of $10,415.40, a PE ratio of 29.70, a price-to-earnings-growth ratio of 2.28 and a beta of 1.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.92 and a current ratio of 2.32.

Smith (A.O.) (NYSE:AOS) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Smith (A.O.) had a return on equity of 22.42% and a net margin of 12.18%. The firm had revenue of $749.90 million for the quarter, compared to the consensus estimate of $741.28 million. During the same quarter last year, the business posted $0.47 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. equities analysts predict that Smith will post 2.13 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Monday, October 30th. Smith (A.O.)’s dividend payout ratio is 27.45%.

WARNING: “Advisor Group Inc. Buys 1,593 Shares of Smith (A.O.) Corporation (AOS)” was posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/advisor-group-inc-buys-1593-shares-of-smith-a-o-corporation-aos/1727213.html.

Smith (A.O.) Company 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.

Institutional Ownership by Quarter for Smith (A.O.) (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 Analyst Ratings Network's FREE daily email newsletter.