Alps Advisors Inc. purchased a new position in shares of A. O. Smith Corp (NYSE:AOS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,224 shares of the industrial products company’s stock, valued at approximately $565,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. purchased a new stake in shares of A. O. Smith during the first quarter worth approximately $150,000. Dupont Capital Management Corp purchased a new stake in shares of A. O. Smith during the first quarter worth approximately $188,000. IBM Retirement Fund purchased a new stake in shares of A. O. Smith during the first quarter worth approximately $201,000. Csenge Advisory Group purchased a new stake in shares of A. O. Smith during the first quarter worth approximately $201,000. Finally, Creative Planning purchased a new stake in shares of A. O. Smith during the second quarter worth approximately $201,000. Hedge funds and other institutional investors own 74.69% of the company’s stock.

In other news, Chairman Ajita G. Rajendra sold 2,600 shares of the company’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $64.60, for a total value of $167,960.00. Following the transaction, the chairman now owns 301,018 shares of the company’s stock, valued at approximately $19,445,762.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Ajita G. Rajendra sold 10,000 shares of the company’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $64.06, for a total value of $640,600.00. Following the completion of the transaction, the chairman now directly owns 301,018 shares in the company, valued at approximately $19,283,213.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,481 shares of company stock worth $2,013,788. Corporate insiders own 1.28% of the company’s stock.

Several analysts recently commented on the company. Zacks Investment Research cut A. O. Smith from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. SunTrust Banks reiterated a “buy” rating and set a $71.00 price target on shares of A. O. Smith in a research report on Thursday, July 26th. BMO Capital Markets reiterated a “buy” rating and set a $73.00 price target on shares of A. O. Smith in a research report on Thursday, July 26th. Oppenheimer reiterated a “hold” rating on shares of A. O. Smith in a research report on Wednesday, July 25th. Finally, Boenning Scattergood reiterated a “buy” rating and set a $75.00 price target on shares of A. O. Smith in a research report on Wednesday, July 25th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $70.71.

Shares of NYSE:AOS opened at $58.63 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.15 and a quick ratio of 1.77. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 1.83 and a beta of 1.42. A. O. Smith Corp has a 52-week low of $53.42 and a 52-week high of $68.39.

A. O. Smith (NYSE:AOS) last issued its earnings results on Wednesday, July 25th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The company had revenue of $833.30 million during the quarter, compared to analysts’ expectations of $811.72 million. A. O. Smith had a return on equity of 24.67% and a net margin of 10.50%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. equities analysts expect that A. O. Smith Corp will post 2.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, July 30th. A. O. Smith’s dividend payout ratio (DPR) is presently 33.18%.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.

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

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