AMP Capital Investors Ltd raised its stake in shares of Smith (A.O.) Corporation (NYSE:AOS) by 22.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 42,403 shares of the industrial products company’s stock after purchasing an additional 7,800 shares during the period. AMP Capital Investors Ltd’s holdings in Smith (A.O.) were worth $2,522,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its position in shares of Smith (A.O.) by 49,147.8% in the second quarter. Janus Henderson Group PLC now owns 7,631,439 shares of the industrial products company’s stock valued at $429,879,000 after acquiring an additional 7,615,943 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Smith (A.O.) by 27.6% in the third quarter. Wells Fargo & Company MN now owns 2,023,896 shares of the industrial products company’s stock valued at $120,280,000 after acquiring an additional 438,063 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Smith (A.O.) by 289.8% in the second quarter. Lord Abbett & CO. LLC now owns 550,241 shares of the industrial products company’s stock valued at $30,995,000 after acquiring an additional 409,093 shares in the last quarter. KBC Group NV lifted its position in shares of Smith (A.O.) by 372.8% in the third quarter. KBC Group NV now owns 503,178 shares of the industrial products company’s stock valued at $29,904,000 after acquiring an additional 396,752 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Smith (A.O.) in the second quarter valued at about $383,000. 74.89% of the stock is owned by institutional investors and hedge funds.

Shares of Smith (AOS) opened at $61.28 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.92. The company has a market capitalization of $10,441.19, a PE ratio of 29.77, a P/E/G ratio of 2.28 and a beta of 1.55. Smith has a 52-week low of $46.44 and a 52-week high of $63.70.

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

Several equities analysts have recently commented on the company. Stifel Nicolaus restated a “hold” rating and issued a $59.00 price objective on shares of Smith (A.O.) in a research report on Monday, December 11th. Zacks Investment Research downgraded Smith (A.O.) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Robert W. Baird restated a “buy” rating and issued a $68.00 price objective on shares of Smith (A.O.) in a research report on Friday, October 27th. Boenning Scattergood downgraded Smith (A.O.) from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 25th. Finally, SunTrust Banks restated a “buy” rating and issued a $65.00 price objective on shares of Smith (A.O.) in a research report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $62.40.

In related news, Chairman Ajita G. Rajendra sold 3,610 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $62.74, for a total value of $226,491.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kevin J. Wheeler sold 13,293 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $61.49, for a total value of $817,386.57. Following the completion of the sale, the insider now owns 30,748 shares in the company, valued at $1,890,694.52. The disclosure for this sale can be found here. Insiders sold 100,156 shares of company stock worth $6,092,537 over the last quarter. 1.27% of the stock is owned by company insiders.

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Smith (A.O.) 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 Smith (A.O.) (NYSE:AOS)

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