AMP Capital Investors Ltd Reduces Position in A. O. Smith Corp (AOS)
AMP Capital Investors Ltd lowered its stake in shares of A. O. Smith Corp (NYSE:AOS) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,003 shares of the industrial products company’s stock after selling 1,400 shares during the quarter. AMP Capital Investors Ltd’s holdings in A. O. Smith were worth $2,513,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in A. O. Smith by 70.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock valued at $171,000 after buying an additional 1,150 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in A. O. Smith in the 4th quarter valued at $210,000. Brookmont Capital Management bought a new stake in A. O. Smith in the 4th quarter valued at $224,000. Dynamic Technology Lab Private Ltd bought a new stake in A. O. Smith in the 3rd quarter valued at $245,000. Finally, Wellington Shields Capital Management LLC bought a new stake in A. O. Smith in the 4th quarter valued at $245,000. 74.44% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Robert J. Heideman sold 11,606 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $61.74, for a total value of $716,554.44. Following the sale, the vice president now owns 34,099 shares in the company, valued at approximately $2,105,272.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William P. Greubel sold 17,856 shares of the business’s stock in a transaction on 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 in the last 90 days. 1.28% of the stock is owned by corporate insiders.
A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $768.60 million for the quarter, compared to the consensus estimate of $767.45 million. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. sell-side analysts expect that A. O. Smith Corp will post 2.57 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Robert W. Baird reissued a “buy” rating and issued a $70.00 price target on shares of A. O. Smith in a report on Wednesday, January 31st. Boenning Scattergood raised shares of A. O. Smith from a “neutral” rating to an “outperform” rating in a report on Thursday. They noted that the move was a valuation call. Stifel Nicolaus reissued a “hold” rating and issued a $59.00 price target on shares of A. O. Smith in a report on Monday, December 11th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $78.00 price target on shares of A. O. Smith in a report on Friday, January 26th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. A. O. Smith currently has a consensus rating of “Buy” and a consensus price target of $67.83.
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About A. O. Smith
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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