Mitsubishi UFJ Trust & Banking Corp Has $57.09 Million Stock Holdings in A. O. Smith Co. (NYSE:AOS)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in A. O. Smith Co. (NYSE:AOS) by 42.6% in the second quarter, HoldingsChannel reports. The firm owned 792,236 shares of the industrial products company’s stock after buying an additional 236,541 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in A. O. Smith were worth $57,088,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Impax Asset Management Group plc grew its holdings in A. O. Smith by 46.8% in the second quarter. Impax Asset Management Group plc now owns 1,651,322 shares of the industrial products company’s stock worth $118,994,000 after purchasing an additional 526,622 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of A. O. Smith by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 1,486,149 shares of the industrial products company’s stock valued at $100,479,000 after buying an additional 38,317 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of A. O. Smith by 18.5% in the first quarter. Bank of Montreal Can now owns 1,321,295 shares of the industrial products company’s stock valued at $88,303,000 after buying an additional 206,708 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of A. O. Smith by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,112,009 shares of the industrial products company’s stock valued at $75,192,000 after buying an additional 20,354 shares in the last quarter. Finally, FIL Ltd lifted its stake in shares of A. O. Smith by 13.6% in the first quarter. FIL Ltd now owns 1,089,997 shares of the industrial products company’s stock valued at $73,695,000 after buying an additional 130,189 shares in the last quarter. Institutional investors and hedge funds own 74.13% of the company’s stock.

AOS opened at $64.06 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.75 and a quick ratio of 1.38. The company’s 50-day moving average is $70.21 and its 200 day moving average is $69.29. A. O. Smith Co. has a fifty-two week low of $51.04 and a fifty-two week high of $73.81. The firm has a market capitalization of $10.20 billion, a P/E ratio of 23.55, a PEG ratio of 2.83 and a beta of 1.06.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Wednesday, July 28th. The industrial products company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. A. O. Smith had a net margin of 13.69% and a return on equity of 24.38%. The company had revenue of $859.80 million for the quarter, compared to analyst estimates of $825.48 million. During the same period last year, the firm earned $0.45 earnings per share. On average, equities research analysts expect that A. O. Smith Co. will post 2.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Friday, July 30th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, July 29th. A. O. Smith’s payout ratio is currently 48.15%.

Separately, Rosenblatt Securities raised their price objective on shares of A. O. Smith from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, July 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $64.14.

About A. O. Smith

A. O. Smith Corp. manufactures residential and commercial gas and electric water heaters, boilers, tanks and water treatment products. It operates through the following two segments: North America and Rest of World. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks.

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

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