GAM Holding AG boosted its stake in shares of Smith (A.O.) Corporation (NYSE:AOS) by 26.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,968 shares of the industrial products company’s stock after buying an additional 4,170 shares during the period. GAM Holding AG’s holdings in Smith (A.O.) Corporation were worth $1,125,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Arizona State Retirement System increased its stake in shares of Smith (A.O.) Corporation by 7.6% in the first quarter. Arizona State Retirement System now owns 61,300 shares of the industrial products company’s stock valued at $3,136,000 after buying an additional 4,314 shares during the period. Credit Suisse AG increased its stake in shares of Smith (A.O.) Corporation by 2.1% in the first quarter. Credit Suisse AG now owns 397,500 shares of the industrial products company’s stock valued at $20,336,000 after buying an additional 8,207 shares during the period. Somerset Trust Co increased its stake in shares of Smith (A.O.) Corporation by 0.4% in the second quarter. Somerset Trust Co now owns 12,433 shares of the industrial products company’s stock valued at $701,000 after buying an additional 55 shares during the period. Wellington Management Group LLP increased its stake in shares of Smith (A.O.) Corporation by 2.3% in the first quarter. Wellington Management Group LLP now owns 137,106 shares of the industrial products company’s stock valued at $7,015,000 after buying an additional 3,092 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Smith (A.O.) Corporation by 9.2% in the first quarter. Advisors Asset Management Inc. now owns 46,053 shares of the industrial products company’s stock valued at $2,356,000 after buying an additional 3,877 shares during the period. Institutional investors own 74.09% of the company’s stock.

Shares of Smith (NYSE AOS) opened at 55.69 on Friday. The firm has a market capitalization of $9.61 billion, a P/E ratio of 28.27 and a beta of 1.51. Smith has a 1-year low of $43.66 and a 1-year high of $57.97. The stock’s 50 day moving average is $54.84 and its 200 day moving average is $53.54.

Smith (A.O.) Corporation (NYSE:AOS) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.53. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The company had revenue of $738.20 million for the quarter, compared to the consensus estimate of $729.33 million. During the same period in the prior year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities analysts predict that Smith will post $2.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Thursday, July 27th. Smith (A.O.) Corporation’s dividend payout ratio is presently 28.43%.

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Several equities research analysts have weighed in on AOS shares. Jefferies Group LLC restated a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Friday, July 14th. BidaskClub downgraded shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BMO Capital Markets restated a “buy” rating and issued a $60.00 target price on shares of Smith (A.O.) Corporation in a research note on Friday, July 28th. Finally, Robert W. Baird set a $61.00 target price on shares of Smith (A.O.) Corporation and gave the company a “buy” rating in a research note on Thursday, August 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Smith (A.O.) Corporation currently has an average rating of “Buy” and an average price target of $66.83.

In other Smith (A.O.) Corporation news, Director Paul W. Jones sold 60,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $54.02, for a total value of $3,241,200.00. Following the sale, the director now directly owns 277,465 shares of the company’s stock, valued at approximately $14,988,659.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.27% of the company’s stock.

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

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