Prudential Financial Inc. raised its holdings in shares of Smith (A.O.) Corporation (NYSE:AOS) by 27.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 207,964 shares of the industrial products company’s stock after acquiring an additional 44,479 shares during the period. Prudential Financial Inc. owned approximately 0.12% of Smith (A.O.) Corporation worth $12,359,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank grew its holdings in shares of Smith (A.O.) Corporation by 11.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock valued at $102,000 after buying an additional 191 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Smith (A.O.) Corporation by 973.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock valued at $103,000 after buying an additional 1,655 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Smith (A.O.) Corporation by 6.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock valued at $112,000 after buying an additional 119 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Smith (A.O.) Corporation in the 2nd quarter valued at $113,000. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Smith (A.O.) Corporation in the 2nd quarter valued at $124,000. 73.72% of the stock is owned by institutional investors.

Shares of Smith (NYSE:AOS) opened at $60.77 on Wednesday. Smith has a 52 week low of $46.44 and a 52 week high of $62.16. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.27. The firm has a market cap of $10,228.00, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 2.24 and a beta of 1.54.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Monday, October 30th. Smith (A.O.) Corporation’s dividend payout ratio is currently 27.45%.

AOS has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $60.00 target price on shares of Smith (A.O.) Corporation in a report on Friday, July 28th. Boenning Scattergood cut shares of Smith (A.O.) Corporation from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 25th. Robert W. Baird set a $61.00 target price on shares of Smith (A.O.) Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. Stifel Nicolaus restated a “hold” rating and set a $59.00 target price on shares of Smith (A.O.) Corporation in a research report on Thursday, October 12th. Finally, KeyCorp restated a “hold” rating on shares of Smith (A.O.) Corporation in a research report on Tuesday, September 12th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $62.80.

In other Smith (A.O.) Corporation news, insider Peter R. Martineau sold 22,267 shares of Smith (A.O.) Corporation stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $59.33, for a total value of $1,321,101.11. Following the sale, the insider now owns 17,528 shares of the company’s stock, valued at $1,039,936.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Idelle K. Wolf sold 2,000 shares of Smith (A.O.) Corporation stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $60.00, for a total transaction of $120,000.00. Following the completion of the sale, the director now directly owns 52,053 shares in the company, valued at approximately $3,123,180. The disclosure for this sale can be found here. Insiders have sold 41,584 shares of company stock valued at $2,469,453 over the last quarter. Corporate insiders own 1.27% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.watchlistnews.com/smith-a-o-corporation-aos-shares-bought-by-prudential-financial-inc/1719406.html.

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.

Want to see what other hedge funds are holding AOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smith (A.O.) Corporation (NYSE:AOS).

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

Receive News & Ratings for Smith (A.O.) Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith (A.O.) Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.