Smith (A.O.) Corporation (AOS) Shares Sold by Andra AP fonden
Andra AP fonden cut its stake in shares of Smith (A.O.) Corporation (NYSE:AOS) by 9.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,900 shares of the industrial products company’s stock after selling 5,900 shares during the period. Andra AP fonden’s holdings in Smith (A.O.) Corporation were worth $3,205,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Creative Planning increased its stake in Smith (A.O.) Corporation by 130.9% in the first quarter. Creative Planning now owns 2,949 shares of the industrial products company’s stock valued at $151,000 after buying an additional 1,672 shares during the period. Bank of Montreal Can increased its stake in Smith (A.O.) Corporation by 22.5% in the first quarter. Bank of Montreal Can now owns 64,835 shares of the industrial products company’s stock valued at $3,316,000 after buying an additional 11,895 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in Smith (A.O.) Corporation by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,939 shares of the industrial products company’s stock valued at $188,000 after buying an additional 161 shares during the period. Korea Investment CORP bought a new stake in Smith (A.O.) Corporation during the first quarter valued at $102,000. Finally, Russell Investments Group Ltd. increased its stake in Smith (A.O.) Corporation by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 340,207 shares of the industrial products company’s stock valued at $17,405,000 after buying an additional 19,653 shares during the period. 74.09% of the stock is owned by hedge funds and other institutional investors.
Smith (NYSE:AOS) opened at 55.69 on Friday. The stock’s 50 day moving average is $54.84 and its 200-day moving average is $53.54. Smith has a one year low of $43.66 and a one year high of $57.97. The firm has a market capitalization of $9.61 billion, a PE ratio of 28.27 and a beta of 1.51.
Smith (A.O.) Corporation (NYSE:AOS) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $738.20 million during the quarter, compared to analyst estimates of $729.33 million. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. Smith (A.O.) Corporation’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. On average, analysts anticipate that Smith will post $2.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a $0.14 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.56 annualized dividend and a dividend yield of 1.01%. Smith (A.O.) Corporation’s payout ratio is 28.43%.
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AOS has been the subject of several research analyst reports. Jefferies Group LLC set a $60.00 price target on shares of Smith (A.O.) Corporation and gave the company a “buy” rating in a research note on Thursday, June 1st. BidaskClub cut shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a report on Wednesday, July 26th. BMO Capital Markets reiterated a “buy” rating and set a $60.00 price objective on shares of Smith (A.O.) Corporation in a report on Friday, July 28th. Finally, Zacks Investment Research cut shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Smith (A.O.) Corporation has a consensus rating of “Buy” and an average price target of $66.83.
In related news, Director Paul W. Jones sold 60,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 277,465 shares in the company, valued at approximately $14,988,659.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.27% of the stock is owned by company insiders.
About Smith (A.O.) Corporation
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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