Joel Isaacson & Co. LLC maintained its stake in Smith (A.O.) Corporation (NYSE:AOS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,250 shares of the industrial products company’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in Smith (A.O.) Corporation were worth $239,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Smith (A.O.) Corporation by 0.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,246 shares of the industrial products company’s stock valued at $166,000 after buying an additional 22 shares during the period. Somerset Trust Co boosted 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. CENTRAL TRUST Co boosted its stake in shares of Smith (A.O.) Corporation by 3.7% in the second quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock valued at $105,000 after buying an additional 66 shares during the period. Van ECK Associates Corp boosted its stake in shares of Smith (A.O.) Corporation by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,226 shares of the industrial products company’s stock valued at $114,000 after buying an additional 145 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of 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. 74.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of Smith (AOS) opened at 54.03 on Thursday. Smith has a one year low of $43.66 and a one year high of $57.97. The stock has a 50 day moving average price of $55.91 and a 200 day moving average price of $52.96. The company has a market capitalization of $9.45 billion, a PE ratio of 27.43 and a beta of 1.51.

Smith (A.O.) Corporation (NYSE:AOS) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, hitting the 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 firm had revenue of $738.20 million during the quarter, compared to the consensus estimate of $729.33 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts predict that Smith will post $2.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.56 dividend on an annualized basis and a yield of 1.04%. Smith (A.O.) Corporation’s payout ratio is 28.43%.

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Several brokerages have recently issued reports on AOS. Jefferies Group LLC reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a report on Friday, July 14th. BidaskClub cut Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Boenning Scattergood reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a report on Wednesday, July 26th. KeyCorp reaffirmed a “sector weight” rating on shares of Smith (A.O.) Corporation in a report on Friday, April 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $66.80.

In other Smith (A.O.) Corporation news, insider John J. Kita sold 12,200 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $56.32, for a total value of $687,104.00. Following the completion of the sale, the insider now owns 85,067 shares in the company, valued at approximately $4,790,973.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $3,241,200.00. Following the completion of the sale, the director now owns 277,465 shares of the company’s stock, valued at approximately $14,988,659.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,400 shares of company stock valued at $5,734,444. 1.27% of the stock is owned by insiders.

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.

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

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