Trillium Asset Management LLC Purchases 1,767 Shares of Smith (A.O.) Corporation (AOS)
Trillium Asset Management LLC boosted its position in shares of Smith (A.O.) Corporation (NYSE:AOS) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 123,905 shares of the industrial products company’s stock after buying an additional 1,767 shares during the period. Trillium Asset Management LLC’s holdings in Smith (A.O.) Corporation were worth $6,980,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Korea Investment CORP purchased a new position in Smith (A.O.) Corporation during the first quarter worth about $102,000. CENTRAL TRUST Co raised its position in 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 worth $105,000 after buying an additional 66 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new position in Smith (A.O.) Corporation during the second quarter worth about $113,000. Van ECK Associates Corp raised its position in 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 worth $114,000 after buying an additional 145 shares during the period. Finally, Creative Planning raised its position 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 worth $151,000 after buying an additional 1,672 shares during the period. Institutional investors own 74.89% of the company’s stock.
Smith (NYSE AOS) opened at 54.13 on Tuesday. The stock’s 50 day moving average is $55.69 and its 200 day moving average is $53.10. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 27.48 and a beta of 1.51. Smith has a one year low of $43.66 and a one year high of $57.97.
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, hitting the Zacks’ consensus estimate of $0.53. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The firm had revenue of $738.20 million during the quarter, compared to analyst estimates of $729.33 million. During the same period last year, the company posted $0.49 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts forecast that Smith will post $2.11 EPS 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 given a dividend of $0.14 per share. 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 1.03%. Smith (A.O.) Corporation’s payout ratio is presently 28.43%.
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AOS has been the topic of a number of recent research reports. BMO Capital Markets restated 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 restated a “buy” rating on shares of Smith (A.O.) Corporation in a report on Wednesday, July 26th. BidaskClub lowered shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “buy” rating on shares of Smith (A.O.) Corporation in a report on Friday, July 14th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $56.00 target price on shares of Smith (A.O.) Corporation in a report on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $68.00.
In other news, insider John J. Kita sold 12,200 shares of Smith (A.O.) Corporation stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $56.32, for a total transaction of $687,104.00. Following the completion of the sale, the insider now directly owns 85,067 shares in the company, valued at approximately $4,790,973.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronald D. Brown sold 8,000 shares of Smith (A.O.) Corporation stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $54.25, for a total value of $434,000.00. Following the sale, the director now owns 43,896 shares of the company’s stock, valued at $2,381,358. The disclosure for this sale can be found here. Insiders have sold a total of 105,400 shares of company stock valued at $5,734,444 over the last 90 days. 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.
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