A. O. Smith Co. (NYSE:AOS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of A. O. Smith Co. (NYSE:AOS) by 3.9% during the first quarter, HoldingsChannel reports. The firm owned 533,547 shares of the industrial products company’s stock after selling 21,900 shares during the period. New York State Common Retirement Fund’s holdings in A. O. Smith were worth $36,073,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Tobam lifted its stake in shares of A. O. Smith by 33.5% during the first quarter. Tobam now owns 1,970 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 494 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of A. O. Smith by 28.3% during the first quarter. Vontobel Holding Ltd. now owns 330,316 shares of the industrial products company’s stock worth $22,332,000 after purchasing an additional 72,762 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in shares of A. O. Smith by 5.6% during the first quarter. Banque Cantonale Vaudoise now owns 4,089 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 216 shares in the last quarter. Atria Investments LLC lifted its stake in shares of A. O. Smith by 130.2% during the first quarter. Atria Investments LLC now owns 47,616 shares of the industrial products company’s stock worth $3,219,000 after purchasing an additional 26,933 shares in the last quarter. Finally, Forsta AP Fonden lifted its stake in shares of A. O. Smith by 173.2% during the first quarter. Forsta AP Fonden now owns 77,600 shares of the industrial products company’s stock worth $5,247,000 after purchasing an additional 49,200 shares in the last quarter. Institutional investors own 75.42% of the company’s stock.

Shares of A. O. Smith stock opened at $67.79 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.49 and a current ratio of 1.86. The company has a market capitalization of $10.88 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 2.84 and a beta of 1.05. A. O. Smith Co. has a fifty-two week low of $43.88 and a fifty-two week high of $73.05. The company has a 50-day moving average price of $69.08.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Wednesday, April 28th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The firm had revenue of $769.00 million during the quarter, compared to analyst estimates of $768.60 million. A. O. Smith had a return on equity of 22.37% and a net margin of 12.91%. A. O. Smith’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. On average, equities analysts anticipate that A. O. Smith Co. will post 2.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 17th. Investors of record on Friday, April 30th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.53%. The ex-dividend date was Thursday, April 29th. A. O. Smith’s dividend payout ratio is currently 48.15%.

In other A. O. Smith news, SVP Wallace E. Goodwin sold 2,000 shares of A. O. Smith stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $70.00, for a total value of $140,000.00. Following the completion of the transaction, the senior vice president now directly owns 9,501 shares in the company, valued at $665,070. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gene C. Wulf sold 15,000 shares of A. O. Smith stock in a transaction that occurred on Monday, March 29th. The shares were sold at an average price of $70.00, for a total value of $1,050,000.00. Following the completion of the transaction, the director now owns 83,734 shares of the company’s stock, valued at $5,861,380. The disclosure for this sale can be found here. Over the last three months, insiders sold 144,728 shares of company stock valued at $10,154,676. 1.04% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on AOS shares. Rosenblatt Securities lifted their target price on A. O. Smith from $78.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, May 10th. The Goldman Sachs Group lifted their target price on A. O. Smith from $35.00 to $40.00 and gave the stock a “sell” rating in a research report on Friday, April 30th. Stifel Nicolaus lowered A. O. Smith from a “buy” rating to a “hold” rating and lifted their target price for the stock from $65.00 to $67.00 in a research report on Monday, April 5th. Finally, Zacks Investment Research raised A. O. Smith from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, March 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.88.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.

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

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