Candriam Luxembourg S.C.A. purchased a new stake in shares of Smith (A.O.) Corporation (NYSE:AOS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,658 shares of the industrial products company’s stock, valued at approximately $396,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of AOS. Toronto Dominion Bank boosted its position in Smith (A.O.) by 11.8% during the second quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 191 shares during the period. Tower Research Capital LLC TRC raised its stake in Smith (A.O.) by 973.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 1,655 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Smith (A.O.) by 6.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 119 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in Smith (A.O.) in the second quarter valued at approximately $113,000. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Smith (A.O.) in the second quarter valued at approximately $124,000. Institutional investors own 75.27% of the company’s stock.
In other Smith (A.O.) news, Chairman Ajita G. Rajendra sold 3,610 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $62.74, for a total transaction of $226,491.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ajita G. Rajendra sold 15,000 shares of Smith (A.O.) stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $61.81, for a total value of $927,150.00. Following the completion of the sale, the chief executive officer now owns 299,369 shares in the company, valued at approximately $18,503,997.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,156 shares of company stock valued at $6,092,537. Company insiders own 1.27% of the company’s stock.
Smith (NYSE:AOS) traded down $0.18 on Wednesday, hitting $61.40. The stock had a trading volume of 700,302 shares, compared to its average volume of 1,005,534. Smith has a fifty-two week low of $46.44 and a fifty-two week high of $63.70. The company has a market cap of $10,693.92, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 2.34 and a beta of 1.55. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.27.
Smith (A.O.) (NYSE:AOS) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Smith (A.O.) had a return on equity of 22.42% and a net margin of 12.18%. The company had revenue of $749.90 million for the quarter, compared to the consensus estimate of $741.28 million. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities analysts forecast that Smith will post 2.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Monday, October 30th. Smith (A.O.)’s payout ratio is 27.45%.
Several research analysts have commented on the stock. Stifel Nicolaus reissued a “hold” rating and set a $56.00 price target on shares of Smith (A.O.) in a research note on Friday, August 11th. Zacks Investment Research cut shares of Smith (A.O.) from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird set a $61.00 price target on shares of Smith (A.O.) and gave the company a “buy” rating in a report on Thursday, August 24th. KeyCorp restated a “hold” rating on shares of Smith (A.O.) in a report on Tuesday, September 12th. Finally, SunTrust Banks reissued a “buy” rating and issued a $65.00 target price on shares of Smith (A.O.) in a research report on Thursday, October 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $62.80.
About Smith (A.O.)
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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