UBS Asset Management Americas Inc. raised its position in shares of A.O. Smith Corp. (NYSE:AOS) by 47.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 191,577 shares of the company’s stock after buying an additional 61,304 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.22% of A.O. Smith Corp. worth $16,881,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its position in shares of A.O. Smith Corp. by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,152,857 shares of the company’s stock worth $164,285,000 after buying an additional 11,859 shares in the last quarter. Pictet Asset Management Ltd. increased its position in shares of A.O. Smith Corp. by 3.5% in the first quarter. Pictet Asset Management Ltd. now owns 2,070,601 shares of the company’s stock worth $145,729,000 after buying an additional 70,131 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of A.O. Smith Corp. by 10.3% in the second quarter. Bank of New York Mellon Corp now owns 1,018,733 shares of the company’s stock worth $89,761,000 after buying an additional 95,317 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of A.O. Smith Corp. by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 977,835 shares of the company’s stock worth $74,618,000 after buying an additional 223,091 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its position in shares of A.O. Smith Corp. by 117.8% in the second quarter. Frontier Capital Management Co. LLC now owns 727,192 shares of the company’s stock worth $64,073,000 after buying an additional 393,248 shares in the last quarter. 76.32% of the stock is owned by hedge funds and other institutional investors.

Shares of A.O. Smith Corp. (NYSE:AOS) traded up 0.69% during mid-day trading on Wednesday, hitting $93.92. The stock had a trading volume of 145,326 shares. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 26.60 and a beta of 1.49. The firm has a 50 day moving average of $94.36 and a 200 day moving average of $84.85. A.O. Smith Corp. has a one year low of $60.30 and a one year high of $98.38. A.O. Smith Corp.’s stock is scheduled to split on the morning of Thursday, October 6th. The 2-1 split was announced on Wednesday, September 7th. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, October 5th.

A.O. Smith Corp. (NYSE:AOS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.08. The business had revenue of $667 million for the quarter, compared to analyst estimates of $696.69 million. A.O. Smith Corp. had a return on equity of 21.57% and a net margin of 12.23%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. On average, analysts forecast that A.O. Smith Corp. will post $3.63 earnings per share for the current year.

A number of research analysts recently commented on AOS shares. Zacks Investment Research raised A.O. Smith Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Thursday, July 28th. Longbow Research assumed coverage on A.O. Smith Corp. in a report on Friday, June 17th. They issued a “neutral” rating for the company. SunTrust Banks Inc. reduced their target price on A.O. Smith Corp. from $103.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Finally, BMO Capital Markets set a $106.00 target price on A.O. Smith Corp. and gave the stock a “buy” rating in a report on Monday, August 8th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $88.71.

In other news, Director Mark D. Smith sold 1,146 shares of A.O. Smith Corp. stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $93.76, for a total value of $107,448.96. Following the transaction, the director now directly owns 54,850 shares in the company, valued at $5,142,736. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wilfridus M. Brouwer sold 6,200 shares of A.O. Smith Corp. stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $93.29, for a total value of $578,398.00. Following the completion of the transaction, the insider now owns 19,449 shares in the company, valued at $1,814,397.21. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.

A.O. Smith Corp. Company Profile

A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.

5 Day Chart for NYSE:AOS

Receive News & Ratings for A.O. Smith Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A.O. Smith Corp. and related companies with MarketBeat.com's FREE daily email newsletter.