Trexquant Investment LP boosted its stake in shares of Smith (A.O.) Corporation (NYSE:AOS) by 15.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,840 shares of the industrial products company’s stock after buying an additional 1,740 shares during the period. Trexquant Investment LP’s holdings in Smith (A.O.) Corporation were worth $723,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC increased its stake in Smith (A.O.) Corporation by 94.0% in the first quarter. Conestoga Capital Advisors LLC now owns 24,915 shares of the industrial products company’s stock valued at $1,275,000 after buying an additional 12,075 shares during the last quarter. Arizona State Retirement System increased its stake in Smith (A.O.) Corporation by 7.6% in the first quarter. Arizona State Retirement System now owns 61,300 shares of the industrial products company’s stock valued at $3,136,000 after buying an additional 4,314 shares during the last quarter. Credit Suisse AG increased its stake in Smith (A.O.) Corporation by 2.1% in the first quarter. Credit Suisse AG now owns 397,500 shares of the industrial products company’s stock valued at $20,336,000 after buying an additional 8,207 shares during the last quarter. Somerset Trust Co increased its stake in 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 last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Smith (A.O.) Corporation by 94.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 399,201 shares of the industrial products company’s stock valued at $18,903,000 after buying an additional 193,923 shares during the last quarter. Hedge funds and other institutional investors own 74.64% of the company’s stock.

Smith (NYSE:AOS) opened at 53.54 on Friday. Smith has a 1-year low of $43.66 and a 1-year high of $57.97. The firm has a 50-day moving average price of $55.83 and a 200 day moving average price of $52.97. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 27.18 and a beta of 1.51.

Smith (A.O.) Corporation (NYSE:AOS) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The company had revenue of $738.20 million for the quarter, compared to analyst estimates of $729.33 million. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. Smith (A.O.) Corporation’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. On average, equities research analysts anticipate that Smith will post $2.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, July 27th. Smith (A.O.) Corporation’s dividend payout ratio is currently 28.43%.

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Several analysts recently weighed in on AOS shares. Zacks Investment Research upgraded Smith (A.O.) Corporation from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, April 13th. KeyCorp restated 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. Jefferies Group LLC restated a “buy” rating on shares of Smith (A.O.) Corporation in a report on Friday, July 14th. BidaskClub downgraded Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets restated a “buy” rating and issued a $60.00 price objective on shares of Smith (A.O.) Corporation in a report on Friday, July 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Smith (A.O.) Corporation presently has a consensus rating of “Buy” and an average target price of $66.80.

In other Smith (A.O.) Corporation news, Director Ronald D. Brown sold 8,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was 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 approximately $2,381,358. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $3,241,200.00. Following the completion of the sale, the director now directly owns 277,465 shares in the company, valued at approximately $14,988,659.30. The disclosure for this sale can be found here. Insiders sold a total of 105,400 shares of company stock worth $5,734,444 in the last ninety days. 1.27% of the stock is owned by corporate insiders.

About Smith (A.O.) Corporation

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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