IFP Advisors Inc increased its stake in Smith (A.O.) Corporation (NYSE:AOS) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 9,459 shares of the industrial products company’s stock after buying an additional 354 shares during the period. IFP Advisors Inc’s holdings in Smith (A.O.) Corporation were worth $533,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. raised its stake in shares of Smith (A.O.) Corporation by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,939 shares of the industrial products company’s stock valued at $188,000 after buying an additional 161 shares during the last quarter. Conestoga Capital Advisors LLC increased its position 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 period. DnB Asset Management AS increased its position in Smith (A.O.) Corporation by 56.9% in the first quarter. DnB Asset Management AS now owns 18,200 shares of the industrial products company’s stock valued at $931,000 after buying an additional 6,600 shares during the period. Cim LLC increased its position in Smith (A.O.) Corporation by 4.3% in the first quarter. Cim LLC now owns 18,851 shares of the industrial products company’s stock valued at $965,000 after buying an additional 784 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Smith (A.O.) Corporation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 37,200 shares of the industrial products company’s stock valued at $1,903,000 after buying an additional 700 shares during the period. Institutional investors own 74.64% of the company’s stock.

Smith (NYSE AOS) opened at 53.68 on Friday. The company has a market capitalization of $9.26 billion, a P/E ratio of 27.25 and a beta of 1.51. Smith has a one year low of $43.66 and a one year high of $57.97. The firm has a 50-day moving average of $55.75 and a 200 day moving average of $53.01.

Smith (A.O.) Corporation (NYSE:AOS) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The business had revenue of $738.20 million during the quarter, compared to analyst estimates of $729.33 million. During the same quarter last year, the business earned $0.49 earnings per share. Smith (A.O.) Corporation’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 fiscal 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 is Thursday, July 27th. This represents a $0.56 annualized dividend and a yield of 1.04%. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is currently 28.43%.

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Several research analysts recently commented on AOS shares. Zacks Investment Research downgraded shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $56.00 price objective on shares of Smith (A.O.) Corporation in a report on Friday. KeyCorp reaffirmed 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. BidaskClub downgraded shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Smith (A.O.) Corporation currently has an average rating of “Buy” and an average price target of $68.00.

In other news, Director Paul W. Jones sold 60,000 shares of the stock in a transaction on 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 sale, the director now owns 277,465 shares of the company’s stock, valued at $14,988,659.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP James F. Stern sold 25,200 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $54.45, for a total transaction of $1,372,140.00. Following the completion of the sale, the vice president now directly owns 176,583 shares in the company, valued at approximately $9,614,944.35. The disclosure for this sale can be found here. Insiders have sold 105,400 shares of company stock valued at $5,734,444 in the last quarter. 1.27% of the stock is owned by company insiders.

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

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