Caisse DE Depot ET Placement DU Quebec lowered its holdings in A. O. Smith Corp (NYSE:AOS) by 6.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 19,500 shares of the industrial products company’s stock after selling 1,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in A. O. Smith were worth $1,153,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AOS. Signet Financial Management LLC bought a new stake in shares of A. O. Smith in the 2nd quarter valued at about $119,000. Captrust Financial Advisors raised its holdings in shares of A. O. Smith by 83.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,264 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 1,031 shares in the last quarter. Federated Investors Inc. PA bought a new stake in shares of A. O. Smith in the 2nd quarter valued at about $145,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of A. O. Smith in the 1st quarter valued at about $150,000. Finally, Csenge Advisory Group bought a new stake in shares of A. O. Smith in the 1st quarter valued at about $201,000. Institutional investors and hedge funds own 75.02% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Oppenheimer reiterated a “hold” rating on shares of A. O. Smith in a research note on Wednesday, July 25th. BMO Capital Markets reiterated a “buy” rating and set a $73.00 price objective on shares of A. O. Smith in a research note on Thursday, July 26th. SunTrust Banks reiterated a “buy” rating and set a $71.00 price objective on shares of A. O. Smith in a research note on Thursday, July 26th. Finally, ValuEngine lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $70.71.

In other A. O. Smith news, Director Paul W. Jones sold 4,591 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $58.92, for a total transaction of $270,501.72. Following the sale, the director now owns 214,558 shares of the company’s stock, valued at approximately $12,641,757.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.28% of the stock is currently owned by insiders.

NYSE AOS opened at $59.36 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.15 and a quick ratio of 1.77. The company has a market cap of $10.07 billion, a P/E ratio of 24.58, a PEG ratio of 1.88 and a beta of 1.44. A. O. Smith Corp has a 52 week low of $56.30 and a 52 week high of $68.39.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. The firm had revenue of $833.30 million during the quarter, compared to analyst estimates of $811.72 million. A. O. Smith had a net margin of 10.50% and a return on equity of 24.67%. A. O. Smith’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. research analysts forecast that A. O. Smith Corp will post 2.61 earnings per share for the current fiscal year.

A. O. Smith Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large 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 filtrations 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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