Csenge Advisory Group lessened its holdings in A. O. Smith Corp (NYSE:AOS) by 39.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,011 shares of the industrial products company’s stock after selling 3,328 shares during the period. Csenge Advisory Group’s holdings in A. O. Smith were worth $267,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Mid Atlantic Financial Management Inc. ADV increased its stake in A. O. Smith by 2.6% in the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 8,468 shares of the industrial products company’s stock valued at $452,000 after acquiring an additional 211 shares during the last quarter. Private Capital Group LLC increased its stake in A. O. Smith by 12.5% in the fourth quarter. Private Capital Group LLC now owns 2,080 shares of the industrial products company’s stock valued at $89,000 after acquiring an additional 231 shares during the last quarter. Huntington National Bank increased its stake in A. O. Smith by 82.2% in the first quarter. Huntington National Bank now owns 512 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 231 shares during the last quarter. Lbmc Investment Advisors LLC increased its stake in A. O. Smith by 0.4% in the first quarter. Lbmc Investment Advisors LLC now owns 55,876 shares of the industrial products company’s stock valued at $2,979,000 after acquiring an additional 236 shares during the last quarter. Finally, ETF Managers Group LLC increased its stake in A. O. Smith by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 2,050 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 279 shares during the last quarter. Institutional investors own 75.29% of the company’s stock.

In other news, Director Paul W. Jones sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $49.50, for a total transaction of $49,500.00. Following the transaction, the director now directly owns 182,266 shares of the company’s stock, valued at $9,022,167. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald D. Brown sold 8,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $52.45, for a total value of $419,600.00. Following the transaction, the director now directly owns 35,896 shares in the company, valued at $1,882,745.20. The disclosure for this sale can be found here. Insiders have sold 18,010 shares of company stock worth $944,468 over the last ninety days. Insiders own 1.03% of the company’s stock.

A number of research analysts recently commented on AOS shares. Robert W. Baird increased their target price on A. O. Smith from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Boenning Scattergood reissued a “buy” rating on shares of A. O. Smith in a research note on Tuesday, January 29th. Oppenheimer reissued a “hold” rating on shares of A. O. Smith in a research note on Tuesday, January 29th. BMO Capital Markets cut A. O. Smith from an “outperform” rating to a “market perform” rating and set a $53.00 target price on the stock. in a research note on Wednesday, January 30th. Finally, KeyCorp increased their target price on A. O. Smith from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $58.12.

Shares of NYSE:AOS opened at $43.85 on Monday. A. O. Smith Corp has a 12-month low of $40.34 and a 12-month high of $65.57. The stock has a market cap of $7.33 billion, a PE ratio of 16.80, a P/E/G ratio of 1.65 and a beta of 1.35. The company has a current ratio of 2.25, a quick ratio of 1.82 and a debt-to-equity ratio of 0.18.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). A. O. Smith had a net margin of 13.81% and a return on equity of 25.01%. The company had revenue of $748.20 million for the quarter, compared to the consensus estimate of $764.16 million. During the same period last year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, analysts anticipate that A. O. Smith Corp will post 2.71 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.01%. A. O. Smith’s dividend payout ratio (DPR) is currently 33.72%.

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A. O. Smith Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration products for residences, restaurants, hotels, and offices.

Further Reading: What is the Bid-Ask Spread?

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

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