Zacks Investment Management decreased its position in A.O. Smith Corp. (NYSE:AOS) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,648 shares of the company’s stock after selling 2,265 shares during the period. Zacks Investment Management owned 0.14% of A.O. Smith Corp. worth $10,454,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. M&T Bank Corp increased its stake in A.O. Smith Corp. by 13.3% in the first quarter. M&T Bank Corp now owns 3,445 shares of the company’s stock worth $264,000 after buying an additional 405 shares during the last quarter. Geode Capital Management LLC increased its stake in A.O. Smith Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 445,808 shares of the company’s stock worth $34,019,000 after buying an additional 24,477 shares during the last quarter. Renaissance Technologies LLC increased its stake in A.O. Smith Corp. by 58.3% in the first quarter. Renaissance Technologies LLC now owns 251,000 shares of the company’s stock worth $19,154,000 after buying an additional 92,400 shares during the last quarter. A.R.T. Advisors LLC increased its stake in A.O. Smith Corp. by 166.6% in the first quarter. A.R.T. Advisors LLC now owns 21,765 shares of the company’s stock worth $1,660,000 after buying an additional 13,600 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in A.O. Smith Corp. by 2.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 71,069 shares of the company’s stock worth $5,423,000 after buying an additional 1,733 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

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

Shares of A.O. Smith Corp. (NYSE:AOS) traded down 0.52% during mid-day trading on Friday, reaching $48.06. The company’s stock had a trading volume of 1,112,692 shares. A.O. Smith Corp. has a 12-month low of $30.15 and a 12-month high of $51.49. The company’s 50-day moving average price is $47.95 and its 200-day moving average price is $44.97. The stock has a market capitalization of $8.36 billion, a P/E ratio of 26.25 and a beta of 1.40.

A.O. Smith Corp. (NYSE:AOS) last announced its earnings results on Wednesday, October 26th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. A.O. Smith Corp. had a return on equity of 21.84% and a net margin of 12.32%. The company had revenue of $683.90 million for the quarter, compared to analyst estimates of $577.20 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that A.O. Smith Corp. will post $1.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.00%. A.O. Smith Corp.’s payout ratio is 26.30%.

Several research analysts have issued reports on the stock. KeyCorp restated a “buy” rating and set a $107.00 price target on shares of A.O. Smith Corp. in a research note on Thursday, October 6th. Zacks Investment Research upgraded shares of A.O. Smith Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 15th. Jefferies Group decreased their price target on shares of A.O. Smith Corp. from $55.50 to $43.00 and set a “buy” rating for the company in a research note on Friday, September 23rd. Finally, BMO Capital Markets set a $53.00 price target on shares of A.O. Smith Corp. and gave the company a “buy” rating in a research note on Monday, August 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. A.O. Smith Corp. has an average rating of “Buy” and an average target price of $53.79.

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

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