BNP Paribas Arbitrage SA boosted its position in shares of Smith (A.O.) Corporation (NYSE:AOS) by 52.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,703 shares of the industrial products company’s stock after buying an additional 24,541 shares during the period. BNP Paribas Arbitrage SA’s holdings in Smith (A.O.) Corporation were worth $4,039,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in shares of 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 raised its stake in shares of 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 raised its stake in shares of 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. IFP Advisors Inc raised its stake in shares of Smith (A.O.) Corporation by 26.2% in the first quarter. IFP Advisors Inc now owns 9,105 shares of the industrial products company’s stock valued at $466,000 after buying an additional 1,891 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Smith (A.O.) Corporation by 2.3% in the first quarter. Wellington Management Group LLP now owns 137,106 shares of the industrial products company’s stock valued at $7,015,000 after buying an additional 3,092 shares during the last quarter. Institutional investors own 74.89% of the company’s stock.

Smith (AOS) opened at 53.90 on Friday. Smith has a 1-year low of $43.66 and a 1-year high of $57.97. The stock has a market capitalization of $9.30 billion, a P/E ratio of 27.36 and a beta of 1.51. The firm’s 50 day moving average is $55.11 and its 200 day moving average is $53.39.

Smith (A.O.) Corporation (NYSE:AOS) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $738.20 million during 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 quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. On average, equities research analysts anticipate that Smith will post $2.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, July 27th. Smith (A.O.) Corporation’s dividend payout ratio is currently 28.43%.

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AOS has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Friday, July 14th. BidaskClub lowered shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $60.00 target price on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $66.83.

In other news, Director Paul W. Jones sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total transaction of $3,241,200.00. Following the completion of the transaction, the director now directly owns 277,465 shares of the company’s stock, valued at $14,988,659.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John J. Kita sold 12,200 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $56.32, for a total value of $687,104.00. Following the transaction, the insider now directly owns 85,067 shares of the company’s stock, valued at $4,790,973.44. The disclosure for this sale can be found here. 1.27% of the stock is owned by 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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