Tocqueville Asset Management L.P. continued to hold its position in Smith (A.O.) Corporation (NYSE:AOS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,200 shares of the industrial products company’s stock at the end of the second quarter. Tocqueville Asset Management L.P.’s holdings in Smith (A.O.) Corporation were worth $1,983,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Smith (A.O.) Corporation by 2.7% in the first quarter. Vanguard Group Inc. now owns 13,458,672 shares of the industrial products company’s stock worth $688,546,000 after buying an additional 352,139 shares during the last quarter. BlackRock Inc. boosted its position in Smith (A.O.) Corporation by 4,592.7% in the first quarter. BlackRock Inc. now owns 13,065,205 shares of the industrial products company’s stock worth $668,415,000 after buying an additional 12,786,787 shares during the last quarter. Janus Capital Management LLC boosted its position in Smith (A.O.) Corporation by 18.5% in the first quarter. Janus Capital Management LLC now owns 8,349,956 shares of the industrial products company’s stock worth $427,184,000 after buying an additional 1,306,490 shares during the last quarter. State Street Corp boosted its position in Smith (A.O.) Corporation by 12.5% in the first quarter. State Street Corp now owns 7,049,020 shares of the industrial products company’s stock worth $360,634,000 after buying an additional 781,403 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Smith (A.O.) Corporation by 38.1% in the first quarter. Alliancebernstein L.P. now owns 3,679,499 shares of the industrial products company’s stock worth $188,243,000 after buying an additional 1,014,464 shares during the last quarter. Institutional investors own 74.89% of the company’s stock.

Shares of Smith (AOS) opened at 53.90 on Friday. The stock has a market capitalization of $9.30 billion, a PE ratio of 27.36 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 price of $55.11 and a 200 day moving average price of $53.39.

Smith (A.O.) Corporation (NYSE:AOS) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The firm had revenue of $738.20 million during the quarter, compared to the consensus estimate of $729.33 million. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Analysts predict that Smith will post $2.11 earnings per share for the current fiscal year.

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

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A number of equities analysts recently issued reports on AOS shares. Zacks Investment Research cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and set a $56.00 price objective on shares of Smith (A.O.) Corporation in a report on Friday, August 11th. BidaskClub cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Boenning Scattergood restated a “buy” rating on shares of Smith (A.O.) Corporation in a report on Wednesday, July 26th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Smith (A.O.) Corporation in a report on Friday, July 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.83.

In related news, insider John J. Kita sold 12,200 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $56.32, for a total value of $687,104.00. Following the completion of the sale, the insider now directly owns 85,067 shares in the company, valued at approximately $4,790,973.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the director now owns 277,465 shares of the company’s stock, valued at $14,988,659.30. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by corporate insiders.

About Smith (A.O.) Corporation

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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