Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Smith (A.O.) Corporation (NYSE:AOS) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,271 shares of the industrial products company’s stock after buying an additional 9,130 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Smith (A.O.) Corporation were worth $2,719,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of 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. 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. Finally, Advisors Asset Management Inc. raised its stake in shares of Smith (A.O.) Corporation by 9.2% in the first quarter. Advisors Asset Management Inc. now owns 46,053 shares of the industrial products company’s stock valued at $2,356,000 after buying an additional 3,877 shares during the last quarter. Hedge funds and other institutional investors own 74.09% of the company’s stock.

Smith (NYSE:AOS) opened at 55.69 on Friday. The stock’s 50 day moving average price is $54.84 and its 200 day moving average price is $53.54. The firm has a market cap of $9.61 billion, a P/E ratio of 28.27 and a beta of 1.51. Smith has a 1-year low of $43.66 and a 1-year high of $57.97.

Smith (A.O.) Corporation (NYSE:AOS) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, meeting the Zacks’ 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 business had revenue of $738.20 million during the quarter, compared to analyst estimates of $729.33 million. During the same quarter last year, the company posted $0.49 EPS. Smith (A.O.) Corporation’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts predict that Smith will post $2.11 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.01%. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is 28.43%.

COPYRIGHT VIOLATION NOTICE: This piece was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/09/01/fjarde-ap-fonden-fourth-swedish-national-pension-fund-has-2-72-million-position-in-smith-a-o-corporation-aos.html.

Several equities research analysts have commented on AOS shares. Jefferies Group LLC restated 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 restated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. BMO Capital Markets restated 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. Finally, Robert W. Baird set a $61.00 target price on shares of Smith (A.O.) Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $66.83.

In related news, Director Paul W. Jones sold 60,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total value of $3,241,200.00. Following the completion of the transaction, the director now owns 277,465 shares in the company, valued at approximately $14,988,659.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.27% of the company’s stock.

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.

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

Receive News & Stock Ratings for Smith (A.O.) Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith (A.O.) Corporation and related stocks with our FREE daily email newsletter.