Keybank National Association OH lowered its holdings in Smith (A.O.) Corporation (NYSE:AOS) by 6.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,089 shares of the industrial products company’s stock after selling 484 shares during the quarter. Keybank National Association OH’s holdings in Smith (A.O.) Corporation were worth $399,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CENTRAL TRUST Co raised its position in Smith (A.O.) Corporation by 3.7% in the second quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 66 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new stake in Smith (A.O.) Corporation in the second quarter valued at $113,000. Van ECK Associates Corp raised its position in Smith (A.O.) Corporation by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,226 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 145 shares during the period. Hudock Capital Group LLC purchased a new stake in Smith (A.O.) Corporation in the second quarter valued at $156,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in Smith (A.O.) Corporation by 0.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,246 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 22 shares during the period. Institutional investors own 74.10% of the company’s stock.

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 transaction, the director now directly owns 277,465 shares of the company’s stock, valued at approximately $14,988,659.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.27% of the company’s stock.

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Shares of Smith (NYSE:AOS) opened at 58.17 on Wednesday. The firm has a market capitalization of $10.04 billion, a PE ratio of 29.53 and a beta of 1.49. The stock has a 50 day moving average price of $54.60 and a 200-day moving average price of $53.86. Smith has a 52 week low of $43.66 and a 52 week high of $58.24.

Smith (A.O.) Corporation (NYSE:AOS) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $738.20 million for 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%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. Equities analysts anticipate that Smith will post $2.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, July 27th. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is currently 28.43%.

AOS has been the topic of a number of research analyst reports. BMO Capital Markets restated a “buy” rating and issued a $60.00 target price on shares of Smith (A.O.) Corporation in a research report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Friday, July 14th. BidaskClub cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Robert W. Baird set a $61.00 price objective on Smith (A.O.) Corporation and gave the company a “buy” rating in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $66.83.

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)

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