Westpac Banking Corp reduced its position in shares of Smith (A.O.) Corporation (NYSE:AOS) by 93.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,122 shares of the industrial products company’s stock after selling 124,800 shares during the quarter. Westpac Banking Corp’s holdings in Smith (A.O.) Corporation were worth $458,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. grew its stake in shares of Smith (A.O.) Corporation by 0.7% during the 1st 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. Somerset Trust Co lifted its position in shares of Smith (A.O.) Corporation by 0.4% during the 2nd 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 in the last quarter. CENTRAL TRUST Co lifted its position in shares of Smith (A.O.) Corporation by 3.7% during the 2nd quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock valued at $105,000 after buying an additional 66 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Smith (A.O.) Corporation by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 2,226 shares of the industrial products company’s stock valued at $114,000 after buying an additional 145 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Smith (A.O.) Corporation by 2.2% during the 1st quarter. Stifel Financial Corp now owns 9,478 shares of the industrial products company’s stock valued at $484,000 after buying an additional 203 shares in the last quarter. Institutional investors and hedge funds own 74.10% of the company’s stock.

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AOS has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed a “buy” rating and set a $60.00 price objective on shares of Smith (A.O.) Corporation in a research report on Wednesday, September 6th. Jefferies Group LLC reaffirmed 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 report on Tuesday, August 1st. Zacks Investment Research cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report 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 report on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Smith (A.O.) Corporation currently has a consensus rating of “Buy” and a consensus price target of $66.83.

Smith (NYSE:AOS) opened at 58.22 on Friday. The stock’s 50 day moving average price is $55.00 and its 200-day moving average price is $54.02. The stock has a market capitalization of $10.05 billion, a PE ratio of 29.55 and a beta of 1.49. Smith has a 52-week low of $43.66 and a 52-week high of $58.27.

Smith (A.O.) Corporation (NYSE:AOS) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The firm 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%. Smith (A.O.) Corporation’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. On average, equities analysts expect that Smith will post $2.11 EPS for the current fiscal year.

In related news, Director Paul W. Jones sold 60,000 shares of the firm’s stock in a transaction dated 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 sale, 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 SEC, which can be accessed through this hyperlink. 1.27% of the stock is owned by company insiders.

Smith (A.O.) Corporation 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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