Yorktown Management & Research Co Inc held its position in Smith (A.O.) Corporation (NYSE:AOS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,300 shares of the industrial products company’s stock at the close of the second quarter. Yorktown Management & Research Co Inc’s holdings in Smith (A.O.) Corporation were worth $299,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. CENTRAL TRUST Co raised its position in shares of Smith (A.O.) Corporation by 3.7% during the second quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 66 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Smith (A.O.) Corporation by 6.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 119 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Smith (A.O.) Corporation during the second quarter worth $113,000. Van ECK Associates Corp raised its position in shares of Smith (A.O.) Corporation by 7.0% during the first quarter. Van ECK Associates Corp now owns 2,226 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 145 shares during the last quarter. Finally, Hudock Capital Group LLC bought a new stake in shares of Smith (A.O.) Corporation during the second quarter worth $156,000. 74.10% of the stock is currently owned by institutional investors.

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

Smith (NYSE AOS) traded up 0.15% during midday trading on Friday, hitting $58.22. The stock had a trading volume of 1,220,365 shares. Smith has a 52 week low of $43.66 and a 52 week high of $58.27. The company’s 50-day moving average price is $55.00 and its 200 day moving average price is $54.02. The company has a market capitalization of $10.05 billion, a PE ratio of 29.55 and a beta of 1.49.

Smith (A.O.) Corporation (NYSE:AOS) last released 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. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The company had revenue of $738.20 million for the quarter, compared to the consensus estimate of $729.33 million. During the same quarter last year, the business posted $0.49 EPS. Smith (A.O.) Corporation’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts expect that Smith will post $2.11 EPS for the current year.

In related news, Director Paul W. Jones sold 60,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 277,465 shares of the company’s stock, valued at approximately $14,988,659.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.27% of the company’s stock.

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.

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

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