Thrivent Financial For Lutherans Buys 2,160 Shares of Smith (A.O.) Corporation (AOS)
Thrivent Financial For Lutherans grew its stake in shares of Smith (A.O.) Corporation (NYSE:AOS) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,770 shares of the industrial products company’s stock after buying an additional 2,160 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Smith (A.O.) Corporation were worth $1,677,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Amalgamated Bank grew its stake in shares of Smith (A.O.) Corporation by 23.9% during the second quarter. Amalgamated Bank now owns 29,088 shares of the industrial products company’s stock valued at $1,639,000 after buying an additional 5,613 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Smith (A.O.) Corporation by 1.7% in the second quarter. BlackRock Inc. now owns 13,286,159 shares of the industrial products company’s stock worth $748,410,000 after buying an additional 220,954 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Smith (A.O.) Corporation by 16.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,034,495 shares of the industrial products company’s stock valued at $58,268,000 after acquiring an additional 145,271 shares during the last quarter. Oak Ridge Investments LLC lifted its stake in shares of Smith (A.O.) Corporation by 4.3% in the 2nd quarter. Oak Ridge Investments LLC now owns 1,174,447 shares of the industrial products company’s stock valued at $66,157,000 after acquiring an additional 48,219 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Smith (A.O.) Corporation by 6.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 119 shares during the last quarter. 74.00% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Paul W. Jones sold 60,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $14,988,659.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.27% of the company’s stock.
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AOS has been the subject of several analyst reports. Stifel Nicolaus restated a “hold” rating and set a $56.00 target price on shares of Smith (A.O.) Corporation in a report on Friday, August 11th. Zacks Investment Research cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $60.00 price target on shares of Smith (A.O.) Corporation in a research note on Friday, July 28th. BidaskClub downgraded Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $66.83.
Shares of Smith (NYSE:AOS) opened at 59.43 on Monday. Smith has a 12-month low of $43.66 and a 12-month high of $59.60. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 30.17 and a beta of 1.49. The stock’s 50 day moving average is $55.25 and its 200-day moving average is $54.19.
Smith (A.O.) Corporation (NYSE:AOS) last released its earnings results 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. The firm had revenue of $738.20 million for the quarter, compared to the consensus estimate of $729.33 million. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. On average, analysts expect that Smith will post $2.11 earnings per share for the current year.
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.
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