ING Groep NV trimmed its holdings in shares of Smith (A.O.) Corporation (NYSE:AOS) by 64.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,606 shares of the industrial products company’s stock after selling 6,445 shares during the period. ING Groep NV’s holdings in Smith (A.O.) were worth $214,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AOS. Toronto Dominion Bank raised its holdings in Smith (A.O.) by 11.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 191 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Smith (A.O.) by 973.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 1,655 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Smith (A.O.) by 6.4% in the 2nd 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. purchased a new position in Smith (A.O.) in the 2nd quarter worth approximately $113,000. Finally, Mountain Capital Investment Advisors Inc purchased a new position in Smith (A.O.) in the 2nd quarter worth approximately $124,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.

In other Smith (A.O.) news, VP James F. Stern sold 12,423 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $62.28, for a total transaction of $773,704.44. Following the completion of the sale, the vice president now directly owns 146,257 shares in the company, valued at approximately $9,108,885.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Peter R. Martineau sold 22,267 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $59.33, for a total transaction of $1,321,101.11. Following the sale, the insider now owns 17,528 shares of the company’s stock, valued at $1,039,936.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,863 shares of company stock valued at $5,275,151. Company insiders own 1.27% of the company’s stock.

Shares of Smith (AOS) opened at $62.81 on Friday. The firm has a market cap of $10,903.67, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 2.38 and a beta of 1.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.92 and a current ratio of 2.32. Smith has a 12 month low of $46.44 and a 12 month high of $63.70.

Smith (A.O.) (NYSE:AOS) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $749.90 million during the quarter, compared to analyst estimates of $741.28 million. Smith (A.O.) had a net margin of 12.18% and a return on equity of 22.42%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. equities research analysts predict that Smith will post 2.13 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.56 dividend on an annualized basis and a yield of 0.89%. Smith (A.O.)’s dividend payout ratio is presently 27.45%.

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and issued a $56.00 price objective on shares of Smith (A.O.) in a report on Friday, August 11th. Robert W. Baird restated a “buy” rating and issued a $64.00 price objective on shares of Smith (A.O.) in a report on Wednesday, October 4th. Boenning Scattergood lowered shares of Smith (A.O.) from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 25th. KeyCorp restated a “hold” rating on shares of Smith (A.O.) in a report on Tuesday, September 12th. Finally, Zacks Investment Research lowered shares of Smith (A.O.) from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Smith (A.O.) has a consensus rating of “Hold” and an average target price of $62.80.

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Smith (A.O.) 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.) (NYSE:AOS)

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