Dynamic Technology Lab Private Ltd acquired a new position in shares of Smith (A.O.) Corporation (NYSE:AOS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,123 shares of the industrial products company’s stock, valued at approximately $245,000.

Other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank grew 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 valued at $102,000 after buying an additional 191 shares during the period. Tower Research Capital LLC TRC grew 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 valued at $103,000 after buying an additional 1,655 shares during the period. Northwestern Mutual Wealth Management Co. grew 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 valued at $112,000 after buying an additional 119 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in Smith (A.O.) in the 2nd quarter valued at about $124,000. Finally, Hudock Capital Group LLC purchased a new stake in Smith (A.O.) in the 2nd quarter valued at about $156,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.

In related news, insider Kevin J. Wheeler sold 13,293 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $61.49, for a total transaction of $817,386.57. Following the transaction, the insider now directly owns 30,748 shares of the company’s stock, valued at approximately $1,890,694.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter R. Martineau sold 9,723 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $59.02, for a total value of $573,851.46. The disclosure for this sale can be found here. Insiders have sold a total of 100,156 shares of company stock worth $6,092,537 over the last three months. 1.27% of the stock is currently owned by corporate insiders.

Several research firms have commented on AOS. Stifel Nicolaus restated a “hold” rating and issued a $56.00 price target on shares of Smith (A.O.) in a report on Friday, August 11th. Robert W. Baird reiterated a “buy” rating and set a $64.00 target price on shares of Smith (A.O.) in a report on Wednesday, October 4th. Boenning Scattergood cut Smith (A.O.) from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 25th. KeyCorp reiterated a “hold” rating on shares of Smith (A.O.) in a report on Tuesday, September 12th. Finally, Zacks Investment Research cut 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 assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $62.80.

Shares of Smith (AOS) opened at $61.40 on Thursday. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 0.27. Smith has a fifty-two week low of $46.44 and a fifty-two week high of $63.70. The stock has a market capitalization of $10,587.33, a PE ratio of 30.19, a PEG ratio of 2.32 and a beta of 1.55.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, October 30th. Smith (A.O.)’s dividend payout ratio (DPR) is presently 27.45%.

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About Smith (A.O.)

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.) (NYSE:AOS)

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