Great West Life Assurance Co. Can lessened its stake in Smith (A.O.) Corporation (NYSE:AOS) by 43.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,916 shares of the industrial products company’s stock after selling 52,604 shares during the period. Great West Life Assurance Co. Can’s holdings in Smith (A.O.) were worth $4,058,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its stake in shares of Smith (A.O.) by 11.8% in the second 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 raised its position in Smith (A.O.) by 973.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 1,655 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Smith (A.O.) by 6.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 119 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Smith (A.O.) in the second quarter worth about $124,000. Finally, Hudock Capital Group LLC acquired a new position in Smith (A.O.) in the second quarter worth about $156,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

Several research firms recently issued reports on AOS. Zacks Investment Research lowered shares of Smith (A.O.) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Robert W. Baird set a $61.00 price target on shares of Smith (A.O.) and gave the stock a “buy” rating in a research report on Thursday, August 24th. KeyCorp reissued a “hold” rating on shares of Smith (A.O.) in a research report on Tuesday, September 12th. Stifel Nicolaus reissued a “hold” rating and issued a $61.00 price target on shares of Smith (A.O.) in a research report on Thursday, October 26th. Finally, SunTrust Banks reissued a “buy” rating and issued a $65.00 price target on shares of Smith (A.O.) in a research report on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.80.

Smith (AOS) opened at $62.22 on Friday. Smith has a 52-week low of $46.44 and a 52-week high of $63.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.92. The stock has a market cap of $10,697.36, a PE ratio of 30.50, a P/E/G ratio of 2.34 and a beta of 1.55.

Smith (A.O.) (NYSE:AOS) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The company 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 revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. analysts expect that Smith will post 2.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, October 30th. Smith (A.O.)’s payout ratio is 27.45%.

In other news, insider Peter R. Martineau sold 22,267 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 17,528 shares of the company’s stock, valued at $1,039,936.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Idelle K. Wolf sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $60.00, for a total transaction of $120,000.00. Following the sale, the director now directly owns 52,053 shares of the company’s stock, valued at approximately $3,123,180. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,156 shares of company stock valued at $6,092,537. Company insiders own 1.27% of the company’s stock.

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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.

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

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