Private Trust Co. NA lifted its stake in shares of A. O. Smith Corp (NYSE:AOS) by 47.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,537 shares of the industrial products company’s stock after purchasing an additional 1,782 shares during the quarter. Private Trust Co. NA’s holdings in A. O. Smith were worth $339,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AOS. BlackRock Inc. grew its stake in shares of A. O. Smith 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 purchasing an additional 220,954 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of A. O. Smith by 49,147.8% in the second quarter. Janus Henderson Group PLC now owns 7,631,439 shares of the industrial products company’s stock worth $429,879,000 after purchasing an additional 7,615,943 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of A. O. Smith by 7.2% in the third quarter. Victory Capital Management Inc. now owns 2,095,029 shares of the industrial products company’s stock worth $124,508,000 after purchasing an additional 141,447 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of A. O. Smith by 27.6% in the third quarter. Wells Fargo & Company MN now owns 2,023,896 shares of the industrial products company’s stock worth $120,280,000 after purchasing an additional 438,063 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in shares of A. O. Smith by 9.9% in the third quarter. Artisan Partners Limited Partnership now owns 1,641,917 shares of the industrial products company’s stock worth $97,579,000 after purchasing an additional 147,835 shares during the last quarter. Institutional investors own 74.93% of the company’s stock.

In other A. O. Smith news, insider Mark A. Petrarca sold 5,288 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $63.14, for a total transaction of $333,884.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ajita G. Rajendra sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $61.81, for a total transaction of $927,150.00. Following the sale, the chief executive officer now directly owns 299,369 shares in the company, valued at approximately $18,503,997.89. The disclosure for this sale can be found here. Insiders have sold 100,156 shares of company stock worth $6,092,537 in the last ninety days. Insiders own 1.27% of the company’s stock.

AOS has been the topic of several analyst reports. Robert W. Baird reissued a “buy” rating and issued a $64.00 price objective on shares of A. O. Smith in a research note on Wednesday, October 4th. Stifel Nicolaus reissued a “hold” rating and issued a $59.00 price objective on shares of A. O. Smith in a research note on Thursday, October 12th. SunTrust Banks reissued a “buy” rating and issued a $65.00 price objective on shares of A. O. Smith in a research note on Thursday, October 12th. Boenning Scattergood cut shares of A. O. Smith from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research cut shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $62.40.

Shares of A. O. Smith Corp (NYSE:AOS) opened at $65.07 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.27. A. O. Smith Corp has a one year low of $46.44 and a one year high of $66.19. The firm has a market cap of $11,230.34, a price-to-earnings ratio of 31.90, a P/E/G ratio of 2.19 and a beta of 1.55.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. The business had revenue of $749.90 million for the quarter, compared to analysts’ expectations of $741.28 million. A. O. Smith had a net margin of 12.18% and a return on equity of 22.42%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. analysts forecast that A. O. Smith Corp will post 2.13 EPS for the current year.

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

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