Campbell & CO Investment Adviser LLC purchased a new position in shares of A. O. Smith Corp (NYSE:AOS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,907 shares of the industrial products company’s stock, valued at approximately $742,000. A. O. Smith accounts for approximately 0.5% of Campbell & CO Investment Adviser LLC’s holdings, making the stock its 26th biggest position.

Several other large investors have also modified their holdings of the company. Telemus Capital LLC grew its position in shares of A. O. Smith by 1.3% during the 2nd quarter. Telemus Capital LLC now owns 71,525 shares of the industrial products company’s stock worth $4,231,000 after buying an additional 935 shares during the period. Bath Savings Trust Co grew its position in shares of A. O. Smith by 17.3% during the 3rd quarter. Bath Savings Trust Co now owns 6,650 shares of the industrial products company’s stock worth $355,000 after buying an additional 980 shares during the period. Captrust Financial Advisors grew its position in shares of A. O. Smith by 83.6% during the 2nd quarter. Captrust Financial Advisors now owns 2,264 shares of the industrial products company’s stock worth $134,000 after buying an additional 1,031 shares during the period. Retirement Systems of Alabama grew its position in shares of A. O. Smith by 0.7% during the 2nd quarter. Retirement Systems of Alabama now owns 159,098 shares of the industrial products company’s stock worth $9,411,000 after buying an additional 1,068 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of A. O. Smith by 13.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,171 shares of the industrial products company’s stock worth $596,000 after buying an additional 1,293 shares during the period. Institutional investors own 75.13% of the company’s stock.

A. O. Smith stock opened at $46.25 on Friday. A. O. Smith Corp has a fifty-two week low of $40.34 and a fifty-two week high of $68.39. The company has a market cap of $7.74 billion, a P/E ratio of 21.31, a PEG ratio of 1.56 and a beta of 1.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.75 and a current ratio of 2.16.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.02). A. O. Smith had a return on equity of 24.98% and a net margin of 10.83%. The firm had revenue of $754.10 million for the quarter, compared to the consensus estimate of $805.92 million. During the same period in the previous year, the business earned $0.54 EPS. The firm’s revenue was up .6% compared to the same quarter last year. Analysts expect that A. O. Smith Corp will post 2.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were paid a $0.22 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.90%. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.18. A. O. Smith’s payout ratio is presently 40.55%.

In other A. O. Smith news, Director Paul W. Jones sold 4,591 shares of A. O. Smith stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $58.92, for a total value of $270,501.72. Following the transaction, the director now owns 214,558 shares of the company’s stock, valued at $12,641,757.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul W. Jones sold 9,000 shares of A. O. Smith stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $45.99, for a total transaction of $413,910.00. Following the completion of the transaction, the director now directly owns 200,967 shares in the company, valued at approximately $9,242,472.33. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

Several brokerages have recently commented on AOS. Zacks Investment Research upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Tuesday, August 7th. SunTrust Banks reissued a “buy” rating and set a $71.00 price objective on shares of A. O. Smith in a research note on Thursday, July 26th. Oppenheimer reissued a “hold” rating on shares of A. O. Smith in a research note on Tuesday, September 18th. BMO Capital Markets reissued a “buy” rating and set a $73.00 price objective on shares of A. O. Smith in a research note on Thursday, July 26th. Finally, Boenning Scattergood reissued a “buy” rating and set a $75.00 price objective on shares of A. O. Smith in a research note on Wednesday, July 25th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $65.75.

ILLEGAL ACTIVITY NOTICE: “Campbell & CO Investment Adviser LLC Invests $742,000 in A. O. Smith Corp (AOS)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/11/16/campbell-co-investment-adviser-llc-invests-742000-in-a-o-smith-corp-aos.html.

A. O. Smith Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.

Recommended Story: How to Track your Portfolio in Google Finance

Want to see what other hedge funds are holding AOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A. O. Smith Corp (NYSE:AOS).

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

Receive News & Ratings for A. O. Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith and related companies with MarketBeat.com's FREE daily email newsletter.