California State Teachers Retirement System lifted its stake in A. O. Smith Corp (NYSE:AOS) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 244,173 shares of the industrial products company’s stock after purchasing an additional 10,240 shares during the quarter. California State Teachers Retirement System owned about 0.14% of A. O. Smith worth $10,426,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Bremer Trust National Association bought a new stake in shares of A. O. Smith during the 4th quarter worth approximately $26,000. Quantamental Technologies LLC bought a new stake in shares of A. O. Smith during the 4th quarter worth approximately $33,000. ETF Managers Group LLC lifted its stake in shares of A. O. Smith by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 2,050 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 279 shares during the last quarter. Private Capital Group LLC lifted its stake in shares of A. O. Smith by 12.5% during the 4th quarter. Private Capital Group LLC now owns 2,080 shares of the industrial products company’s stock worth $89,000 after acquiring an additional 231 shares during the last quarter. Finally, Pearl River Capital LLC bought a new stake in shares of A. O. Smith during the 4th quarter worth approximately $109,000. Hedge funds and other institutional investors own 74.88% of the company’s stock.

Shares of AOS stock opened at $51.97 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.09 and a quick ratio of 1.70. The company has a market cap of $8.86 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.70 and a beta of 1.39. A. O. Smith Corp has a 52-week low of $40.34 and a 52-week high of $66.48.

A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, January 29th. The industrial products company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. The business had revenue of $812.50 million during the quarter, compared to analyst estimates of $821.35 million. A. O. Smith had a return on equity of 26.00% and a net margin of 13.93%. A. O. Smith’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. Research analysts expect that A. O. Smith Corp will post 2.72 EPS for the current year.

A number of brokerages recently issued reports on AOS. Zacks Investment Research lowered A. O. Smith from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. KeyCorp raised their price target on A. O. Smith from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 12th. Finally, ValuEngine raised A. O. Smith from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $62.30.

In other A. O. Smith news, insider Wallace E. Goodwin sold 13,200 shares of A. O. Smith stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $50.02, for a total transaction of $660,264.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul R. Dana sold 4,836 shares of A. O. Smith stock in a transaction on Monday, February 11th. The shares were sold at an average price of $49.50, for a total value of $239,382.00. Following the sale, the senior vice president now directly owns 5,891 shares of the company’s stock, valued at $291,604.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,036 shares of company stock valued at $1,879,646. 1.03% of the stock is currently owned by corporate insiders.

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A. O. Smith Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration products for residences, restaurants, hotels, and offices.

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

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