California Public Employees Retirement System lifted its holdings in shares of A. O. Smith Corp (NYSE:AOS) by 1.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 307,863 shares of the industrial products company’s stock after acquiring an additional 3,304 shares during the period. California Public Employees Retirement System’s holdings in A. O. Smith were worth $16,415,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AOS. Norges Bank purchased a new position in A. O. Smith during the 4th quarter worth approximately $122,493,000. Two Sigma Investments LP grew its stake in A. O. Smith by 432.1% during the 4th quarter. Two Sigma Investments LP now owns 2,075,448 shares of the industrial products company’s stock worth $88,622,000 after buying an additional 1,685,430 shares during the last quarter. Two Sigma Advisers LP grew its stake in A. O. Smith by 676.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,910,897 shares of the industrial products company’s stock worth $81,595,000 after buying an additional 1,664,800 shares during the last quarter. Impax Asset Management Group plc grew its stake in A. O. Smith by 51.1% during the 4th quarter. Impax Asset Management Group plc now owns 4,283,691 shares of the industrial products company’s stock worth $182,914,000 after buying an additional 1,448,313 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its stake in A. O. Smith by 285.2% during the 4th quarter. Ceredex Value Advisors LLC now owns 1,925,958 shares of the industrial products company’s stock worth $82,239,000 after buying an additional 1,426,033 shares during the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.

In other A. O. Smith news, Director Ronald D. Brown sold 8,000 shares of A. O. Smith stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $52.45, for a total value of $419,600.00. Following the transaction, the director now directly owns 35,896 shares in the company, valued at approximately $1,882,745.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul W. Jones sold 1,000 shares of A. O. Smith stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $49.50, for a total value of $49,500.00. Following the completion of the transaction, the director now owns 182,266 shares in the company, valued at $9,022,167. The disclosure for this sale can be found here. Insiders sold a total of 18,010 shares of company stock worth $944,468 over the last quarter. Company insiders own 1.03% of the company’s stock.

AOS has been the topic of a number of research reports. Boenning Scattergood restated a “buy” rating on shares of A. O. Smith in a research note on Tuesday, January 29th. Oppenheimer restated a “hold” rating on shares of A. O. Smith in a research note on Tuesday, January 29th. Zacks Investment Research upgraded A. O. Smith from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. ValuEngine upgraded A. O. Smith from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, BMO Capital Markets downgraded A. O. Smith from an “outperform” rating to a “market perform” rating and set a $53.00 price target on the stock. in a research note on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $58.12.

Shares of AOS stock opened at $43.85 on Monday. A. O. Smith Corp has a twelve month low of $40.34 and a twelve month high of $65.57. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.65 and a beta of 1.35. The company has a current ratio of 2.25, a quick ratio of 1.82 and a debt-to-equity ratio of 0.18.

A. O. Smith (NYSE:AOS) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.04). A. O. Smith had a net margin of 13.81% and a return on equity of 25.01%. The company had revenue of $748.20 million during the quarter, compared to analysts’ expectations of $764.16 million. During the same quarter last year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities analysts expect that A. O. Smith Corp will post 2.71 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.88 annualized dividend and a dividend yield of 2.01%. A. O. Smith’s dividend payout ratio (DPR) is currently 33.72%.

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About A. O. Smith

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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