Advisor Group Holdings Inc. Acquires 544 Shares of A. O. Smith Co. (NYSE:AOS)

Advisor Group Holdings Inc. lifted its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,276 shares of the industrial products company’s stock after purchasing an additional 544 shares during the period. Advisor Group Holdings Inc.’s holdings in A. O. Smith were worth $3,071,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. FMR LLC boosted its holdings in A. O. Smith by 51.9% in the first quarter. FMR LLC now owns 813,266 shares of the industrial products company’s stock worth $43,364,000 after acquiring an additional 277,862 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of A. O. Smith by 12.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 25,071 shares of the industrial products company’s stock worth $1,807,000 after purchasing an additional 2,867 shares during the last quarter. Rafferty Asset Management LLC purchased a new stake in shares of A. O. Smith in the second quarter worth approximately $216,000. Rockefeller Capital Management L.P. raised its stake in shares of A. O. Smith by 5.1% in the second quarter. Rockefeller Capital Management L.P. now owns 44,854 shares of the industrial products company’s stock worth $3,231,000 after purchasing an additional 2,182 shares during the last quarter. Finally, Aviva PLC raised its stake in shares of A. O. Smith by 18.5% in the second quarter. Aviva PLC now owns 24,917 shares of the industrial products company’s stock worth $1,796,000 after purchasing an additional 3,884 shares during the last quarter. Institutional investors own 75.30% of the company’s stock.

In other news, Director Ajita G. Rajendra sold 44,620 shares of the firm’s stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $82.29, for a total value of $3,671,779.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Idelle K. Wolf sold 1,000 shares of the firm’s stock in a transaction on Monday, November 1st. The stock was sold at an average price of $74.78, for a total value of $74,780.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,169 shares of company stock valued at $9,635,612. 1.04% of the stock is owned by corporate insiders.

Shares of NYSE AOS opened at $80.57 on Friday. The stock has a fifty day simple moving average of $82.35 and a two-hundred day simple moving average of $73.84. A. O. Smith Co. has a 1-year low of $52.08 and a 1-year high of $86.74. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 2.65 and a beta of 1.15. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.05.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Wednesday, October 27th. The industrial products company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.14. A. O. Smith had a return on equity of 25.24% and a net margin of 13.84%. The business had revenue of $914.60 million during the quarter, compared to analyst estimates of $854.31 million. During the same period in the prior year, the company earned $0.66 earnings per share. A. O. Smith’s revenue was up 20.3% compared to the same quarter last year. Analysts forecast that A. O. Smith Co. will post 2.92 EPS for the current year.

Several analysts have recently commented on the company. Robert W. Baird raised A. O. Smith from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $82.00 to $85.00 in a research note on Tuesday, October 5th. Oppenheimer reissued a “hold” rating on shares of A. O. Smith in a research note on Wednesday, December 15th. Zacks Investment Research downgraded A. O. Smith from a “strong-buy” rating to a “hold” rating and set a $89.00 price target for the company. in a research report on Tuesday, December 28th. Finally, Loop Capital started coverage on A. O. Smith in a research report on Monday, November 22nd. They set a “buy” rating and a $100.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, A. O. Smith currently has a consensus rating of “Hold” and a consensus price target of $78.17.

About A. O. Smith

A. O. Smith Corp. manufactures residential and commercial gas and electric water heaters, boilers, tanks and water treatment products. It operates through the following two segments: North America and Rest of World. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks.

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

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