Smith (A.O.) Corporation (AOS) Shares Bought by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. grew its stake in Smith (A.O.) Corporation (NYSE:AOS) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,372 shares of the industrial products company’s stock after acquiring an additional 657 shares during the period. Ameritas Investment Partners Inc.’s holdings in Smith (A.O.) Corporation were worth $2,725,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Castleark Management LLC grew its stake in Smith (A.O.) Corporation by 2.4% in the 2nd quarter. Castleark Management LLC now owns 86,665 shares of the industrial products company’s stock worth $4,882,000 after acquiring an additional 2,000 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Smith (A.O.) Corporation by 973.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 1,655 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Smith (A.O.) Corporation by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 218,459 shares of the industrial products company’s stock worth $12,306,000 after acquiring an additional 3,690 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Smith (A.O.) Corporation in the 2nd quarter worth about $1,036,000. Finally, Cubist Systematic Strategies LLC grew its stake in Smith (A.O.) Corporation by 17.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 14,535 shares of the industrial products company’s stock worth $819,000 after acquiring an additional 2,171 shares in the last quarter. Institutional investors and hedge funds own 74.00% of the company’s stock.

Shares of Smith (NYSE AOS) traded up 1.12% during trading on Thursday, reaching $61.33. 177,550 shares of the company’s stock were exchanged. The stock has a market cap of $10.58 billion, a P/E ratio of 31.13 and a beta of 1.50. Smith has a 12-month low of $43.66 and a 12-month high of $61.37. The company has a 50 day moving average of $57.86 and a 200 day moving average of $55.21.

Smith (A.O.) Corporation (NYSE:AOS) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The business had revenue of $738.20 million for the quarter, compared to the consensus estimate of $729.33 million. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. Equities research analysts anticipate that Smith will post $2.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.92%. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is 28.43%.

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A number of brokerages have commented on AOS. Stifel Nicolaus restated a “hold” rating and issued a $59.00 target price on shares of Smith (A.O.) Corporation in a research note on Thursday. Robert W. Baird restated a “buy” rating and issued a $64.00 target price on shares of Smith (A.O.) Corporation in a research note on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of Smith (A.O.) Corporation in a research note on Tuesday, September 12th. BMO Capital Markets restated a “buy” rating and issued a $60.00 target price on shares of Smith (A.O.) Corporation in a research note on Wednesday, September 6th. Finally, BidaskClub downgraded shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Smith (A.O.) Corporation has an average rating of “Buy” and an average target price of $60.75.

In other news, Director Paul W. Jones sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $54.02, for a total value of $3,241,200.00. Following the sale, the director now directly owns 277,465 shares of the company’s stock, valued at approximately $14,988,659.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.27% of the stock is currently owned by insiders.

About Smith (A.O.) Corporation

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

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