A. O. Smith Co. (NYSE:AOS) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt grew its stake in A. O. Smith Co. (NYSE:AOS) by 30.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,400 shares of the industrial products company’s stock after purchasing an additional 4,100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in A. O. Smith were worth $1,563,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. University of Texas Texas AM Investment Management Co. acquired a new stake in A. O. Smith during the second quarter valued at approximately $25,000. Isthmus Partners LLC acquired a new stake in shares of A. O. Smith during the 2nd quarter valued at approximately $27,000. Quarry LP boosted its holdings in A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 245 shares during the period. Versant Capital Management Inc increased its stake in A. O. Smith by 157.2% during the second quarter. Versant Capital Management Inc now owns 463 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 283 shares during the last quarter. Finally, ORG Partners LLC raised its holdings in shares of A. O. Smith by 665.0% during the first quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 532 shares during the period. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Stock Down 6.2 %

AOS opened at $80.87 on Friday. The stock’s 50 day moving average price is $82.73 and its 200 day moving average price is $83.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.07. The stock has a market cap of $11.79 billion, a P/E ratio of 20.84, a P/E/G ratio of 2.40 and a beta of 1.15. A. O. Smith Co. has a 12 month low of $65.08 and a 12 month high of $92.44.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. A. O. Smith’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the business posted $1.01 earnings per share. As a group, research analysts predict that A. O. Smith Co. will post 4.07 earnings per share for the current year.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 1.68%. A. O. Smith’s dividend payout ratio (DPR) is 32.99%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Stifel Nicolaus raised shares of A. O. Smith from a “hold” rating to a “buy” rating and lifted their price target for the company from $97.00 to $98.00 in a report on Wednesday, July 24th. StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. UBS Group raised their price target on A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, July 8th. Finally, Robert W. Baird dropped their target price on A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, A. O. Smith presently has a consensus rating of “Hold” and an average target price of $89.67.

Insider Activity at A. O. Smith

In other A. O. Smith news, SVP Samuel M. Carver sold 14,705 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total value of $1,191,105.00. Following the completion of the sale, the senior vice president now directly owns 2,399 shares in the company, valued at $194,319. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.

About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.