Strs Ohio Sells 42,252 Shares of Smith (A.O.) Corporation (AOS)

Strs Ohio reduced its position in shares of Smith (A.O.) Corporation (NYSE:AOS) by 40.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,849 shares of the industrial products company’s stock after selling 42,252 shares during the period. Strs Ohio’s holdings in Smith (A.O.) Corporation were worth $3,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. increased its position in Smith (A.O.) Corporation by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,939 shares of the industrial products company’s stock worth $188,000 after buying an additional 161 shares during the period. Conestoga Capital Advisors LLC increased its position in Smith (A.O.) Corporation by 94.0% in the first quarter. Conestoga Capital Advisors LLC now owns 24,915 shares of the industrial products company’s stock worth $1,275,000 after buying an additional 12,075 shares during the period. DnB Asset Management AS increased its position in Smith (A.O.) Corporation by 56.9% in the first quarter. DnB Asset Management AS now owns 18,200 shares of the industrial products company’s stock worth $931,000 after buying an additional 6,600 shares during the period. Cim LLC increased its position in Smith (A.O.) Corporation by 4.3% in the first quarter. Cim LLC now owns 18,851 shares of the industrial products company’s stock worth $965,000 after buying an additional 784 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Smith (A.O.) Corporation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 37,200 shares of the industrial products company’s stock worth $1,903,000 after buying an additional 700 shares during the period. 74.89% of the stock is owned by institutional investors and hedge funds.

Shares of Smith (NYSE:AOS) opened at 53.93 on Friday. Smith has a 12-month low of $43.66 and a 12-month high of $57.97. The company has a market capitalization of $9.30 billion, a PE ratio of 27.38 and a beta of 1.51. The stock’s 50 day moving average price is $55.45 and its 200 day moving average price is $53.20.

Smith (A.O.) Corporation (NYSE:AOS) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. The company had revenue of $738.20 million for the quarter, compared to analysts’ expectations of $729.33 million. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. Smith (A.O.) Corporation’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS. On average, equities research analysts forecast that Smith will post $2.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.04%. Smith (A.O.) Corporation’s dividend payout ratio is 28.43%.

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A number of research firms recently commented on AOS. Jefferies Group LLC reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Friday, July 14th. BidaskClub cut Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. KeyCorp reiterated a “sector weight” rating on shares of Smith (A.O.) Corporation in a research report on Friday, April 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $68.00.

In related news, Director Ronald D. Brown sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $54.25, for a total transaction of $434,000.00. Following the transaction, the director now directly owns 43,896 shares of the company’s stock, valued at approximately $2,381,358. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul W. Jones sold 60,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 277,465 shares in the company, valued at $14,988,659.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,400 shares of company stock worth $5,734,444. 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.

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

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