Keeley Teton Advisors LLC Has $7.38 Million Position in Smith (A.O.) Corporation (AOS)

Keeley Teton Advisors LLC cut its stake in shares of Smith (A.O.) Corporation (NYSE:AOS) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,255 shares of the industrial products company’s stock after selling 4,930 shares during the period. Keeley Teton Advisors LLC owned approximately 0.07% of Smith (A.O.) worth $7,384,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AOS. State of Tennessee Treasury Department lifted its holdings in Smith (A.O.) by 143.9% during the second quarter. State of Tennessee Treasury Department now owns 536,200 shares of the industrial products company’s stock worth $30,204,000 after acquiring an additional 316,400 shares in the last quarter. KBC Group NV lifted its holdings in Smith (A.O.) by 372.8% during the third quarter. KBC Group NV now owns 503,178 shares of the industrial products company’s stock worth $29,904,000 after acquiring an additional 396,752 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Smith (A.O.) by 6.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 553,602 shares of the industrial products company’s stock worth $31,185,000 after acquiring an additional 33,790 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Smith (A.O.) by 23.3% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,271 shares of the industrial products company’s stock worth $2,719,000 after acquiring an additional 9,130 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in Smith (A.O.) during the third quarter worth about $934,000. 75.27% of the stock is owned by institutional investors and hedge funds.

In related news, insider Kevin J. Wheeler sold 13,293 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $61.49, for a total transaction of $817,386.57. Following the sale, the insider now owns 30,748 shares in the company, valued at $1,890,694.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter R. Martineau sold 22,267 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $59.33, for a total value of $1,321,101.11. Following the sale, the insider now owns 17,528 shares in the company, valued at approximately $1,039,936.24. The disclosure for this sale can be found here. Insiders have sold 100,156 shares of company stock worth $6,092,537 in the last quarter. 1.27% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on AOS. Stifel Nicolaus reiterated a “hold” rating and set a $56.00 target price on shares of Smith (A.O.) in a report on Friday, August 11th. Zacks Investment Research lowered Smith (A.O.) from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird set a $61.00 price target on Smith (A.O.) and gave the company a “buy” rating in a report on Thursday, August 24th. KeyCorp restated a “hold” rating on shares of Smith (A.O.) in a report on Tuesday, September 12th. Finally, SunTrust Banks restated a “buy” rating and issued a $65.00 price target on shares of Smith (A.O.) in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Smith (A.O.) has an average rating of “Hold” and a consensus target price of $62.80.

Shares of Smith (NYSE:AOS) opened at $61.40 on Thursday. The company has a market capitalization of $10,587.33, a PE ratio of 30.19, a PEG ratio of 2.32 and a beta of 1.55. Smith has a twelve month low of $46.44 and a twelve month high of $63.70. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.27.

Smith (A.O.) (NYSE:AOS) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $749.90 million for the quarter, compared to analyst estimates of $741.28 million. Smith (A.O.) had a return on equity of 22.42% and a net margin of 12.18%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. sell-side analysts anticipate that Smith will post 2.13 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a dividend of $0.14 per share. The ex-dividend date was Monday, October 30th. This represents a $0.56 annualized dividend and a yield of 0.91%. Smith (A.O.)’s payout ratio is presently 27.45%.

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About Smith (A.O.)

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.) (NYSE:AOS)

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