Legal & General Group Plc Increases Stake in Smith (A.O.) Corporation (AOS)

Legal & General Group Plc lifted its stake in shares of Smith (A.O.) Corporation (NYSE:AOS) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 270,543 shares of the industrial products company’s stock after purchasing an additional 4,645 shares during the quarter. Legal & General Group Plc owned about 0.16% of Smith (A.O.) worth $16,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in AOS. Toronto Dominion Bank grew its holdings in Smith (A.O.) by 11.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock worth $102,000 after buying an additional 191 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Smith (A.O.) 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 buying an additional 1,655 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Smith (A.O.) by 6.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock worth $112,000 after buying an additional 119 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Smith (A.O.) in the 2nd quarter worth approximately $124,000. Finally, Hudock Capital Group LLC bought a new position in Smith (A.O.) in the 2nd quarter worth approximately $156,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

Smith (AOS) opened at $62.22 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.92 and a current ratio of 2.32. The stock has a market capitalization of $10,697.36, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 2.34 and a beta of 1.55. Smith has a one year low of $46.44 and a one year high of $63.70.

Smith (A.O.) (NYSE:AOS) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $749.90 million during 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 firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. equities research analysts predict that Smith will post 2.13 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Monday, October 30th. Smith (A.O.)’s payout ratio is currently 27.45%.

A number of equities analysts recently issued reports on AOS shares. Stifel Nicolaus reissued a “hold” rating and issued a $61.00 price objective on shares of Smith (A.O.) in a report on Thursday, October 26th. 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 reissued a “buy” rating and issued a $68.00 price objective on shares of Smith (A.O.) in a report on Friday, October 27th. SunTrust Banks reissued a “buy” rating and issued a $65.00 price objective on shares of Smith (A.O.) in a report on Thursday, October 12th. Finally, KeyCorp reissued a “hold” rating on shares of Smith (A.O.) in a report on Tuesday, September 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Smith (A.O.) presently has an average rating of “Hold” and a consensus price target of $62.80.

In other Smith (A.O.) news, insider Kevin J. Wheeler sold 13,293 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $61.49, for a total transaction of $817,386.57. Following the completion of the transaction, the insider now directly owns 30,748 shares of the company’s stock, valued at approximately $1,890,694.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Peter R. Martineau sold 22,267 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $59.33, for a total value of $1,321,101.11. Following the transaction, the insider now directly owns 17,528 shares of the company’s stock, valued at $1,039,936.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,156 shares of company stock valued at $6,092,537. 1.27% of the stock is currently owned by corporate insiders.

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Smith (A.O.) Company Profile

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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