State of Tennessee Treasury Department lessened its stake in A. O. Smith Corp (NYSE:AOS) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 415,528 shares of the industrial products company’s stock after selling 20,664 shares during the period. State of Tennessee Treasury Department’s holdings in A. O. Smith were worth $25,463,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank boosted its position in A. O. Smith by 11.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock valued at $102,000 after buying an additional 191 shares during the period. Tower Research Capital LLC TRC boosted its position in A. O. Smith by 70.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock valued at $171,000 after buying an additional 1,150 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in A. O. Smith in the 4th quarter valued at approximately $210,000. Annex Advisory Services LLC purchased a new position in A. O. Smith in the 3rd quarter valued at approximately $214,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in A. O. Smith in the 3rd quarter valued at approximately $245,000. Hedge funds and other institutional investors own 74.18% of the company’s stock.
In related news, CEO Ajita G. Rajendra sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $61.81, for a total value of $927,150.00. Following the completion of the sale, the chief executive officer now directly owns 299,369 shares of the company’s stock, valued at $18,503,997.89. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP James F. Stern sold 12,423 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $62.28, for a total transaction of $773,704.44. Following the completion of the sale, the vice president now directly owns 146,257 shares of the company’s stock, valued at $9,108,885.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,649 shares of company stock valued at $7,839,090. 1.27% of the stock is owned by corporate insiders.
A. O. Smith Corp (AOS) opened at $65.56 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.24 and a quick ratio of 1.87. A. O. Smith Corp has a 1 year low of $49.19 and a 1 year high of $68.39. The company has a market cap of $11,240.65, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 1.91 and a beta of 1.53.
A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The business had revenue of $768.60 million during the quarter, compared to analysts’ expectations of $767.45 million. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. equities research analysts forecast that A. O. Smith Corp will post 2.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were given a $0.18 dividend. The ex-dividend date was Tuesday, January 30th. This is a boost from A. O. Smith’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 1.10%. A. O. Smith’s payout ratio is 42.35%.
A. O. Smith 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.
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