Elo Mutual Pension Insurance Co Sells 643 Shares of A. O. Smith Co. (NYSE:AOS)

Elo Mutual Pension Insurance Co trimmed its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,476 shares of the industrial products company’s stock after selling 643 shares during the period. Elo Mutual Pension Insurance Co’s holdings in A. O. Smith were worth $857,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Algebris UK Ltd increased its position in shares of A. O. Smith by 2.3% during the first quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock valued at $506,000 after buying an additional 140 shares during the period. Empirical Finance LLC grew its holdings in shares of A. O. Smith by 3.3% during the first quarter. Empirical Finance LLC now owns 4,618 shares of the industrial products company’s stock worth $413,000 after purchasing an additional 149 shares in the last quarter. American International Group Inc. grew its holdings in shares of A. O. Smith by 0.5% during the fourth quarter. American International Group Inc. now owns 33,231 shares of the industrial products company’s stock worth $2,740,000 after purchasing an additional 163 shares in the last quarter. Kessler Investment Group LLC grew its holdings in shares of A. O. Smith by 3.5% during the second quarter. Kessler Investment Group LLC now owns 5,087 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 173 shares in the last quarter. Finally, Scotia Capital Inc. grew its holdings in shares of A. O. Smith by 2.4% during the fourth quarter. Scotia Capital Inc. now owns 7,726 shares of the industrial products company’s stock worth $637,000 after purchasing an additional 180 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Stock Performance

Shares of AOS stock opened at $82.89 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.70. A. O. Smith Co. has a fifty-two week low of $64.14 and a fifty-two week high of $92.44. The stock has a 50 day moving average price of $82.37 and a two-hundred day moving average price of $83.98. The company has a market capitalization of $12.09 billion, a P/E ratio of 21.47, a PEG ratio of 2.23 and a beta of 1.15.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.01). A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts expect that A. O. Smith Co. will post 4.07 earnings per share for the current year.

A. O. Smith Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.28 annualized dividend and a yield of 1.54%. A. O. Smith’s payout ratio is currently 33.16%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stifel Nicolaus raised A. O. Smith from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $97.00 to $98.00 in a report on Wednesday, July 24th. UBS Group boosted their price objective on A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, July 8th. Robert W. Baird cut their target price on A. O. Smith from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $89.67.

Insider Buying and Selling at A. O. Smith

In related 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 transaction of $1,191,105.00. Following the completion of the transaction, the senior vice president now owns 2,399 shares in the company, valued at $194,319. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

A. O. Smith Company Profile

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.