Bessemer Group Inc. Boosts Holdings in Smith (A.O.) Corporation (AOS)

Bessemer Group Inc. raised its position in shares of Smith (A.O.) Corporation (NYSE:AOS) by 34.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,171 shares of the industrial products company’s stock after acquiring an additional 4,359 shares during the quarter. Bessemer Group Inc.’s holdings in Smith (A.O.) Corporation were worth $1,021,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. CENTRAL TRUST Co boosted its position in Smith (A.O.) Corporation by 3.7% during the 2nd quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 66 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Smith (A.O.) Corporation by 3.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,362 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 116 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Smith (A.O.) Corporation by 6.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 119 shares in the last quarter. Toronto Dominion Bank boosted its position in Smith (A.O.) Corporation by 11.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 191 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Smith (A.O.) Corporation by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 74,681 shares of the industrial products company’s stock valued at $4,219,000 after acquiring an additional 220 shares in the last quarter. 72.50% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have weighed in on AOS. Boenning Scattergood cut Smith (A.O.) Corporation from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $65.00 price target on shares of Smith (A.O.) Corporation in a research report on Thursday, October 12th. Stifel Nicolaus reissued a “hold” rating and issued a $59.00 price target on shares of Smith (A.O.) Corporation in a research report on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and issued a $64.00 price target on shares of Smith (A.O.) Corporation in a research report on Wednesday, October 4th. Finally, Zacks Investment Research cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $62.80.

In related news, insider Peter R. Martineau sold 22,267 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 17,528 shares of the company’s stock, valued at approximately $1,039,936.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Charles T. Lauber sold 7,594 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $59.85, for a total value of $454,500.90. Following the completion of the transaction, the senior vice president now directly owns 26,240 shares in the company, valued at $1,570,464. The disclosure for this sale can be found here. Insiders sold a total of 31,861 shares of company stock worth $1,895,602 over the last ninety days. 1.27% of the stock is currently owned by insiders.

Shares of Smith (NYSE:AOS) opened at $58.41 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.92. Smith has a 12-month low of $46.44 and a 12-month high of $62.16. The company has a market capitalization of $10,112.80, a P/E ratio of 28.83, a PEG ratio of 2.21 and a beta of 1.54.

Smith (A.O.) Corporation (NYSE:AOS) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $749.90 million for the quarter, compared to analysts’ expectations of $741.28 million. Smith (A.O.) Corporation 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 in the prior year, the firm posted $0.47 EPS. research analysts predict that Smith will post 2.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.56 annualized dividend and a yield of 0.96%. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is presently 27.45%.

Smith (A.O.) Corporation 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.) Corporation (NYSE:AOS)

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