A. O. Smith Co. (NYSE:AOS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in A. O. Smith Co. (NYSE:AOS) by 0.4% in the second quarter, HoldingsChannel.com reports. The firm owned 15,102,837 shares of the industrial products company’s stock after selling 67,902 shares during the period. Vanguard Group Inc. owned 0.09% of A. O. Smith worth $1,088,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of A. O. Smith by 246.2% during the first quarter. AQR Capital Management LLC now owns 794,920 shares of the industrial products company’s stock valued at $53,745,000 after acquiring an additional 565,289 shares during the period. Impax Asset Management Group plc boosted its holdings in shares of A. O. Smith by 46.8% during the second quarter. Impax Asset Management Group plc now owns 1,651,322 shares of the industrial products company’s stock valued at $118,994,000 after acquiring an additional 526,622 shares during the period. Sandler Capital Management acquired a new position in shares of A. O. Smith during the first quarter valued at $20,092,000. FMR LLC boosted its holdings in shares of A. O. Smith by 51.9% during the first quarter. FMR LLC now owns 813,266 shares of the industrial products company’s stock valued at $43,364,000 after acquiring an additional 277,862 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of A. O. Smith by 134.4% during the first quarter. Renaissance Technologies LLC now owns 483,900 shares of the industrial products company’s stock valued at $32,716,000 after acquiring an additional 277,500 shares during the period. 74.13% of the stock is owned by hedge funds and other institutional investors.

AOS stock opened at $63.66 on Thursday. The company has a market capitalization of $10.13 billion, a P/E ratio of 23.40, a PEG ratio of 2.83 and a beta of 1.06. The company has a 50-day simple moving average of $68.44 and a 200 day simple moving average of $69.06. A. O. Smith Co. has a fifty-two week low of $51.04 and a fifty-two week high of $73.81. The company has a quick ratio of 1.38, a current ratio of 1.75 and a debt-to-equity ratio of 0.05.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Wednesday, July 28th. The industrial products company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $859.80 million during the quarter, compared to the consensus estimate of $825.48 million. A. O. Smith had a net margin of 13.69% and a return on equity of 24.38%. During the same quarter in the prior year, the company posted $0.45 earnings per share. Equities analysts anticipate that A. O. Smith Co. will post 2.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 15th. Investors of record on Friday, October 29th will be issued a $0.28 dividend. The ex-dividend date is Thursday, October 28th. This represents a $1.12 annualized dividend and a yield of 1.76%. This is an increase from A. O. Smith’s previous quarterly dividend of $0.26. A. O. Smith’s dividend payout ratio is presently 48.15%.

Several brokerages have recently issued reports on AOS. Rosenblatt Securities boosted their price target on shares of A. O. Smith from $85.00 to $88.00 and gave the company a “buy” rating in a report on Friday, July 16th. Robert W. Baird raised shares of A. O. Smith from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $82.00 to $85.00 in a report on Tuesday, October 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, A. O. Smith has a consensus rating of “Hold” and a consensus target price of $67.71.

About A. O. Smith

A. O. Smith Corp. manufactures residential and commercial gas and electric water heaters, boilers, tanks and water treatment products. It operates through the following two segments: North America and Rest of World. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks.

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Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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