Bank of Montreal Can Has $15.41 Million Position in A. O. Smith Co. (NYSE:AOS)

Bank of Montreal Can raised its stake in A. O. Smith Co. (NYSE:AOS) by 37.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,768 shares of the industrial products company’s stock after acquiring an additional 50,798 shares during the period. Bank of Montreal Can owned approximately 0.13% of A. O. Smith worth $15,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Algebris UK Ltd increased its position in shares of A. O. Smith by 2.3% in the first quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 140 shares during the period. Empirical Finance LLC raised its position in shares of A. O. Smith by 3.3% in the 1st quarter. Empirical Finance LLC now owns 4,618 shares of the industrial products company’s stock valued at $413,000 after buying an additional 149 shares in the last quarter. American International Group Inc. raised its position in shares of A. O. Smith by 0.5% in the 4th quarter. American International Group Inc. now owns 33,231 shares of the industrial products company’s stock valued at $2,740,000 after buying an additional 163 shares in the last quarter. Kessler Investment Group LLC lifted its holdings in shares of A. O. Smith by 3.5% during the 2nd quarter. Kessler Investment Group LLC now owns 5,087 shares of the industrial products company’s stock worth $416,000 after acquiring an additional 173 shares during the period. Finally, Scotia Capital Inc. boosted its position in shares of A. O. Smith by 2.4% during the 4th quarter. Scotia Capital Inc. now owns 7,726 shares of the industrial products company’s stock worth $637,000 after acquiring an additional 180 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at A. O. Smith

In other A. O. Smith news, SVP Samuel M. Carver sold 14,705 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total value of $1,191,105.00. Following 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 can be accessed through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

A. O. Smith Price Performance

Shares of AOS opened at $90.59 on Friday. The firm has a market cap of $13.21 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15. A. O. Smith Co. has a 52-week low of $64.86 and a 52-week high of $92.44. The business’s 50 day moving average price is $82.04 and its two-hundred day moving average price is $84.02. 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 (NYSE:AOS) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 EPS. On average, equities analysts anticipate that A. O. Smith Co. will post 4.07 EPS for the current year.

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.32 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.28 annualized dividend and a dividend yield of 1.41%. A. O. Smith’s dividend payout ratio is presently 33.16%.

Wall Street Analyst Weigh In

AOS has been the subject of several research analyst reports. Robert W. Baird lowered their price objective on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. UBS Group boosted their price target on A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, July 8th. StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. Finally, Stifel Nicolaus raised A. O. Smith from a “hold” rating to a “buy” rating and boosted their target price for the stock from $97.00 to $98.00 in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $89.67.

About A. O. Smith

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.