APG Asset Management N.V. Has $1.13 Million Stock Position in A. O. Smith Co. (NYSE:AOS)

APG Asset Management N.V. increased its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 177.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,854 shares of the industrial products company’s stock after acquiring an additional 9,500 shares during the quarter. APG Asset Management N.V.’s holdings in A. O. Smith were worth $1,133,000 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 AOS. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of A. O. Smith by 57.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,235 shares of the industrial products company’s stock worth $1,900,000 after purchasing an additional 8,465 shares during the period. Distillate Capital Partners LLC raised its holdings in A. O. Smith by 100,431.5% during the 2nd quarter. Distillate Capital Partners LLC now owns 162,861 shares of the industrial products company’s stock worth $13,319,000 after buying an additional 162,699 shares during the period. Bank of Montreal Can lifted its stake in A. O. Smith by 37.6% in the second quarter. Bank of Montreal Can now owns 185,768 shares of the industrial products company’s stock valued at $15,409,000 after buying an additional 50,798 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in A. O. Smith by 65.3% in the second quarter. Public Sector Pension Investment Board now owns 4,649 shares of the industrial products company’s stock valued at $380,000 after buying an additional 1,836 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in shares of A. O. Smith by 0.3% in the second quarter. 1832 Asset Management L.P. now owns 1,000,835 shares of the industrial products company’s stock valued at $81,848,000 after buying an additional 2,545 shares during the period. 76.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AOS shares. Robert W. Baird cut their price objective on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. StockNews.com downgraded shares of A. O. Smith from a “buy” rating to a “hold” rating in a report on Monday. UBS Group increased their target price on shares of A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, July 8th. Finally, Stifel Nicolaus upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating and lifted their price target for the company from $97.00 to $98.00 in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $89.67.

A. O. Smith Price Performance

Shares of AOS opened at $89.83 on Tuesday. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.34 and a beta of 1.15. The company has a current ratio of 1.70, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $82.06 and its 200 day simple moving average is $84.03. A. O. Smith Co. has a 1-year low of $64.86 and a 1-year high of $92.44.

A. O. Smith (NYSE:AOS) last issued 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). A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the company posted $1.01 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts forecast that A. O. Smith Co. will post 4.07 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.28 annualized dividend and a dividend yield of 1.42%. A. O. Smith’s dividend payout ratio is currently 33.16%.

Insider Activity at A. O. Smith

In other A. O. Smith news, SVP Samuel M. Carver sold 14,705 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were 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 directly owns 2,399 shares in the company, valued at $194,319. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by company insiders.

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.