Harbour Investments Inc. Has $553,000 Position in A. O. Smith Co. (NYSE:AOS)

Harbour Investments Inc. increased its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 2,462.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,764 shares of the industrial products company’s stock after acquiring an additional 6,500 shares during the quarter. Harbour Investments Inc.’s holdings in A. O. Smith were worth $553,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AOS. Versant Capital Management Inc raised its holdings in shares of A. O. Smith by 157.2% during the 2nd quarter. Versant Capital Management Inc now owns 463 shares of the industrial products company’s stock worth $38,000 after buying an additional 283 shares in the last quarter. ORG Partners LLC raised its holdings in shares of A. O. Smith by 665.0% during the 1st quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock worth $55,000 after buying an additional 532 shares in the last quarter. Twin Tree Management LP increased its holdings in A. O. Smith by 188.9% in the 1st quarter. Twin Tree Management LP now owns 737 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 1,566 shares in the last quarter. Signaturefd LLC increased its holdings in A. O. Smith by 25.5% in the 4th quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 195 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in A. O. Smith in the 1st quarter worth about $109,000. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Price Performance

A. O. Smith stock opened at $81.84 on Thursday. A. O. Smith Co. has a one year low of $64.14 and a one year high of $92.44. The business has a fifty day moving average price of $82.86 and a 200-day moving average price of $84.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.07. The firm has a market capitalization of $12.00 billion, a P/E ratio of 21.20, a PEG ratio of 2.18 and a beta of 1.15.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). A. O. Smith had a return on equity of 31.04% and a net margin of 14.67%. The company 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 business earned $1.01 earnings per share. A. O. Smith’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts forecast that A. O. Smith Co. will post 4.07 EPS for the current year.

A. O. Smith Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Wednesday, July 31st. A. O. Smith’s dividend payout ratio is 33.16%.

Insider Activity at A. O. Smith

In related news, SVP Samuel M. Carver sold 14,705 shares of A. O. Smith stock in a transaction 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 sale, the senior vice president now owns 2,399 shares of the company’s stock, valued at $194,319. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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