A. O. Smith Co. (NYSE:AOS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 12.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 684,408 shares of the industrial products company’s stock after selling 99,509 shares during the quarter. Envestnet Asset Management Inc. owned 0.47% of A. O. Smith worth $55,971,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AOS. Isthmus Partners LLC acquired a new stake in A. O. Smith during the 2nd quarter worth approximately $27,000. Versant Capital Management Inc raised its holdings in shares of A. O. Smith by 157.2% in the 2nd quarter. Versant Capital Management Inc now owns 463 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 283 shares in the last quarter. ORG Partners LLC raised its holdings in shares of A. O. Smith by 665.0% in the 1st quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 532 shares in the last quarter. Twin Tree Management LP raised its holdings in shares of 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 valued at $66,000 after purchasing an additional 1,566 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of A. O. Smith in the 1st quarter valued at $109,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Robert W. Baird cut their price target on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. Stifel Nicolaus upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating and lifted their price target for the stock from $97.00 to $98.00 in a research note on Wednesday, July 24th. Finally, UBS Group lifted their price target on shares of A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a research note on Monday, July 8th. One 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. Based on data from MarketBeat, A. O. Smith has an average rating of “Hold” and an average target price of $89.67.

A. O. Smith Trading Up 0.5 %

Shares of A. O. Smith stock opened at $82.90 on Thursday. A. O. Smith Co. has a 1 year low of $64.14 and a 1 year high of $92.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.70. The company has a market capitalization of $12.16 billion, a P/E ratio of 21.48, a PEG ratio of 2.17 and a beta of 1.15. The company’s fifty day moving average is $82.41 and its two-hundred day moving average is $83.99.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.01). The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. A. O. Smith had a return on equity of 31.04% and a net margin of 14.67%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 earnings per share. Analysts forecast that A. O. Smith Co. will post 4.07 earnings per share 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 issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Wednesday, July 31st. A. O. Smith’s payout ratio is 33.16%.

Insider Activity

In other news, SVP Samuel M. Carver sold 14,705 shares of A. O. Smith stock in a transaction dated 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 sale, the senior vice president now owns 2,399 shares of the company’s stock, valued at $194,319. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

A. O. Smith 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.