Blair William & Co. IL Has $311,000 Position in A. O. Smith Co. (NYSE:AOS)

Blair William & Co. IL cut its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,804 shares of the industrial products company’s stock after selling 126 shares during the quarter. Blair William & Co. IL’s holdings in A. O. Smith were worth $311,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Isthmus Partners LLC acquired a new position in shares of A. O. Smith during the 2nd quarter worth approximately $27,000. Versant Capital Management Inc increased 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 acquiring an additional 283 shares during the last quarter. ORG Partners LLC increased 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 acquiring an additional 532 shares during the last quarter. Twin Tree Management LP grew 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 valued at $66,000 after buying an additional 1,566 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in A. O. Smith in the 1st quarter valued at $109,000. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Stock Performance

NYSE:AOS opened at $89.31 on Friday. The stock has a fifty day moving average price of $81.99 and a 200-day moving average price of $84.00. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 2.30 and a beta of 1.15. 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 Co. has a fifty-two week low of $64.86 and a fifty-two week high of $92.44.

A. O. Smith (NYSE:AOS) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share 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 the consensus estimate of $1 billion. A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. As a group, equities analysts anticipate that A. O. Smith Co. will post 4.07 EPS for the current fiscal 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 given 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 1.43%. A. O. Smith’s dividend payout ratio is currently 33.16%.

Insider Buying and Selling

In related news, SVP Samuel M. Carver sold 14,705 shares of the company’s 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 directly owns 2,399 shares in the company, valued at approximately $194,319. The sale was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a report on Tuesday, August 13th. UBS Group upped their price objective on A. O. Smith from $73.00 to $75.00 and gave the company a “sell” rating in a report on Monday, July 8th. Robert W. Baird decreased their price objective 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. Finally, Stifel Nicolaus raised A. O. Smith from a “hold” rating to a “buy” rating and upped their price objective for the company from $97.00 to $98.00 in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $89.67.

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.