Nationwide Fund Advisors Has $23.34 Million Stake in Smith (A.O.) Corporation (AOS)

Nationwide Fund Advisors lessened its holdings in shares of Smith (A.O.) Corporation (NYSE:AOS) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 414,347 shares of the industrial products company’s stock after selling 33,744 shares during the period. Nationwide Fund Advisors owned approximately 0.24% of Smith (A.O.) Corporation worth $23,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Smith (A.O.) Corporation by 0.7% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 3,246 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 22 shares during the last quarter. Somerset Trust Co lifted its holdings in shares of Smith (A.O.) Corporation by 0.4% during the 2nd quarter. Somerset Trust Co now owns 12,433 shares of the industrial products company’s stock valued at $701,000 after purchasing an additional 55 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Smith (A.O.) Corporation by 3.7% during the 2nd quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 66 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Smith (A.O.) Corporation by 6.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 119 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Smith (A.O.) Corporation by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 2,226 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 74.00% of the company’s stock.

Several analysts have recently commented on the company. KeyCorp reiterated a “hold” rating on shares of Smith (A.O.) Corporation in a report on Tuesday, September 12th. Jefferies Group LLC reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a report on Friday, July 14th. BMO Capital Markets reiterated a “buy” rating and set a $60.00 price objective on shares of Smith (A.O.) Corporation in a report on Wednesday, September 6th. BidaskClub lowered Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Boenning Scattergood restated a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Smith (A.O.) Corporation currently has an average rating of “Buy” and a consensus price target of $66.83.

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In related news, Director Paul W. Jones sold 60,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $54.02, for a total value of $3,241,200.00. Following the completion of the sale, the director now directly owns 277,465 shares of the company’s stock, valued at $14,988,659.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.27% of the stock is owned by insiders.

Smith (NYSE:AOS) opened at 58.22 on Monday. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 29.55 and a beta of 1.49. Smith has a 52 week low of $43.66 and a 52 week high of $58.27. The company has a 50-day moving average price of $55.00 and a 200-day moving average price of $54.02.

Smith (A.O.) Corporation (NYSE:AOS) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The firm had revenue of $738.20 million during the quarter, compared to the consensus estimate of $729.33 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts anticipate that Smith will post $2.11 EPS for the current year.

Smith (A.O.) Corporation Company Profile

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.

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Institutional Ownership by Quarter for Smith (A.O.) Corporation (NYSE:AOS)

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