Smith (A.O.) Corporation (AOS) Shares Bought by Amalgamated Bank

Amalgamated Bank lifted its stake in Smith (A.O.) Corporation (NYSE:AOS) by 23.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,088 shares of the industrial products company’s stock after purchasing an additional 5,613 shares during the quarter. Amalgamated Bank’s holdings in Smith (A.O.) Corporation were worth $1,639,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co raised its position in shares of Smith (A.O.) Corporation by 3.7% in 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. raised its position in shares of Smith (A.O.) Corporation by 6.4% in 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. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Smith (A.O.) Corporation in the 2nd quarter valued at approximately $113,000. Van ECK Associates Corp raised its position in shares of Smith (A.O.) Corporation by 7.0% in 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. Finally, Hudock Capital Group LLC purchased a new position in shares of Smith (A.O.) Corporation in the 2nd quarter valued at approximately $156,000. 74.00% of the stock is owned by hedge funds and other institutional investors.

In other Smith (A.O.) Corporation news, Director Paul W. Jones sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was 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 owns 277,465 shares in the company, valued at $14,988,659.30. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.27% of the stock is currently owned by insiders.

Several equities analysts recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $56.00 price objective on shares of Smith (A.O.) Corporation in a research report on Friday, August 11th. KeyCorp reaffirmed a “hold” rating on shares of Smith (A.O.) Corporation in a research report on Tuesday, September 12th. Zacks Investment Research lowered shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Finally, BidaskClub lowered shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $66.83.

Smith (AOS) opened at 59.07 on Thursday. Smith has a one year low of $43.66 and a one year high of $59.07. The firm has a market cap of $10.19 billion, a P/E ratio of 29.98 and a beta of 1.49. The company has a 50-day moving average of $55.25 and a 200 day moving average of $54.19.

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

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About Smith (A.O.) Corporation

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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