MERIAN GLOBAL INVESTORS UK Ltd Has $85.18 Million Stake in A. O. Smith Corp (AOS)

MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in shares of A. O. Smith Corp (NYSE:AOS) by 38.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,596,018 shares of the industrial products company’s stock after buying an additional 440,720 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd owned approximately 0.94% of A. O. Smith worth $85,179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fort L.P. acquired a new position in shares of A. O. Smith during the second quarter worth approximately $116,000. Signet Financial Management LLC acquired a new position in shares of A. O. Smith during the second quarter worth approximately $119,000. Captrust Financial Advisors boosted its position in shares of A. O. Smith by 83.6% during the second quarter. Captrust Financial Advisors now owns 2,264 shares of the industrial products company’s stock worth $134,000 after buying an additional 1,031 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of A. O. Smith during the second quarter worth approximately $142,000. Finally, Federated Investors Inc. PA acquired a new position in shares of A. O. Smith during the second quarter worth approximately $145,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

In other news, Director Paul W. Jones sold 4,591 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $58.92, for a total transaction of $270,501.72. Following the completion of the sale, the director now owns 214,558 shares in the company, valued at approximately $12,641,757.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.28% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded A. O. Smith from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Tuesday, June 26th. Oppenheimer restated a “hold” rating on shares of A. O. Smith in a research report on Wednesday, July 25th. BMO Capital Markets restated a “buy” rating and issued a $73.00 target price on shares of A. O. Smith in a research report on Thursday, July 26th. ValuEngine downgraded A. O. Smith from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Finally, Boenning Scattergood restated a “buy” rating and issued a $75.00 target price on shares of A. O. Smith in a research report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $66.63.

AOS opened at $47.62 on Thursday. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.70 and a beta of 1.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.15 and a quick ratio of 1.77. A. O. Smith Corp has a 1-year low of $47.32 and a 1-year high of $68.39.

A. O. Smith (NYSE:AOS) last released its earnings results on Wednesday, July 25th. The industrial products company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. A. O. Smith had a return on equity of 24.67% and a net margin of 10.50%. The firm had revenue of $833.30 million during the quarter, compared to the consensus estimate of $811.72 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, analysts predict that A. O. Smith Corp will post 2.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, October 30th. This is an increase from A. O. Smith’s previous quarterly dividend of $0.18. A. O. Smith’s dividend payout ratio is 33.18%.

About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.

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

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