A. O. Smith Corp (AOS) Shares Bought by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd grew its stake in A. O. Smith Corp (NYSE:AOS) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,700 shares of the industrial products company’s stock after purchasing an additional 900 shares during the period. Gulf International Bank UK Ltd’s holdings in A. O. Smith were worth $2,800,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV grew its position in A. O. Smith by 372.8% in the 3rd quarter. KBC Group NV now owns 503,178 shares of the industrial products company’s stock worth $29,904,000 after purchasing an additional 396,752 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of A. O. Smith by 41.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 781,634 shares of the industrial products company’s stock valued at $46,453,000 after acquiring an additional 228,032 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of A. O. Smith by 4.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 297,930 shares of the industrial products company’s stock valued at $17,706,000 after acquiring an additional 11,452 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of A. O. Smith during the 3rd quarter valued at about $934,000. Finally, Cipher Capital LP acquired a new stake in shares of A. O. Smith during the 3rd quarter valued at about $1,574,000. Institutional investors own 74.93% of the company’s stock.

In related news, insider Peter R. Martineau sold 22,267 shares of A. O. Smith stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $59.33, for a total transaction of $1,321,101.11. Following the completion of the transaction, the insider now directly owns 17,528 shares of the company’s stock, valued at approximately $1,039,936.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Idelle K. Wolf sold 2,000 shares of A. O. Smith stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $60.00, for a total transaction of $120,000.00. Following the transaction, the director now directly owns 52,053 shares of the company’s stock, valued at $3,123,180. The disclosure for this sale can be found here. Insiders have sold a total of 100,156 shares of company stock valued at $6,092,537 over the last three months. 1.27% of the stock is currently owned by insiders.

Several analysts have recently weighed in on AOS shares. Boenning Scattergood lowered shares of A. O. Smith from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and set a $59.00 target price on shares of A. O. Smith in a research report on Thursday, October 12th. SunTrust Banks reiterated a “buy” rating and set a $65.00 target price on shares of A. O. Smith in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of A. O. Smith from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Finally, Robert W. Baird reiterated a “buy” rating and set a $68.00 target price on shares of A. O. Smith in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.40.

Shares of A. O. Smith Corp (AOS) opened at $65.59 on Thursday. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 0.27. A. O. Smith Corp has a 12-month low of $46.44 and a 12-month high of $66.19. The firm has a market cap of $11,187.35, a PE ratio of 32.15, a PEG ratio of 2.18 and a beta of 1.55.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. A. O. Smith had a net margin of 12.18% and a return on equity of 22.42%. The firm had revenue of $749.90 million during the quarter, compared to the consensus estimate of $741.28 million. During the same period last year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. analysts anticipate that A. O. Smith Corp will post 2.13 earnings per share for the current year.

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A. O. Smith 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.

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

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