Atria Investments LLC grew its holdings in A. O. Smith Corp (NYSE:AOS) by 13.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,148 shares of the industrial products company’s stock after purchasing an additional 1,055 shares during the quarter. Atria Investments LLC’s holdings in A. O. Smith were worth $410,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AOS. First Trust Advisors LP lifted its stake in A. O. Smith by 24.2% in the 1st quarter. First Trust Advisors LP now owns 361,880 shares of the industrial products company’s stock worth $19,295,000 after purchasing an additional 70,425 shares in the last quarter. FIL Ltd lifted its stake in A. O. Smith by 55.9% in the 1st quarter. FIL Ltd now owns 18,708 shares of the industrial products company’s stock worth $998,000 after purchasing an additional 6,708 shares in the last quarter. Northern Trust Corp lifted its stake in A. O. Smith by 0.3% in the 1st quarter. Northern Trust Corp now owns 1,608,026 shares of the industrial products company’s stock worth $85,739,000 after purchasing an additional 4,873 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in A. O. Smith by 7.9% in the 1st quarter. Riverhead Capital Management LLC now owns 88,431 shares of the industrial products company’s stock worth $4,715,000 after purchasing an additional 6,477 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in A. O. Smith in the 1st quarter worth approximately $30,083,000. 76.20% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Helen E. Gurholt sold 1,263 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $45.82, for a total transaction of $57,870.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Ajita G. Rajendra sold 16,556 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $49.47, for a total transaction of $819,025.32. Following the sale, the chairman now owns 78,163 shares of the company’s stock, valued at approximately $3,866,723.61. The disclosure for this sale can be found here. 1.03% of the stock is owned by company insiders.
A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.03). The firm had revenue of $765.40 million for the quarter, compared to analyst estimates of $812.29 million. A. O. Smith had a return on equity of 24.31% and a net margin of 13.71%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 EPS. As a group, research analysts expect that A. O. Smith Corp will post 2.37 EPS for the current year.
AOS has been the topic of a number of research reports. Northcoast Research reissued a “buy” rating on shares of A. O. Smith in a research note on Wednesday, October 2nd. Zacks Investment Research lowered shares of A. O. Smith from a “hold” rating to a “sell” rating and set a $48.00 target price on the stock. in a research note on Wednesday, June 26th. Jefferies Financial Group initiated coverage on shares of A. O. Smith in a research note on Wednesday, July 10th. They issued a “hold” rating on the stock. TheStreet raised shares of A. O. Smith from a “c+” rating to a “b-” rating in a research note on Tuesday, September 10th. Finally, ValuEngine raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. A. O. Smith presently has an average rating of “Hold” and an average price target of $54.85.
A. O. Smith Profile
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration products for residences, restaurants, hotels, and offices.
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