The A. O. Smith Corp (AOS) Stake Increased by US Bancorp DE

The A. O. Smith Corp (AOS) Stake Increased by US Bancorp DE

Other hedge funds also recently modified their holdings of the company. Janus Capital Management LLC increased its stake in shares of A. O. Smith Corp by 145.4% in the fourth quarter. Janus Capital Management LLC now owns 7,043,466 shares of the industrial products company’s stock worth $333,508,000 after buying an additional 4,173,616 shares during the period. FMR LLC increased its stake in shares of A. O. Smith Corp by 110.9% in the fourth quarter. FMR LLC now owns 7,406,450 shares of the industrial products company’s stock worth $350,695,000 after buying an additional 3,893,815 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of A. O. Smith Corp by 1,462.1% in the fourth quarter. Brown Advisory Inc. now owns 3,653,593 shares of the industrial products company’s stock worth $172,996,000 after buying an additional 3,419,709 shares during the last quarter. State Street Corp increased its stake in shares of A. O. Smith Corp by 68.0% in the fourth quarter. State Street Corp now owns 6,267,617 shares of the industrial products company’s stock worth $296,770,000 after buying an additional 2,537,748 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of A. O. Smith Corp during the fourth quarter worth about $90,462,000. 42.47% of the stock is owned by institutional investors and hedge funds.

US Bancorp DE increased its position in A. O. Smith Corp (NYSE:AOS) by 19.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,550 shares of the industrial products company’s stock after buying an additional 8,284 shares during the period. US Bancorp DE’s holdings in A. O. Smith Corp were worth $2,637,000 as of its most recent filing with the SEC.

A. O. Smith Corp (NYSE:AOS) opened at 56.25 on Monday. The stock has a 50 day moving average price of $53.60 and a 200 day moving average price of $50.42. A. O. Smith Corp has a 52 week low of $40.51 and a 52 week high of $56.58. The stock has a market cap of $9.73 billion, a PE ratio of 28.99 and a beta of 1.42.

A. O. Smith Corp (NYSE:AOS) last posted its earnings results on Thursday, April 27th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. A. O. Smith Corp had a return on equity of 21.77% and a net margin of 12.16%. The business had revenue of $740 million during the quarter, compared to analyst estimates of $698.38 million. During the same quarter last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, equities analysts predict that A. O. Smith Corp will post $2.10 earnings per share for the current year. The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 28th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, April 26th. This represents a $0.56 dividend on an annualized basis and a yield of 1.00%. A. O. Smith Corp’s dividend payout ratio (DPR) is presently 30.35%.

AOS has been the subject of a number of recent analyst reports. Zacks Investment Research raised A. O. Smith Corp from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Monday, February 6th. KeyCorp reaffirmed a “sector weight” rating on shares of A. O. Smith Corp in a research report on Friday, April 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC set a $60.00 target price on A. O. Smith Corp and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. A. O. Smith Corp has a consensus rating of “Buy” and a consensus target price of $62.00. In related news, VP Patricia K. Ackerman sold 7,406 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $49.40, for a total value of $365,856.40. Following the sale, the vice president now directly owns 3,908 shares in the company, valued at approximately $193,055.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Idelle K. Wolf sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $54.96, for a total value of $41,220.00. Following the completion of the sale, the director now owns 54,803 shares in the company, valued at $3,011,972.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,334 shares of company stock valued at $8,326,534. 1.76% of the stock is owned by insiders.

A. O. Smith Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AOS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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