4,781 Shares in Smith (A.O.) Corporation (AOS) Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC acquired a new position in shares of Smith (A.O.) Corporation (NYSE:AOS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,781 shares of the industrial products company’s stock, valued at approximately $269,000.

A number of other hedge funds have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its position in Smith (A.O.) Corporation by 0.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,246 shares of the industrial products company’s stock worth $166,000 after buying an additional 22 shares in the last quarter. Somerset Trust Co raised its position in Smith (A.O.) Corporation by 0.4% in the second quarter. Somerset Trust Co now owns 12,433 shares of the industrial products company’s stock worth $701,000 after buying an additional 55 shares in the last quarter. CENTRAL TRUST Co raised its position in Smith (A.O.) Corporation by 3.7% in the second quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock worth $105,000 after buying an additional 66 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Smith (A.O.) Corporation by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,226 shares of the industrial products company’s stock worth $114,000 after buying an additional 145 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Smith (A.O.) Corporation by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,939 shares of the industrial products company’s stock worth $188,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 74.89% of the company’s stock.

Shares of Smith (AOS) opened at 53.93 on Friday. Smith has a 52 week low of $43.66 and a 52 week high of $57.97. The firm has a 50-day moving average of $55.45 and a 200 day moving average of $53.20. The company has a market cap of $9.30 billion, a P/E ratio of 27.38 and a beta of 1.51.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Thursday, July 27th. Smith (A.O.) Corporation’s payout ratio is 28.43%.

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AOS has been the topic of a number of recent research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $56.00 target price on shares of Smith (A.O.) Corporation in a report on Friday, August 11th. BidaskClub downgraded shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets reiterated a “buy” rating and set a $60.00 target price on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $68.00.

In other Smith (A.O.) Corporation news, insider John J. Kita sold 12,200 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $56.32, for a total value of $687,104.00. Following the completion of the sale, the insider now directly owns 85,067 shares in the company, valued at approximately $4,790,973.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul W. Jones sold 60,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $14,988,659.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,400 shares of company stock worth $5,734,444. Corporate insiders own 1.27% of the company’s stock.

Smith (A.O.) Corporation 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 Smith (A.O.) Corporation (NYSE:AOS)

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