Stone Ridge Asset Management LLC bought a new position in A. O. Smith Corp (NYSE:AOS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 63,958 shares of the industrial products company’s stock, valued at approximately $3,919,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Guggenheim Capital LLC lifted its holdings in A. O. Smith by 8.9% in the 4th quarter. Guggenheim Capital LLC now owns 914,052 shares of the industrial products company’s stock worth $56,013,000 after purchasing an additional 74,790 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in A. O. Smith by 3.6% in the 4th quarter. Clearbridge Investments LLC now owns 381,771 shares of the industrial products company’s stock worth $23,395,000 after purchasing an additional 13,125 shares during the last quarter. Advisor Group Inc. lifted its holdings in A. O. Smith by 10.9% in the 4th quarter. Advisor Group Inc. now owns 8,139 shares of the industrial products company’s stock worth $497,000 after purchasing an additional 802 shares during the last quarter. Quantitative Investment Management LLC lifted its holdings in A. O. Smith by 72.6% in the 4th quarter. Quantitative Investment Management LLC now owns 97,500 shares of the industrial products company’s stock worth $5,974,000 after purchasing an additional 41,000 shares during the last quarter. Finally, Bamco Inc. NY lifted its holdings in A. O. Smith by 1.9% in the 4th quarter. Bamco Inc. NY now owns 538,894 shares of the industrial products company’s stock worth $33,023,000 after purchasing an additional 10,200 shares during the last quarter. Hedge funds and other institutional investors own 74.28% of the company’s stock.
In other news, Director William P. Greubel sold 17,856 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $66.50, for a total transaction of $1,187,424.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark D. Smith sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $62.73, for a total value of $163,098.00. Following the transaction, the director now owns 109,609 shares of the company’s stock, valued at $6,875,772.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,635 shares of company stock valued at $7,149,622. Corporate insiders own 1.28% of the company’s stock.
A. O. Smith Corp (NYSE AOS) opened at $66.49 on Monday. A. O. Smith Corp has a 1-year low of $49.48 and a 1-year high of $68.39. The company has a market capitalization of $11,403.77, a P/E ratio of 39.11, a PEG ratio of 1.94 and a beta of 1.52. The company has a current ratio of 2.24, a quick ratio of 1.87 and a debt-to-equity ratio of 0.24.
A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. A. O. Smith had a return on equity of 23.30% and a net margin of 9.89%. The company had revenue of $768.60 million during the quarter, compared to analyst estimates of $767.45 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. equities research analysts anticipate that A. O. Smith Corp will post 2.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, January 30th. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.08%. A. O. Smith’s payout ratio is 42.35%.
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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.
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