Skandinaviska Enskilda Banken AB publ Has $16.04 Million Position in A. O. Smith Co. (NYSE:AOS)

Skandinaviska Enskilda Banken AB publ increased its position in A. O. Smith Co. (NYSE:AOS) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 196,090 shares of the industrial products company’s stock after buying an additional 7,970 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.13% of A. O. Smith worth $16,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AOS. Isthmus Partners LLC acquired a new stake in A. O. Smith during the 2nd quarter valued at approximately $27,000. Versant Capital Management Inc increased its position in A. O. Smith by 157.2% during the 2nd quarter. Versant Capital Management Inc now owns 463 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 283 shares during the period. ORG Partners LLC increased its position in A. O. Smith by 665.0% during the 1st quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 532 shares during the period. Twin Tree Management LP increased its position in A. O. Smith by 188.9% during the 1st quarter. Twin Tree Management LP now owns 737 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 1,566 shares during the period. Finally, Benjamin Edwards Inc. acquired a new stake in A. O. Smith during the 2nd quarter valued at approximately $93,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Insider Buying and Selling at A. O. Smith

In other A. O. Smith news, SVP Samuel M. Carver sold 14,705 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the transaction, the senior vice president now directly owns 2,399 shares in the company, valued at approximately $194,319. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

AOS has been the subject of a number of recent analyst reports. StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Tuesday, August 13th. Robert W. Baird cut their price target on A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus upgraded A. O. Smith from a “hold” rating to a “buy” rating and increased their price target for the stock from $97.00 to $98.00 in a report on Wednesday, July 24th. Finally, UBS Group increased their price target on A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $89.67.

A. O. Smith Price Performance

Shares of AOS opened at $82.89 on Friday. A. O. Smith Co. has a 12-month low of $64.14 and a 12-month high of $92.44. The business’s fifty day moving average is $82.37 and its 200 day moving average is $83.98. The company has a quick ratio of 1.07, a current ratio of 1.70 and a debt-to-equity ratio of 0.07. The stock has a market cap of $12.09 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.23 and a beta of 1.15.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.01). A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the business posted $1.01 earnings per share. A. O. Smith’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts anticipate that A. O. Smith Co. will post 4.07 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Wednesday, July 31st. A. O. Smith’s dividend payout ratio (DPR) is presently 33.16%.

A. O. Smith Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.