A. O. Smith Co. (NYSE:AOS) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its stake in shares of A. O. Smith Co. (NYSE:AOS) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,393,519 shares of the industrial products company’s stock after purchasing an additional 66,933 shares during the quarter. Sei Investments Co. owned approximately 0.95% of A. O. Smith worth $113,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Pacer Advisors Inc. raised its stake in A. O. Smith by 11.8% during the 2nd quarter. Pacer Advisors Inc. now owns 11,288 shares of the industrial products company’s stock worth $923,000 after acquiring an additional 1,195 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of A. O. Smith by 4.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 196,090 shares of the industrial products company’s stock worth $16,036,000 after purchasing an additional 7,970 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of A. O. Smith by 36.9% in the 2nd quarter. King Luther Capital Management Corp now owns 64,317 shares of the industrial products company’s stock valued at $5,260,000 after purchasing an additional 17,340 shares during the period. Canada Pension Plan Investment Board grew its stake in A. O. Smith by 26.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 102,400 shares of the industrial products company’s stock worth $8,374,000 after buying an additional 21,400 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in A. O. Smith during the second quarter worth 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 news, SVP Samuel M. Carver sold 14,705 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total value of $1,191,105.00. Following the completion of the transaction, the senior vice president now owns 2,399 shares in the company, valued at approximately $194,319. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is owned by corporate insiders.

A. O. Smith Stock Down 1.7 %

AOS stock opened at $82.89 on Friday. The stock has a market capitalization of $12.09 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. The company has a fifty day moving average of $82.37 and a 200-day moving average of $83.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.70. A. O. Smith Co. has a one year low of $64.14 and a one year high of $92.44.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. A. O. Smith’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. As a group, analysts expect that A. O. Smith Co. will post 4.07 EPS for the current year.

A. O. Smith Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a $0.32 dividend. 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 payout ratio is 33.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AOS shares. Robert W. Baird lowered their target price on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. UBS Group lifted their price objective on shares of A. O. Smith from $73.00 to $75.00 and gave the company a “sell” rating in a research note on Monday, July 8th. StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Tuesday, August 13th. Finally, Stifel Nicolaus raised A. O. Smith from a “hold” rating to a “buy” rating and raised their price target for the stock from $97.00 to $98.00 in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $89.67.

A. O. Smith Company 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.