Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 826 Shares of A. O. Smith Co. (NYSE:AOS)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its position in A. O. Smith Co. (NYSE:AOS) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,920 shares of the industrial products company’s stock after selling 826 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in A. O. Smith were worth $1,220,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Cim LLC raised its stake in A. O. Smith by 4.3% during the 2nd quarter. Cim LLC now owns 40,779 shares of the industrial products company’s stock valued at $3,175,000 after purchasing an additional 1,668 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of A. O. Smith during the second quarter valued at approximately $1,372,000. Aristides Capital LLC purchased a new position in shares of A. O. Smith in the second quarter worth $249,000. Cetera Investment Advisers boosted its position in shares of A. O. Smith by 2.6% during the second quarter. Cetera Investment Advisers now owns 25,904 shares of the industrial products company’s stock worth $2,119,000 after acquiring an additional 649 shares during the last quarter. Finally, Truist Financial Corp grew its stake in A. O. Smith by 1.4% during the second quarter. Truist Financial Corp now owns 13,844 shares of the industrial products company’s stock valued at $1,132,000 after acquiring an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

A. O. Smith Trading Down 1.0 %

Shares of AOS opened at $88.94 on Wednesday. A. O. Smith Co. has a twelve month low of $64.86 and a twelve month high of $92.44. The company has a current ratio of 1.70, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $82.23 and its 200-day simple moving average is $84.04. The company has a market cap of $13.04 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.48 and a beta of 1.15.

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

A. O. Smith Dividend Announcement

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 1.44%. The ex-dividend date was Wednesday, July 31st. A. O. Smith’s dividend payout ratio (DPR) is presently 33.16%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, SVP Samuel M. Carver sold 14,705 shares of the company’s 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 transaction, the senior vice president now directly owns 2,399 shares in the company, valued at $194,319. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

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.