American National Bank Reduces Position in A. O. Smith Co. (NYSE:AOS)

American National Bank decreased its position in A. O. Smith Co. (NYSE:AOS) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,973 shares of the industrial products company’s stock after selling 1,001 shares during the period. American National Bank’s holdings in A. O. Smith were worth $1,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of A. O. Smith by 4.1% in the first quarter. CWM LLC now owns 3,765 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 147 shares during the last quarter. ETF Managers Group LLC lifted its stake in A. O. Smith by 1.5% during the 1st quarter. ETF Managers Group LLC now owns 11,416 shares of the industrial products company’s stock valued at $789,000 after acquiring an additional 170 shares during the period. First Republic Investment Management Inc. boosted its holdings in shares of A. O. Smith by 1.5% in the 2nd quarter. First Republic Investment Management Inc. now owns 11,922 shares of the industrial products company’s stock valued at $652,000 after acquiring an additional 172 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of A. O. Smith by 1.0% in the first quarter. CIBC Asset Management Inc now owns 17,581 shares of the industrial products company’s stock worth $1,216,000 after acquiring an additional 181 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in shares of A. O. Smith by 4.9% during the first quarter. Raymond James Trust N.A. now owns 4,351 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.

Insider Activity

In related news, CEO Kevin J. Wheeler sold 12,917 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $69.09, for a total value of $892,435.53. Following the transaction, the chief executive officer now directly owns 71,463 shares in the company, valued at $4,937,378.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Kevin J. Wheeler sold 12,917 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $69.09, for a total value of $892,435.53. Following the sale, the chief executive officer now directly owns 71,463 shares in the company, valued at approximately $4,937,378.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Idelle K. Wolf sold 1,142 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $72.77, for a total transaction of $83,103.34. Following the completion of the transaction, the director now directly owns 50,222 shares in the company, valued at approximately $3,654,654.94. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

A. O. Smith Stock Up 0.6 %

AOS stock opened at $67.17 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.22 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $71.95 and a two-hundred day moving average of $69.60. A. O. Smith Co. has a 12 month low of $46.58 and a 12 month high of $76.94. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 2.06 and a beta of 1.30.

A. O. Smith (NYSE:AOS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. A. O. Smith had a return on equity of 29.73% and a net margin of 7.32%. The business had revenue of $960.80 million during the quarter, compared to the consensus estimate of $961.17 million. During the same period last year, the company earned $0.82 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts forecast that A. O. Smith Co. will post 3.59 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.79%. A. O. Smith’s dividend payout ratio (DPR) is 66.30%.

Analysts Set New Price Targets

AOS has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $80.00 price target on shares of A. O. Smith in a report on Tuesday, September 12th. StockNews.com initiated coverage on A. O. Smith in a report on Thursday, August 17th. They set a “buy” rating on the stock. DA Davidson upped their price objective on A. O. Smith from $82.00 to $87.00 in a research report on Friday, July 28th. Finally, Seaport Res Ptn reissued a “neutral” rating on shares of A. O. Smith in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.29.

A. O. Smith Profile

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