Osborn Williams & Donohoe LLC Invests $394,000 in A. O. Smith Corp (NYSE:AOS)

Osborn Williams & Donohoe LLC purchased a new position in A. O. Smith Corp (NYSE:AOS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,264 shares of the industrial products company’s stock, valued at approximately $394,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. increased its stake in A. O. Smith by 67.3% in the second quarter. CSat Investment Advisory L.P. now owns 1,318 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 530 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in A. O. Smith by 51.3% in the first quarter. Rehmann Capital Advisory Group now owns 1,916 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 650 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in A. O. Smith by 105.5% in the second quarter. Parkside Financial Bank & Trust now owns 2,010 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 1,032 shares during the last quarter. Advisory Services Network LLC increased its stake in A. O. Smith by 121.1% in the first quarter. Advisory Services Network LLC now owns 2,941 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 1,611 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in A. O. Smith in the second quarter valued at $142,000. 76.21% of the stock is owned by institutional investors.

In other news, Chairman Ajita G. Rajendra sold 16,556 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $49.47, for a total value of $819,025.32. Following the completion of the sale, the chairman now owns 78,163 shares of the company’s stock, valued at $3,866,723.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Helen E. Gurholt sold 1,263 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $45.82, for a total value of $57,870.66. The disclosure for this sale can be found here. 1.03% of the stock is owned by corporate insiders.

NYSE:AOS traded up $0.61 on Friday, hitting $50.63. 31,373 shares of the stock were exchanged, compared to its average volume of 1,119,444. The stock has a market cap of $8.26 billion, a PE ratio of 19.39, a PEG ratio of 2.28 and a beta of 1.53. The company has a current ratio of 2.19, a quick ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average of $47.46 and a 200-day moving average of $47.57. A. O. Smith Corp has a fifty-two week low of $40.34 and a fifty-two week high of $56.66.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.03). The firm had revenue of $765.40 million for the quarter, compared to analyst estimates of $812.29 million. A. O. Smith had a return on equity of 24.31% and a net margin of 13.71%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. As a group, analysts predict that A. O. Smith Corp will post 2.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.24 dividend. This is an increase from A. O. Smith’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.96 annualized dividend and a dividend yield of 1.90%. A. O. Smith’s dividend payout ratio is presently 33.72%.

Several research firms recently commented on AOS. Northcoast Research reiterated a “buy” rating on shares of A. O. Smith in a research note on Wednesday, October 2nd. TheStreet upgraded A. O. Smith from a “c+” rating to a “b-” rating in a research note on Tuesday, September 10th. Jefferies Financial Group assumed coverage on A. O. Smith in a research note on Wednesday, July 10th. They set a “hold” rating for the company. Zacks Investment Research lowered A. O. Smith from a “hold” rating to a “sell” rating and set a $48.00 price target for the company. in a research note on Wednesday, June 26th. Finally, ValuEngine upgraded A. O. Smith from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $54.85.

A. O. Smith Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas 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 and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.

Featured Story: How to read a candlestick chart

Want to see what other hedge funds are holding AOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A. O. Smith Corp (NYSE:AOS).

Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

Receive News & Ratings for A. O. Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith and related companies with MarketBeat.com's FREE daily email newsletter.