Virtu Financial LLC Acquires Shares of 6,344 A. O. Smith Corp (NYSE:AOS)

Virtu Financial LLC acquired a new position in shares of A. O. Smith Corp (NYSE:AOS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,344 shares of the industrial products company’s stock, valued at approximately $303,000.

Several other hedge funds have also recently modified their holdings of the business. State Street Corp raised its position in A. O. Smith by 11.9% in the 3rd quarter. State Street Corp now owns 9,684,955 shares of the industrial products company’s stock valued at $462,069,000 after purchasing an additional 1,027,106 shares during the last quarter. Voya Financial Advisors Inc. increased its stake in A. O. Smith by 1.6% in the third quarter. Voya Financial Advisors Inc. now owns 22,635 shares of the industrial products company’s stock valued at $1,079,000 after purchasing an additional 347 shares during the period. Smith Shellnut Wilson LLC ADV acquired a new position in A. O. Smith in the third quarter valued at $221,000. Cetera Advisor Networks LLC raised its holdings in shares of A. O. Smith by 8.3% in the third quarter. Cetera Advisor Networks LLC now owns 13,383 shares of the industrial products company’s stock valued at $641,000 after buying an additional 1,028 shares during the last quarter. Finally, Trillium Asset Management LLC raised its holdings in shares of A. O. Smith by 8.9% in the third quarter. Trillium Asset Management LLC now owns 182,726 shares of the industrial products company’s stock valued at $8,718,000 after buying an additional 14,959 shares during the last quarter. 79.37% of the stock is currently owned by institutional investors.

AOS stock opened at $46.90 on Friday. The stock has a market capitalization of $7.89 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.49. The company has a fifty day moving average of $49.93 and a 200-day moving average of $46.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.64 and a current ratio of 2.06. A. O. Smith Corp has a one year low of $40.38 and a one year high of $56.66.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. A. O. Smith had a net margin of 13.26% and a return on equity of 23.66%. The firm had revenue of $728.20 million during the quarter, compared to analysts’ expectations of $752.61 million. During the same period in the prior year, the company posted $0.61 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts forecast that A. O. Smith Corp will post 2.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.24 dividend. This is a boost from A. O. Smith’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Wednesday, October 30th. A. O. Smith’s dividend payout ratio (DPR) is currently 36.78%.

In other A. O. Smith news, Director Mark D. Smith sold 4,820 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $51.94, for a total value of $250,350.80. Following the completion of the transaction, the director now owns 109,113 shares in the company, valued at $5,667,329.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Ajita G. Rajendra sold 16,556 shares of the stock in a transaction on 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 transaction, the chairman now owns 78,163 shares of the company’s stock, valued at approximately $3,866,723.61. The disclosure for this sale can be found here. 1.03% of the stock is owned by company insiders.

A number of equities analysts recently issued reports on the company. Rosenblatt Securities began coverage on A. O. Smith in a report on Thursday, November 7th. They set a “neutral” rating and a $52.00 price target on the stock. TheStreet raised A. O. Smith from a “c+” rating to a “b-” rating in a research note on Tuesday, September 10th. ValuEngine raised A. O. Smith from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Northcoast Research reaffirmed a “buy” rating on shares of A. O. Smith in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $55.14.

A. O. Smith Company 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.

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

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