Virtus Fund Advisers LLC Reduces Position in A. O. Smith Corp (AOS)

Virtus Fund Advisers LLC decreased its stake in A. O. Smith Corp (NYSE:AOS) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,133 shares of the industrial products company’s stock after selling 3,936 shares during the period. Virtus Fund Advisers LLC owned about 0.08% of A. O. Smith worth $8,526,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Toronto Dominion Bank raised its stake in shares of A. O. Smith by 11.8% during the second quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 191 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of A. O. Smith by 70.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 1,150 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in shares of A. O. Smith during the fourth quarter valued at $210,000. Annex Advisory Services LLC bought a new position in shares of A. O. Smith during the third quarter valued at $214,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of A. O. Smith during the third quarter valued at $245,000. 74.18% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Ajita G. Rajendra sold 3,610 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $62.74, for a total transaction of $226,491.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Kita sold 25,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $66.10, for a total transaction of $1,652,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 122,649 shares of company stock valued at $7,839,090. 1.27% of the stock is currently owned by corporate insiders.

Shares of A. O. Smith Corp (NYSE:AOS) opened at $65.38 on Thursday. A. O. Smith Corp has a 12-month low of $49.19 and a 12-month high of $68.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.87 and a current ratio of 2.24. The firm has a market cap of $11,250.97, a price-to-earnings ratio of 38.46, a PEG ratio of 1.91 and a beta of 1.53.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. The company had revenue of $768.60 million during the quarter, compared to analysts’ expectations of $767.45 million. During the same period in the prior year, the company posted $0.47 earnings per share. A. O. Smith’s revenue for the quarter was up 10.1% compared to the same quarter last year. research analysts anticipate that A. O. Smith Corp will post 2.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This is a boost from A. O. Smith’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. A. O. Smith’s dividend payout ratio is 42.35%.

Several research firms have recently issued reports on AOS. BMO Capital Markets reaffirmed a “buy” rating and set a $78.00 price target on shares of A. O. Smith in a research note on Friday, January 26th. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating and set a $75.00 price target for the company in a research note on Wednesday, January 31st. Robert W. Baird reaffirmed a “buy” rating and set a $70.00 price target on shares of A. O. Smith in a research note on Wednesday, January 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of A. O. Smith in a research note on Tuesday, January 30th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $59.00 price target on shares of A. O. Smith in a research note on Monday, December 11th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $67.83.

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About A. O. Smith

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.

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

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