Water Asset Management LLC lifted its holdings in shares of A. O. Smith Corp (NYSE:AOS) by 5.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 233,481 shares of the industrial products company’s stock after buying an additional 11,512 shares during the period. A. O. Smith accounts for approximately 6.5% of Water Asset Management LLC’s holdings, making the stock its 7th biggest position. Water Asset Management LLC’s holdings in A. O. Smith were worth $14,847,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AOS. Alliancebernstein L.P. grew its position in A. O. Smith by 15.5% in the 4th quarter. Alliancebernstein L.P. now owns 4,074,225 shares of the industrial products company’s stock worth $249,669,000 after purchasing an additional 547,648 shares during the last quarter. Carillon Tower Advisers Inc. bought a new position in A. O. Smith in the 4th quarter worth about $25,208,000. JPMorgan Chase & Co. grew its position in A. O. Smith by 100.7% in the 1st quarter. JPMorgan Chase & Co. now owns 571,497 shares of the industrial products company’s stock worth $36,342,000 after purchasing an additional 286,706 shares during the last quarter. BlackRock Inc. grew its position in A. O. Smith by 2.0% in the 1st quarter. BlackRock Inc. now owns 10,100,010 shares of the industrial products company’s stock worth $642,259,000 after purchasing an additional 196,941 shares during the last quarter. Finally, Elkfork Partners LLC bought a new position in A. O. Smith in the 4th quarter worth about $8,111,000. 74.55% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on AOS. ValuEngine cut shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Zacks Investment Research upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Monday, May 21st. Stifel Nicolaus upped their target price on shares of A. O. Smith from $63.00 to $67.00 and gave the stock a “hold” rating in a research report on Friday, April 27th. DA Davidson began coverage on shares of A. O. Smith in a research report on Thursday, April 12th. They issued a “buy” rating and a $72.00 target price for the company. Finally, Boenning Scattergood upgraded shares of A. O. Smith from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 22nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $70.67.

In other news, Chairman Ajita G. Rajendra sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $64.06, for a total value of $640,600.00. Following the completion of the sale, the chairman now directly owns 301,018 shares of the company’s stock, valued at approximately $19,283,213.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Ajita G. Rajendra sold 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $64.60, for a total transaction of $167,960.00. Following the completion of the sale, the chairman now directly owns 301,018 shares of the company’s stock, valued at $19,445,762.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,481 shares of company stock valued at $2,013,788. Company insiders own 1.28% of the company’s stock.

Shares of NYSE:AOS opened at $63.71 on Friday. The company has a market capitalization of $10.99 billion, a PE ratio of 29.36, a P/E/G ratio of 2.04 and a beta of 1.53. A. O. Smith Corp has a twelve month low of $53.23 and a twelve month high of $68.39. The company has a quick ratio of 1.80, a current ratio of 2.18 and a debt-to-equity ratio of 0.17.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Wednesday, April 25th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $788.00 million during the quarter, compared to analyst estimates of $791.76 million. A. O. Smith had a net margin of 10.10% and a return on equity of 23.77%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. equities analysts forecast that A. O. Smith Corp will post 2.59 earnings per share for the current year.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large 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 filtrations 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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