SRN Advisors LLC Has $994,000 Stock Position in A. O. Smith Co. (NYSE:AOS)

SRN Advisors LLC grew its position in shares of A. O. Smith Co. (NYSE:AOS) by 5.1% in the first quarter, HoldingsChannel reports. The fund owned 11,106 shares of the industrial products company’s stock after acquiring an additional 540 shares during the period. SRN Advisors LLC’s holdings in A. O. Smith were worth $994,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Algebris UK Ltd boosted its holdings in shares of A. O. Smith by 2.3% in the 1st quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock valued at $506,000 after buying an additional 140 shares during the last quarter. Empirical Finance LLC increased its position in A. O. Smith by 3.3% during the 1st quarter. Empirical Finance LLC now owns 4,618 shares of the industrial products company’s stock worth $413,000 after buying an additional 149 shares during the period. United Asset Strategies Inc. increased its position in A. O. Smith by 1.5% during the 1st quarter. United Asset Strategies Inc. now owns 10,156 shares of the industrial products company’s stock worth $909,000 after buying an additional 152 shares during the period. American International Group Inc. increased its position in A. O. Smith by 0.5% during the 4th quarter. American International Group Inc. now owns 33,231 shares of the industrial products company’s stock worth $2,740,000 after buying an additional 163 shares during the period. Finally, Scotia Capital Inc. increased its position in A. O. Smith by 2.4% during the 4th quarter. Scotia Capital Inc. now owns 7,726 shares of the industrial products company’s stock worth $637,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Price Performance

NYSE:AOS traded down $0.14 during trading hours on Friday, hitting $82.40. The company’s stock had a trading volume of 1,106,038 shares, compared to its average volume of 1,227,818. The stock has a fifty day simple moving average of $83.48 and a 200-day simple moving average of $83.96. The company has a market capitalization of $12.02 billion, a P/E ratio of 21.35, a PEG ratio of 2.26 and a beta of 1.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.07. A. O. Smith Co. has a twelve month low of $64.14 and a twelve month high of $92.44.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.01). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $1.01 earnings per share. On average, analysts anticipate that A. O. Smith Co. will post 4.07 EPS for the current fiscal year.

A. O. Smith Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, July 31st. A. O. Smith’s payout ratio is 33.16%.

Wall Street Analysts Forecast Growth

AOS has been the topic of several recent research reports. Jefferies Financial Group increased their price objective on A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. UBS Group raised their price target on A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, July 8th. Oppenheimer restated a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. Robert W. Baird decreased their price target on A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, Citigroup raised their price target on A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $89.67.

Insider Activity

In related news, Director Ronald D. Brown 3,631 shares of the stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.

A. O. Smith Company Profile

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