Latest Stocks: A. O. Smith Corp (AOS) Shares Bought by Bank of New York Mellon Corp

Latest Stocks: A. O. Smith Corp (AOS) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in shares of A. O. Smith Corp (NYSE:AOS) by 10.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,861,307 shares of the industrial products company’s stock after buying an additional 179,762 shares during the period. Bank of New York Mellon Corp owned 1.07% of A. O. Smith Corp worth $95,224,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AOS. Korea Investment CORP bought a new stake in shares of A. O. Smith Corp during the first quarter valued at about $102,000. Creative Planning increased its position in A. O. Smith Corp by 130.9% in the first quarter. Creative Planning now owns 2,949 shares of the industrial products company’s stock valued at $151,000 after buying an additional 1,672 shares during the period. FTB Advisors Inc. increased its position in A. O. Smith Corp by 100.0% in the first quarter. FTB Advisors Inc. now owns 3,500 shares of the industrial products company’s stock valued at $179,000 after buying an additional 1,750 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in A. O. Smith Corp by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,939 shares of the industrial products company’s stock valued at $188,000 after buying an additional 161 shares during the period. Finally, Bessemer Group Inc. increased its position in A. O. Smith Corp by 11.0% in the fourth quarter. Bessemer Group Inc. now owns 4,101 shares of the industrial products company’s stock valued at $194,000 after buying an additional 405 shares during the period. Hedge funds and other institutional investors own 42.47% of the company’s stock.

Shares of A. O. Smith Corp (AOS) opened at 56.17 on Tuesday. The company’s 50-day moving average is $53.68 and its 200 day moving average is $50.53. A. O. Smith Corp has a 1-year low of $40.51 and a 1-year high of $56.61. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 28.95 and a beta of 1.42.

A. O. Smith Corp (NYSE:AOS) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The business had revenue of $740 million during the quarter, compared to the consensus estimate of $698.38 million. A. O. Smith Corp had a return on equity of 21.77% and a net margin of 12.16%. The company’s revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. Equities analysts anticipate that A. O. Smith Corp will post $2.10 EPS for the current year. The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 28th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Wednesday, April 26th. A. O. Smith Corp’s payout ratio is currently 30.35%.

A. O. Smith Corp (NYSE:AOS) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The business had revenue of $740 million during the quarter, compared to the consensus estimate of $698.38 million. A. O. Smith Corp had a return on equity of 21.77% and a net margin of 12.16%. The company’s revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. Equities analysts anticipate that A. O. Smith Corp will post $2.10 EPS for the current year. AOS has been the topic of several research reports. Jefferies Group LLC set a $60.00 price objective on shares of A. O. Smith Corp and gave the company a “buy” rating in a research report on Thursday, June 1st. KeyCorp reiterated a “sector weight” rating on shares of A. O. Smith Corp in a research report on Friday, April 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of A. O. Smith Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $62.00.

In other news, VP Robert J. Heideman sold 30,141 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $53.90, for a total value of $1,624,599.90. Following the completion of the sale, the vice president now directly owns 39,495 shares of the company’s stock, valued at $2,128,780.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Idelle K. Wolf sold 750 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $54.96, for a total value of $41,220.00. Following the sale, the director now directly owns 54,803 shares of the company’s stock, valued at $3,011,972.88. The disclosure for this sale can be found here. Insiders sold 153,334 shares of company stock valued at $8,326,534 over the last three months. Corporate insiders own 1.76% of the company’s stock. About A. O. Smith Corp

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