New York State Teachers Retirement System Sells 9,610 Shares of A. O. Smith Corporation (NYSE:AOS)

New York State Teachers Retirement System lowered its position in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 9.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,128 shares of the industrial products company's stock after selling 9,610 shares during the quarter. New York State Teachers Retirement System owned approximately 0.06% of A. O. Smith worth $5,695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of A. O. Smith by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,231,084 shares of the industrial products company's stock worth $83,972,000 after acquiring an additional 12,305 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of A. O. Smith by 41.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,089 shares of the industrial products company's stock worth $463,000 after acquiring an additional 2,084 shares during the last quarter. Assetmark Inc. raised its position in shares of A. O. Smith by 7.1% during the fourth quarter. Assetmark Inc. now owns 27,825 shares of the industrial products company's stock worth $1,898,000 after acquiring an additional 1,834 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of A. O. Smith by 1.8% during the first quarter. State of Alaska Department of Revenue now owns 13,831 shares of the industrial products company's stock worth $903,000 after acquiring an additional 250 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in A. O. Smith in the fourth quarter valued at about $7,015,000. Institutional investors own 76.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of A. O. Smith in a report on Friday, June 27th. JPMorgan Chase & Co. assumed coverage on A. O. Smith in a report on Tuesday, June 24th. They issued a "neutral" rating and a $70.00 price objective for the company. Citigroup dropped their price objective on A. O. Smith from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Stifel Nicolaus upped their price objective on A. O. Smith from $75.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Robert W. Baird upped their price objective on A. O. Smith from $75.00 to $76.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, A. O. Smith presently has an average rating of "Hold" and an average price target of $75.29.

A. O. Smith Stock Up 0.2%

AOS stock traded up $0.14 during mid-day trading on Monday, reaching $68.06. The company had a trading volume of 186,128 shares, compared to its average volume of 1,289,753. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.61 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $66.30 and a two-hundred day simple moving average of $66.59. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.51 and a beta of 1.20. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $92.45.

A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The company had revenue of $963.90 million during the quarter, compared to analysts' expectations of $950.56 million. A. O. Smith had a return on equity of 28.39% and a net margin of 13.74%. The business's revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.00 earnings per share. As a group, equities analysts predict that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

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.