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Vontobel Holding Ltd. Sells 482,898 Shares of A. O. Smith Corporation (NYSE:AOS)

A. O. Smith logo with Industrials background

Vontobel Holding Ltd. trimmed its position in A. O. Smith Corporation (NYSE:AOS - Free Report) by 96.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,627 shares of the industrial products company's stock after selling 482,898 shares during the period. Vontobel Holding Ltd.'s holdings in A. O. Smith were worth $1,021,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new position in A. O. Smith in the fourth quarter valued at approximately $66,000. Intact Investment Management Inc. acquired a new position in shares of A. O. Smith during the first quarter worth approximately $72,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of A. O. Smith during the fourth quarter worth approximately $84,000. Signaturefd LLC boosted its position in shares of A. O. Smith by 40.0% during the fourth quarter. Signaturefd LLC now owns 1,299 shares of the industrial products company's stock worth $89,000 after buying an additional 371 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of A. O. Smith by 40.4% during the first quarter. Parallel Advisors LLC now owns 1,571 shares of the industrial products company's stock worth $103,000 after buying an additional 452 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

A. O. Smith Trading Up 1.5%

NYSE AOS traded up $1.06 on Wednesday, hitting $69.52. 1,346,338 shares of the stock were exchanged, compared to its average volume of 1,300,002. A. O. Smith Corporation has a 52-week low of $58.83 and a 52-week high of $92.45. 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 company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.52 and a beta of 1.20. The company's 50-day moving average price is $66.43 and its two-hundred day moving average price is $66.62.

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

A. O. Smith Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, July 31st. A. O. Smith's dividend payout ratio is currently 37.99%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on A. O. Smith

A. O. Smith Profile

(Free Report)

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.

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

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