Trajan Wealth LLC Decreases Holdings in A. O. Smith Co. (NYSE:AOS)

Trajan Wealth LLC reduced its position in A. O. Smith Co. (NYSE:AOS) by 6.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,851 shares of the industrial products company’s stock after selling 186 shares during the period. Trajan Wealth LLC’s holdings in A. O. Smith were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Harbour Investments Inc. boosted its position in A. O. Smith by 2,462.1% in the second quarter. Harbour Investments Inc. now owns 6,764 shares of the industrial products company’s stock worth $553,000 after purchasing an additional 6,500 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in shares of A. O. Smith in the 2nd quarter worth approximately $250,000. Railway Pension Investments Ltd boosted its holdings in shares of A. O. Smith by 75.2% in the second quarter. Railway Pension Investments Ltd now owns 38,200 shares of the industrial products company’s stock worth $3,124,000 after buying an additional 16,400 shares during the last quarter. State of Michigan Retirement System grew its position in A. O. Smith by 4.5% during the second quarter. State of Michigan Retirement System now owns 35,133 shares of the industrial products company’s stock valued at $2,873,000 after buying an additional 1,500 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in A. O. Smith by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 1,075,913 shares of the industrial products company’s stock valued at $87,988,000 after buying an additional 26,794 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

AOS has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus upgraded A. O. Smith from a “hold” rating to a “buy” rating and lifted their target price for the company from $97.00 to $98.00 in a research report on Wednesday, July 24th. UBS Group boosted their price target on A. O. Smith from $73.00 to $75.00 and gave the company a “sell” rating in a report on Monday, July 8th. Finally, StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, A. O. Smith currently has a consensus rating of “Hold” and a consensus target price of $89.67.

Insiders Place Their Bets

In other news, SVP Samuel M. Carver sold 14,705 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the sale, the senior vice president now directly owns 2,399 shares in the company, valued at approximately $194,319. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.

A. O. Smith Price Performance

NYSE:AOS traded up $0.08 on Wednesday, reaching $81.84. 576,850 shares of the company’s stock traded hands, compared to its average volume of 940,737. The firm has a market cap of $12.00 billion, a PE ratio of 21.18, a P/E/G ratio of 2.18 and a beta of 1.15. The stock has a 50-day simple moving average of $82.91 and a 200-day simple moving average of $84.07. The company has a quick ratio of 1.07, a current ratio of 1.70 and a debt-to-equity ratio of 0.07. A. O. Smith Co. has a 12 month low of $64.14 and a 12 month high of $92.44.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. A. O. Smith’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. Equities research analysts forecast that A. O. Smith Co. will post 4.07 earnings per share for the current year.

A. O. Smith Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.28 annualized dividend and a yield of 1.56%. A. O. Smith’s dividend payout ratio (DPR) is currently 33.16%.

About A. O. Smith

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.