70,000 Shares in A. O. Smith Corp (AOS) Acquired by Luminus Management LLC

Luminus Management LLC acquired a new stake in shares of A. O. Smith Corp (NYSE:AOS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 70,000 shares of the industrial products company’s stock, valued at approximately $3,736,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bath Savings Trust Co increased its holdings in shares of A. O. Smith by 17.3% during the third quarter. Bath Savings Trust Co now owns 6,650 shares of the industrial products company’s stock valued at $355,000 after acquiring an additional 980 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of A. O. Smith by 83.6% during the second quarter. Captrust Financial Advisors now owns 2,264 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 1,031 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of A. O. Smith by 13.1% during the third quarter. Janney Montgomery Scott LLC now owns 11,171 shares of the industrial products company’s stock valued at $596,000 after acquiring an additional 1,293 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of A. O. Smith by 10.2% during the third quarter. Synovus Financial Corp now owns 14,038 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 1,296 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its holdings in shares of A. O. Smith by 2.7% during the second quarter. Riverhead Capital Management LLC now owns 50,356 shares of the industrial products company’s stock valued at $2,978,000 after acquiring an additional 1,326 shares in the last quarter. Hedge funds and other institutional investors own 77.02% of the company’s stock.

Several equities research analysts recently issued reports on AOS shares. Stephens started coverage on A. O. Smith in a report on Monday, November 19th. They set an “equal weight” rating and a $50.00 price target for the company. Zacks Investment Research upgraded A. O. Smith from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Oppenheimer reiterated a “hold” rating on shares of A. O. Smith in a report on Tuesday, September 18th. Robert W. Baird decreased their price target on A. O. Smith from $68.00 to $58.00 and set an “outperform” rating for the company in a report on Wednesday, October 10th. Finally, BMO Capital Markets decreased their price target on A. O. Smith from $73.00 to $66.00 and set an “outperform” rating for the company in a report on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $64.00.

Shares of NYSE:AOS opened at $41.41 on Friday. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.43 and a beta of 1.45. The company has a quick ratio of 1.75, a current ratio of 2.16 and a debt-to-equity ratio of 0.11. A. O. Smith Corp has a 1 year low of $40.34 and a 1 year high of $68.39.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The business had revenue of $754.10 million during the quarter, compared to the consensus estimate of $805.92 million. A. O. Smith had a net margin of 10.83% and a return on equity of 24.98%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. On average, equities analysts forecast that A. O. Smith Corp will post 2.58 EPS for the current fiscal year.

In other A. O. Smith news, Director Paul W. Jones sold 9,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $45.99, for a total value of $413,910.00. Following the completion of the transaction, the director now owns 200,967 shares in the company, valued at approximately $9,242,472.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is owned by corporate insiders.

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About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations 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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