Today, Neuberger Berman Group LLC sells partial stakes of A.O. Smith Corp. (AOS)

Today, Neuberger Berman Group LLC sells partial stakes of A.O. Smith Corp. (AOS)

Neuberger Berman Group LLC decreased its stake in A.O. Smith Corp. (NYSE:AOS) by 7.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,149,017 shares of the company’s stock after selling 97,717 shares during the period. Neuberger Berman Group LLC owned approximately 0.65% of A.O. Smith Corp. worth $113,511,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in A.O. Smith Corp. by 1.5% in the second quarter. FMR LLC now owns 3,965,527 shares of the company’s stock valued at $349,403,000 after buying an additional 57,178 shares during the last quarter. State Street Corp boosted its stake in shares of A.O. Smith Corp. by 8.6% in the second quarter. State Street Corp now owns 3,867,310 shares of the company’s stock worth $340,742,000 after buying an additional 306,346 shares during the period. Janus Capital Management LLC boosted its stake in shares of A.O. Smith Corp. by 0.8% in the second quarter. Janus Capital Management LLC now owns 2,758,916 shares of the company’s stock worth $243,089,000 after buying an additional 21,177 shares during the period. BlackRock Fund Advisors boosted its stake in shares of A.O. Smith Corp. by 5.1% in the second quarter. BlackRock Fund Advisors now owns 2,652,861 shares of the company’s stock worth $233,744,000 after buying an additional 129,327 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of A.O. Smith Corp. by 5.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,275,852 shares of the company’s stock worth $200,525,000 after buying an additional 122,995 shares during the period. Institutional investors own 38.10% of the company’s stock.

Shares of A.O. Smith Corp. (NYSE:AOS) opened at 49.20 on Friday. The stock has a market cap of $8.56 billion, a PE ratio of 26.87 and a beta of 1.40. The firm has a 50 day moving average price of $47.43 and a 200 day moving average price of $45.58. A.O. Smith Corp. has a 12-month low of $30.15 and a 12-month high of $51.49.

A.O. Smith Corp. (NYSE:AOS) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. A.O. Smith Corp. had a return on equity of 21.84% and a net margin of 12.32%. The firm earned $683.90 million during the quarter, compared to analysts’ expectations of $577.20 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that A.O. Smith Corp. will post $1.83 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, October 27th. A.O. Smith Corp.’s payout ratio is currently 26.30%.

AOS has been the topic of a number of recent research reports. KeyCorp reissued a “buy” rating and set a $107.00 price objective on shares of A.O. Smith Corp. in a report on Thursday, October 6th. Jefferies Group dropped their price objective on A.O. Smith Corp. from $55.50 to $43.00 and set a “buy” rating on the stock in a report on Friday, September 23rd. BMO Capital Markets set a $53.00 price objective on A.O. Smith Corp. and gave the stock a “buy” rating in a report on Monday, August 8th. Finally, Zacks Investment Research cut A.O. Smith Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $53.79.

In related news, VP James F. Stern sold 20,000 shares of A.O. Smith Corp. stock in a transaction on Monday, November 14th. The stock was sold at an average price of $47.69, for a total value of $953,800.00. Following the completion of the sale, the vice president now owns 85,267 shares of the company’s stock, valued at $4,066,383.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Charles T. Lauber sold 2,473 shares of A.O. Smith Corp. stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $48.12, for a total value of $119,000.76. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.

A.O. Smith Corp. Company Profile

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