136,499 Shares in A. O. Smith Co. (NYSE:AOS) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in shares of A. O. Smith Co. (NYSE:AOS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 136,499 shares of the industrial products company's stock, valued at approximately $9,311,000. A. O. Smith comprises about 0.4% of Edgestream Partners L.P.'s portfolio, making the stock its 18th biggest holding. Edgestream Partners L.P. owned about 0.09% of A. O. Smith as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Welch & Forbes LLC increased its holdings in A. O. Smith by 0.4% during the 4th quarter. Welch & Forbes LLC now owns 568,613 shares of the industrial products company's stock worth $38,785,000 after acquiring an additional 2,210 shares during the period. Candriam S.C.A. raised its position in A. O. Smith by 2.4% in the fourth quarter. Candriam S.C.A. now owns 46,793 shares of the industrial products company's stock worth $3,192,000 after acquiring an additional 1,119 shares during the period. Inceptionr LLC raised its stake in A. O. Smith by 53.9% during the 4th quarter. Inceptionr LLC now owns 4,320 shares of the industrial products company's stock valued at $295,000 after purchasing an additional 1,513 shares during the period. Raymond James Financial Inc. bought a new position in shares of A. O. Smith in the 4th quarter valued at about $7,015,000. Finally, Arizona State Retirement System increased its position in shares of A. O. Smith by 0.7% during the fourth quarter. Arizona State Retirement System now owns 34,838 shares of the industrial products company's stock worth $2,376,000 after acquiring an additional 234 shares during the period. Institutional investors own 76.10% of the company's stock.

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A. O. Smith Price Performance

Shares of AOS stock traded down $2.48 during trading on Tuesday, hitting $67.13. The company had a trading volume of 1,965,998 shares, compared to its average volume of 1,449,591. The stock's 50-day moving average is $67.99 and its two-hundred day moving average is $74.29. A. O. Smith Co. has a 52 week low of $64.55 and a 52 week high of $92.44. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.10.

A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.05). A. O. Smith had a net margin of 13.98% and a return on equity of 28.87%. As a group, analysts predict that A. O. Smith Co. will post 3.76 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, January 31st. A. O. Smith's dividend payout ratio (DPR) is currently 37.47%.

Insider Buying and Selling at A. O. Smith

In other A. O. Smith news, VP Robert J. Heideman sold 1,026 shares of A. O. Smith stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $65.65, for a total transaction of $67,356.90. Following the transaction, the vice president now directly owns 8,889 shares of the company's stock, valued at $583,562.85. The trade was a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas Samuel Karge sold 419 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $65.65, for a total transaction of $27,507.35. Following the completion of the transaction, the senior vice president now directly owns 2,749 shares of the company's stock, valued at approximately $180,471.85. The trade was a 13.23 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AOS has been the subject of several research analyst reports. UBS Group reduced their price target on shares of A. O. Smith from $80.00 to $74.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Stifel Nicolaus lowered their price objective on shares of A. O. Smith from $90.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Oppenheimer dropped their target price on shares of A. O. Smith from $88.00 to $84.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. StockNews.com raised shares of A. O. Smith from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a research note on Friday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $80.86.

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.