A. O. Smith Co. (NYSE:AOS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in A. O. Smith Co. (NYSE:AOS - Free Report) by 70.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 144,117 shares of the industrial products company's stock after selling 343,102 shares during the period. Wellington Management Group LLP owned about 0.10% of A. O. Smith worth $12,946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of A. O. Smith in the second quarter worth $25,000. Isthmus Partners LLC bought a new position in shares of A. O. Smith in the second quarter worth about $27,000. Quarry LP grew its position in shares of A. O. Smith by 214.9% during the second quarter. Quarry LP now owns 359 shares of the industrial products company's stock worth $29,000 after purchasing an additional 245 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in A. O. Smith during the 3rd quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC purchased a new position in A. O. Smith in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

A. O. Smith Stock Down 0.2 %

AOS stock traded down $0.14 on Friday, hitting $72.49. 981,477 shares of the company's stock were exchanged, compared to its average volume of 884,067. The firm has a 50 day moving average price of $76.19 and a two-hundred day moving average price of $80.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67. A. O. Smith Co. has a 12-month low of $70.73 and a 12-month high of $92.44. The stock has a market cap of $10.51 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 1.92 and a beta of 1.16.

A. O. Smith (NYSE:AOS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The business had revenue of $957.80 million during the quarter, compared to the consensus estimate of $960.36 million. During the same period in the previous year, the firm posted $0.90 earnings per share. As a group, equities research analysts expect that A. O. Smith Co. will post 3.77 EPS for the current fiscal year.

A. O. Smith Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.34 dividend. This is a positive change from A. O. Smith's previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, October 31st. A. O. Smith's dividend payout ratio (DPR) is presently 35.79%.

Analyst Upgrades and Downgrades

AOS has been the topic of several recent analyst reports. Robert W. Baird reduced their price objective on shares of A. O. Smith from $82.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Stifel Nicolaus decreased their price target on shares of A. O. Smith from $91.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday. UBS Group upgraded A. O. Smith from a "sell" rating to a "neutral" rating and raised their price objective for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Citigroup decreased their target price on A. O. Smith from $85.00 to $78.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Finally, DA Davidson cut A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 price target for the company. in a report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, A. O. Smith has an average rating of "Hold" and an average target price of $83.17.

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.