A. O. Smith Co. (NYSE:AOS) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 21.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,368 shares of the industrial products company's stock after selling 7,054 shares during the quarter. Amalgamated Bank's holdings in A. O. Smith were worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of A. O. Smith by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company's stock worth $164,000 after purchasing an additional 134 shares in the last quarter. UMB Bank n.a. grew its holdings in A. O. Smith by 12.5% during the third quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company's stock valued at $110,000 after purchasing an additional 136 shares during the period. Algebris UK Ltd lifted its position in shares of A. O. Smith by 2.3% in the first quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company's stock valued at $506,000 after acquiring an additional 140 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of A. O. Smith by 5.0% in the third quarter. Gateway Investment Advisers LLC now owns 2,989 shares of the industrial products company's stock valued at $269,000 after acquiring an additional 142 shares in the last quarter. Finally, Kessler Investment Group LLC lifted its position in shares of A. O. Smith by 3.5% in the second quarter. Kessler Investment Group LLC now owns 5,087 shares of the industrial products company's stock worth $416,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company's stock.

A. O. Smith Price Performance

A. O. Smith stock traded down $1.64 during mid-day trading on Tuesday, reaching $73.46. The company had a trading volume of 325,333 shares, compared to its average volume of 967,510. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02. The stock's 50-day simple moving average is $81.08 and its 200-day simple moving average is $82.53. A. O. Smith Co. has a 1 year low of $72.41 and a 1 year high of $92.44. The company has a market capitalization of $10.65 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.98 and a beta of 1.17.

A. O. Smith (NYSE:AOS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, meeting analysts' consensus estimates of $0.82. The company had revenue of $957.80 million for the quarter, compared to analyst estimates of $960.36 million. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. During the same quarter last year, the business earned $0.90 EPS. On average, equities analysts predict that A. O. Smith Co. will post 3.78 EPS for the current year.

A. O. Smith Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.34 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.36 annualized dividend and a dividend yield of 1.85%. This is an increase from A. O. Smith's previous quarterly dividend of $0.32. A. O. Smith's payout ratio is presently 35.79%.

Analysts Set New Price Targets

A number of research firms have recently commented on AOS. DA Davidson cut A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 target price on the stock. in a research note on Wednesday, October 23rd. Stifel Nicolaus lowered their price objective on A. O. Smith from $92.00 to $91.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. UBS Group raised A. O. Smith from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $75.00 to $80.00 in a research report on Wednesday, October 23rd. StockNews.com upgraded A. O. Smith from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th. Finally, Robert W. Baird cut their price objective on A. O. Smith from $82.00 to $81.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $86.71.

A. O. Smith 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.