Mitsubishi UFJ Trust & Banking Corp Decreases Holdings in A. O. Smith Co. (NYSE:AOS)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 89.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,262 shares of the industrial products company's stock after selling 502,715 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in A. O. Smith were worth $4,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. lifted its holdings in shares of A. O. Smith by 2.0% during the third quarter. D.A. Davidson & CO. now owns 9,765 shares of the industrial products company's stock worth $877,000 after purchasing an additional 196 shares during the period. FMR LLC increased its holdings in A. O. Smith by 180.2% in the 3rd quarter. FMR LLC now owns 125,384 shares of the industrial products company's stock valued at $11,263,000 after purchasing an additional 80,632 shares during the last quarter. Quantbot Technologies LP purchased a new position in A. O. Smith in the third quarter valued at $850,000. Glenmede Trust Co. NA lifted its holdings in A. O. Smith by 4.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,992 shares of the industrial products company's stock worth $359,000 after buying an additional 163 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of A. O. Smith by 2.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 697,582 shares of the industrial products company's stock worth $62,664,000 after purchasing an additional 15,447 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a report on Saturday, March 22nd. Oppenheimer reduced their target price on A. O. Smith from $88.00 to $84.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus decreased their target price on shares of A. O. Smith from $90.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. UBS Group dropped their price target on A. O. Smith from $80.00 to $74.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Citigroup reduced their price target on shares of A. O. Smith from $78.00 to $73.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, A. O. Smith currently has a consensus rating of "Hold" and an average price target of $80.86.

Insider Transactions at A. O. Smith

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

A. O. Smith Trading Down 1.4 %

Shares of A. O. Smith stock traded down $0.92 on Friday, reaching $62.75. 794,286 shares of the company were exchanged, compared to its average volume of 1,091,425. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. A. O. Smith Co. has a fifty-two week low of $61.59 and a fifty-two week high of $92.45. The stock has a fifty day moving average price of $66.77 and a 200-day moving average price of $72.61. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.46 and a beta of 1.26.

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

A. O. Smith Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Friday, January 31st. A. O. Smith's dividend payout ratio is currently 37.47%.

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.