Atria Investments Inc Cuts Stock Position in A. O. Smith Co. (NYSE:AOS)

Atria Investments Inc reduced its stake in A. O. Smith Co. (NYSE:AOS - Free Report) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,918 shares of the industrial products company's stock after selling 9,806 shares during the quarter. Atria Investments Inc's holdings in A. O. Smith were worth $1,768,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Brooklyn Investment Group bought a new position in shares of A. O. Smith during the third quarter worth approximately $43,000. Truvestments Capital LLC acquired a new position in A. O. Smith in the 3rd quarter valued at $55,000. Ridgewood Investments LLC bought a new position in A. O. Smith during the 4th quarter worth $60,000. Huntington National Bank lifted its holdings in shares of A. O. Smith by 19.8% during the third quarter. Huntington National Bank now owns 812 shares of the industrial products company's stock worth $73,000 after buying an additional 134 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of A. O. Smith in the third quarter valued at about $82,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AOS. Stifel Nicolaus dropped their price objective on shares of A. O. Smith from $90.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, January 31st. UBS Group dropped 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. StockNews.com raised A. O. Smith from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Oppenheimer lowered their price objective on A. O. Smith from $88.00 to $84.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a report on Friday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, A. O. Smith currently has an average rating of "Hold" and an average price target of $80.86.

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A. O. Smith Price Performance

NYSE AOS traded down $2.48 on Tuesday, hitting $67.13. 1,965,998 shares of the company's stock were exchanged, compared to its average volume of 1,449,591. A. O. Smith Co. has a 52 week low of $64.55 and a 52 week high of $92.44. The stock has a 50-day moving average of $67.96 and a 200-day moving average of $74.18. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.46 and a beta of 1.18.

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

A. O. Smith Announces Dividend

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

Insider Buying and Selling

In other A. O. Smith news, SVP Douglas Samuel Karge sold 419 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $65.65, for a total value of $27,507.35. Following the completion of the transaction, the senior vice president now owns 2,749 shares of the company's stock, valued at $180,471.85. This represents a 13.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert J. Heideman sold 1,026 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $65.65, for a total value of $67,356.90. Following the transaction, the vice president now owns 8,889 shares of the company's stock, valued at $583,562.85. This trade represents a 10.35 % 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 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.