Rockefeller Capital Management L.P. Reduces Holdings in AAON, Inc. (NASDAQ:AAON)

Rockefeller Capital Management L.P. reduced its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 17.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 411,720 shares of the construction company's stock after selling 87,478 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.51% of AAON worth $44,388,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Conestoga Capital Advisors LLC boosted its position in shares of AAON by 1.9% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company's stock worth $229,180,000 after purchasing an additional 39,059 shares in the last quarter. FMR LLC boosted its position in shares of AAON by 9.6% during the 3rd quarter. FMR LLC now owns 1,729,498 shares of the construction company's stock worth $186,509,000 after purchasing an additional 151,540 shares in the last quarter. Geneva Capital Management LLC boosted its position in shares of AAON by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company's stock worth $183,135,000 after purchasing an additional 24,384 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of AAON by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company's stock worth $136,857,000 after purchasing an additional 24,095 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of AAON by 12.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,225,600 shares of the construction company's stock worth $132,169,000 after purchasing an additional 136,530 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Casey Kidwell sold 4,796 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the sale, the vice president now owns 4,953 shares of the company's stock, valued at approximately $675,490.14. This represents a 49.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stephen E. Wakefield sold 5,750 shares of AAON stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.86, for a total transaction of $804,195.00. Following the transaction, the vice president now directly owns 9,920 shares in the company, valued at approximately $1,387,411.20. This trade represents a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,967 shares of company stock valued at $6,271,357 in the last 90 days. 18.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of AAON from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Baird R W upgraded shares of AAON from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 28th. Robert W. Baird boosted their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Sidoti lowered shares of AAON from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, DA Davidson boosted their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $133.00.

AAON Trading Up 0.3 %

NASDAQ:AAON traded up $0.39 on Friday, reaching $136.34. The stock had a trading volume of 170,046 shares, compared to its average volume of 598,142. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 60.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The firm's fifty day moving average is $118.73 and its two-hundred day moving average is $96.82. AAON, Inc. has a 12-month low of $61.09 and a 12-month high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last released its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The company had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. Equities analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, November 29th. AAON's dividend payout ratio is currently 14.10%.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.