25,443 Shares in A. O. Smith Co. (NYSE:AOS) Bought by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in shares of A. O. Smith Co. (NYSE:AOS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,443 shares of the industrial products company's stock, valued at approximately $1,735,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Huntington National Bank boosted its position 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 during the period. OneDigital Investment Advisors LLC boosted its position in shares of A. O. Smith by 5.1% during the third quarter. OneDigital Investment Advisors LLC now owns 3,240 shares of the industrial products company's stock worth $291,000 after buying an additional 156 shares during the period. Glenmede Trust Co. NA boosted its position in shares of A. O. Smith by 4.3% during the third 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 period. Claro Advisors LLC boosted its position in shares of A. O. Smith by 2.2% during the third quarter. Claro Advisors LLC now owns 7,967 shares of the industrial products company's stock worth $716,000 after buying an additional 168 shares during the period. Finally, Greenleaf Trust boosted its position in shares of A. O. Smith by 3.3% during the fourth quarter. Greenleaf Trust now owns 5,873 shares of the industrial products company's stock worth $401,000 after buying an additional 188 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

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A. O. Smith Price Performance

Shares of NYSE AOS traded up $1.22 during trading on Friday, hitting $69.45. The company had a trading volume of 1,389,433 shares, compared to its average volume of 1,436,910. The company has a market cap of $10.00 billion, a P/E ratio of 19.13, a PEG ratio of 1.46 and a beta of 1.18. A. O. Smith Co. has a 52 week low of $64.55 and a 52 week high of $92.44. The business's 50-day moving average is $67.95 and its 200 day moving average is $74.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 1.55.

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

A. O. Smith Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, January 31st. A. O. Smith's payout ratio is 37.47%.

Insiders Place Their Bets

In other A. O. Smith news, SVP Douglas Samuel Karge sold 419 shares of A. O. Smith stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $65.65, for a total transaction of $27,507.35. Following the transaction, the senior vice president now directly owns 2,749 shares in the company, valued at approximately $180,471.85. The trade was a 13.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Heideman sold 1,026 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $65.65, for a total transaction of $67,356.90. Following the transaction, the vice president now owns 8,889 shares in the company, valued at approximately $583,562.85. This represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

Analyst Upgrades and Downgrades

AOS has been the topic of several recent analyst reports. Citigroup dropped their target price on A. O. Smith from $78.00 to $73.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. UBS Group dropped their target price on A. O. Smith from $80.00 to $74.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. StockNews.com raised A. O. Smith from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a report on Friday. Finally, Oppenheimer dropped their target price on A. O. Smith from $88.00 to $84.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $80.86.

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.