B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in A. O. Smith Co. (NYSE:AOS - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,745 shares of the industrial products company's stock, valued at approximately $1,684,000.
Other institutional investors have also made changes to their positions in the company. EP Wealth Advisors LLC bought a new position in A. O. Smith in the 1st quarter valued at about $245,000. Toronto Dominion Bank lifted its stake in A. O. Smith by 1.8% during the first quarter. Toronto Dominion Bank now owns 69,314 shares of the industrial products company's stock worth $6,201,000 after purchasing an additional 1,208 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of A. O. Smith by 398.4% in the 1st quarter. Lazard Asset Management LLC now owns 2,417 shares of the industrial products company's stock valued at $216,000 after purchasing an additional 1,932 shares in the last quarter. Earnest Partners LLC increased its stake in shares of A. O. Smith by 5.7% in the 1st quarter. Earnest Partners LLC now owns 1,973,942 shares of the industrial products company's stock valued at $176,589,000 after purchasing an additional 106,329 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of A. O. Smith during the 1st quarter worth $1,431,000. 76.10% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on AOS shares. Robert W. Baird decreased their target price on A. O. Smith from $82.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. StockNews.com raised shares of A. O. Smith from a "hold" rating to a "buy" rating in a report on Wednesday. UBS Group upgraded shares of A. O. Smith from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $75.00 to $80.00 in a research report on Wednesday, October 23rd. DA Davidson lowered shares of A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 target price on the stock. in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus lowered their price target on shares of A. O. Smith from $92.00 to $91.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, A. O. Smith presently has a consensus rating of "Hold" and a consensus price target of $86.71.
Get Our Latest Research Report on AOS
A. O. Smith Trading Up 0.6 %
Shares of NYSE AOS traded up $0.47 during midday trading on Friday, reaching $73.44. The stock had a trading volume of 716,572 shares, compared to its average volume of 1,045,790. A. O. Smith Co. has a twelve month low of $70.73 and a twelve month high of $92.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67. The company's 50 day moving average price is $79.94 and its 200 day moving average price is $81.82. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.93 and a beta of 1.17.
A. O. Smith (NYSE:AOS - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The business had revenue of $957.80 million for the quarter, compared to analyst estimates of $960.36 million. During the same period in the prior year, the firm earned $0.90 earnings per share. As a group, sell-side analysts expect that A. O. Smith Co. will post 3.78 EPS for the current year.
A. O. Smith Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, October 31st. This is a boost from A. O. Smith's previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 1.85%. A. O. Smith's payout ratio is 35.79%.
About A. O. Smith
(
Free Report)
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.
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