Blueshift Asset Management LLC bought a new stake in A. O. Smith Co. (NYSE:AOS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,632 shares of the industrial products company's stock, valued at approximately $521,000.
Other large investors have also recently made changes to their positions in the company. State Street Corp increased its position in A. O. Smith by 4.0% during the third quarter. State Street Corp now owns 7,721,581 shares of the industrial products company's stock worth $693,630,000 after buying an additional 299,766 shares during the period. Geode Capital Management LLC grew its position in shares of A. O. Smith by 1.5% during the third quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company's stock worth $321,348,000 after acquiring an additional 52,593 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of A. O. Smith by 3.9% in the 3rd quarter. Fisher Asset Management LLC now owns 2,302,659 shares of the industrial products company's stock valued at $206,848,000 after acquiring an additional 87,458 shares during the period. KBC Group NV raised its position in A. O. Smith by 40.1% in the 4th quarter. KBC Group NV now owns 1,648,825 shares of the industrial products company's stock valued at $112,467,000 after purchasing an additional 471,990 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in A. O. Smith by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,231,084 shares of the industrial products company's stock worth $83,972,000 after purchasing an additional 12,305 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have commented on AOS shares. Weiss Ratings restated a "hold (c)" rating on shares of A. O. Smith in a research note on Saturday. StockNews.com upgraded A. O. Smith from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Citigroup reduced their price objective on A. O. Smith from $78.00 to $73.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. UBS Group lowered their target price on A. O. Smith from $80.00 to $74.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Stifel Nicolaus cut their price target on 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $80.86.
Get Our Latest Analysis on A. O. Smith
A. O. Smith Price Performance
NYSE:AOS traded up $0.39 during trading hours on Tuesday, hitting $66.76. The company's stock had a trading volume of 1,036,304 shares, compared to its average volume of 1,026,141. A. O. Smith Co. has a 52-week low of $64.55 and a 52-week high of $92.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 1.55. The business's 50-day moving average is $67.67 and its two-hundred day moving average is $73.23. The company has a market capitalization of $9.61 billion, a PE ratio of 18.39, a PEG ratio of 1.46 and a beta of 1.18.
A. O. Smith (NYSE:AOS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.05). A. O. Smith had a net margin of 13.98% and a return on equity of 28.87%. As a group, research analysts anticipate that A. O. Smith Co. will post 3.76 EPS for the current fiscal year.
A. O. Smith Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.04%. A. O. Smith's payout ratio is 37.47%.
Insider Buying and Selling
In other news, VP Robert J. Heideman sold 1,026 shares of the firm'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 transaction of $67,356.90. Following the completion of the transaction, the vice president now directly owns 8,889 shares of the company's stock, valued at $583,562.85. This trade represents a 10.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Douglas Samuel Karge sold 419 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 value of $27,507.35. Following the completion of the transaction, the senior vice president now directly owns 2,749 shares of the company's stock, valued at approximately $180,471.85. This trade represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.
A. O. Smith Company Profile
(
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.
Featured Articles
Before you consider A. O. Smith, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and A. O. Smith wasn't on the list.
While A. O. Smith currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
