Boston Financial Mangement LLC lowered its position in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 481,513 shares of the industrial products company's stock after selling 38,781 shares during the quarter. A. O. Smith makes up approximately 1.0% of Boston Financial Mangement LLC's holdings, making the stock its 29th biggest holding. Boston Financial Mangement LLC owned approximately 0.33% of A. O. Smith worth $32,844,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in A. O. Smith by 124.5% in the 4th quarter. Private Advisor Group LLC now owns 6,694 shares of the industrial products company's stock valued at $457,000 after purchasing an additional 3,712 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of A. O. Smith by 9.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,691 shares of the industrial products company's stock valued at $320,000 after buying an additional 410 shares in the last quarter. D.A. Davidson & CO. lifted its position in A. O. Smith by 6.7% during the 4th quarter. D.A. Davidson & CO. now owns 10,419 shares of the industrial products company's stock worth $711,000 after buying an additional 654 shares in the last quarter. CIBC Asset Management Inc grew its holdings in A. O. Smith by 684.3% during the 4th quarter. CIBC Asset Management Inc now owns 138,991 shares of the industrial products company's stock worth $9,462,000 after acquiring an additional 121,270 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in A. O. Smith by 3.2% in the 4th quarter. Sanctuary Advisors LLC now owns 18,966 shares of the industrial products company's stock valued at $1,277,000 after acquiring an additional 596 shares in the last quarter. 76.10% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of A. O. Smith from $78.00 to $73.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Oppenheimer reduced their price objective on shares of 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. StockNews.com upgraded shares of A. O. Smith from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Weiss Ratings restated a "hold (c)" rating on shares of A. O. Smith in a research report on Wednesday. Finally, UBS Group decreased their price objective on A. O. Smith from $80.00 to $74.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $80.86.
Read Our Latest Stock Analysis on A. O. Smith
Insider Transactions at A. O. Smith
In other 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 transaction 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 $180,471.85. This represents a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert J. Heideman sold 1,026 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 value of $67,356.90. Following the completion of the sale, the vice president now directly owns 8,889 shares in the company, valued at approximately $583,562.85. This represents a 10.35 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.
A. O. Smith Trading Down 1.2 %
A. O. Smith stock traded down $0.81 during mid-day trading on Friday, hitting $65.99. 1,097,764 shares of the company's stock were exchanged, compared to its average volume of 1,468,661. A. O. Smith Co. has a fifty-two week low of $64.55 and a fifty-two week high of $92.44. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $9.57 billion, a P/E ratio of 18.18, a PEG ratio of 1.49 and a beta of 1.17. The company's 50 day simple moving average is $68.44 and its 200-day simple moving average is $75.40.
A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.05). A. O. Smith had a return on equity of 28.87% and a net margin of 13.98%. On average, equities analysts anticipate that A. O. Smith Co. will post 3.77 earnings per share for the current 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 issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, January 31st. A. O. Smith's dividend payout ratio (DPR) is presently 37.47%.
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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