Brown Brothers Harriman & Co. cut its stake in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,205 shares of the industrial products company's stock after selling 7,699 shares during the period. Brown Brothers Harriman & Co. owned about 0.10% of A. O. Smith worth $13,493,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of AOS. University of Texas Texas AM Investment Management Co. bought a new stake in A. O. Smith in the 2nd quarter worth about $25,000. Isthmus Partners LLC bought a new position in shares of A. O. Smith in the second quarter valued at approximately $27,000. Quarry LP increased its position in shares of A. O. Smith by 214.9% during the second quarter. Quarry LP now owns 359 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 245 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in A. O. Smith during the third quarter worth $32,000. Finally, Wolff Wiese Magana LLC purchased a new position in A. O. Smith in the third quarter worth $37,000. 76.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Stifel Nicolaus decreased their target price on A. O. Smith from $92.00 to $91.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of A. O. Smith from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. UBS Group upgraded shares of A. O. Smith from a "sell" rating to a "neutral" rating and raised their price target for the stock from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price objective on A. O. Smith from $82.00 to $81.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Finally, DA Davidson lowered A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 target price on the stock. in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $86.71.
Read Our Latest Research Report on AOS
A. O. Smith Stock Performance
Shares of NYSE:AOS traded up $1.99 during midday trading on Monday, reaching $75.43. 1,303,066 shares of the company traded hands, compared to its average volume of 972,486. The firm's fifty day moving average price is $79.94 and its two-hundred day moving average price is $81.80. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. A. O. Smith Co. has a 12 month low of $70.73 and a 12 month high of $92.44.
A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting 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 company had revenue of $957.80 million during the quarter, compared to analysts' expectations of $960.36 million. During the same quarter in the previous year, the company earned $0.90 earnings per share. On average, equities analysts expect that A. O. Smith Co. will post 3.78 earnings per share for the current year.
A. O. Smith Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.34 per share. This is a positive change from A. O. Smith's previous quarterly dividend of $0.32. The ex-dividend date was Thursday, October 31st. This represents a $1.36 annualized dividend and a yield of 1.80%. A. O. Smith's dividend payout ratio (DPR) is currently 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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