Charles Schwab Investment Management Inc. Purchases 12,305 Shares of A. O. Smith Co. (NYSE:AOS)

Charles Schwab Investment Management Inc. increased its stake in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,231,084 shares of the industrial products company's stock after buying an additional 12,305 shares during the period. Charles Schwab Investment Management Inc. owned 0.85% of A. O. Smith worth $83,972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in A. O. Smith in the third quarter valued at approximately $43,000. Truvestments Capital LLC bought a new stake in A. O. Smith in the third quarter valued at approximately $55,000. 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 purchasing an additional 134 shares in the last quarter. Ridgewood Investments LLC bought a new stake in shares of A. O. Smith in the fourth quarter worth about $60,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of A. O. Smith during the third quarter worth about $82,000. Institutional investors and hedge funds own 76.10% of the company's stock.

Insider Buying and Selling

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

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A. O. Smith Stock Performance

NYSE AOS traded down $2.48 on Tuesday, hitting $67.13. 1,965,998 shares of the stock were exchanged, compared to its average volume of 1,449,591. The company has a market capitalization of $9.66 billion, a PE ratio of 18.49, a P/E/G ratio of 1.46 and a beta of 1.18. The business's fifty day moving average is $67.96 and its 200 day moving average is $74.18. A. O. Smith Co. has a 52 week low of $64.55 and a 52 week high of $92.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 0.96.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share 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%. Research analysts anticipate that A. O. Smith Co. will post 3.76 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Friday, January 31st. A. O. Smith's dividend payout ratio is 37.47%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AOS shares. Stifel Nicolaus lowered their target price 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. Oppenheimer dropped their price target on 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. 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 report on Monday, January 13th. Weiss Ratings restated a "hold (c)" rating on shares of A. O. Smith in a research note on Friday. Finally, UBS Group decreased their price target on shares of 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $80.86.

A. O. Smith Profile

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.