Chevy Chase Trust Holdings LLC Has $9.59 Million Stock Holdings in A. O. Smith Co. (NYSE:AOS)

Chevy Chase Trust Holdings LLC lifted its stake in A. O. Smith Co. (NYSE:AOS - Free Report) by 17.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,763 shares of the industrial products company's stock after purchasing an additional 15,824 shares during the period. Chevy Chase Trust Holdings LLC owned 0.07% of A. O. Smith worth $9,591,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sarasin & Partners LLP acquired a new stake in shares of A. O. Smith during the 3rd quarter worth approximately $78,766,000. Select Equity Group L.P. boosted its stake in A. O. Smith by 11.6% in the second quarter. Select Equity Group L.P. now owns 3,852,467 shares of the industrial products company's stock valued at $315,055,000 after acquiring an additional 400,304 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in A. O. Smith by 92.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 761,410 shares of the industrial products company's stock worth $68,397,000 after acquiring an additional 365,710 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of A. O. Smith during the 3rd quarter valued at $24,060,000. Finally, Distillate Capital Partners LLC lifted its stake in shares of A. O. Smith by 100,431.5% in the 2nd quarter. Distillate Capital Partners LLC now owns 162,861 shares of the industrial products company's stock valued at $13,319,000 after purchasing an additional 162,699 shares during the period. Institutional investors own 76.10% of the company's stock.

A. O. Smith Stock Up 0.4 %

AOS traded up $0.29 during trading on Friday, hitting $72.61. The company had a trading volume of 1,066,626 shares, compared to its average volume of 967,856. The company has a market capitalization of $10.53 billion, a PE ratio of 19.06, a PEG ratio of 1.96 and a beta of 1.16. 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 one year low of $70.73 and a one year high of $92.44. The firm's 50-day moving average price is $78.09 and its 200 day moving average price is $81.10.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting analysts' consensus estimates of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The company had revenue of $957.80 million for the quarter, compared to analyst estimates of $960.36 million. During the same period in the previous year, the company posted $0.90 earnings per share. As a group, 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 announced 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. This is a boost from A. O. Smith's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.36 annualized dividend and a yield of 1.87%. A. O. Smith's dividend payout ratio is presently 35.79%.

Wall Street Analysts Forecast Growth

AOS has been the topic of a number of recent analyst reports. DA Davidson cut A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 target price on the stock. in a report on Wednesday, October 23rd. Stifel Nicolaus reduced their price objective on shares of A. O. Smith from $92.00 to $91.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. StockNews.com raised shares of A. O. Smith from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. UBS Group raised shares of A. O. Smith from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Finally, Robert W. Baird lowered their price objective on shares of A. O. Smith from $82.00 to $81.00 and set a "neutral" rating for the company in a research report 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $86.71.

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.