Envestnet Asset Management Inc. Sells 9,474 Shares of A. O. Smith Co. (NYSE:AOS)

Envestnet Asset Management Inc. lowered its holdings in A. O. Smith Co. (NYSE:AOS - Free Report) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,673 shares of the industrial products company's stock after selling 9,474 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of A. O. Smith worth $15,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AOS. Greenleaf Trust increased its holdings in shares of A. O. Smith by 3.3% in the fourth quarter. Greenleaf Trust now owns 5,873 shares of the industrial products company's stock valued at $401,000 after buying an additional 188 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of A. O. Smith by 0.7% in the 4th quarter. Arizona State Retirement System now owns 34,838 shares of the industrial products company's stock worth $2,376,000 after acquiring an additional 234 shares during the last quarter. M&T Bank Corp raised its position in shares of A. O. Smith by 3.9% during the third quarter. M&T Bank Corp now owns 6,785 shares of the industrial products company's stock worth $609,000 after purchasing an additional 253 shares during the period. Advisory Alpha LLC lifted its holdings in shares of A. O. Smith by 8.6% during the fourth quarter. Advisory Alpha LLC now owns 3,454 shares of the industrial products company's stock valued at $236,000 after purchasing an additional 274 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its position in shares of A. O. Smith by 3.3% in the 4th quarter. United Asset Strategies Inc. now owns 9,198 shares of the industrial products company's stock valued at $627,000 after purchasing an additional 293 shares during the period. 76.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AOS has been the subject of several recent analyst reports. UBS Group decreased their target price on shares of A. O. Smith from $80.00 to $74.00 and set a "neutral" rating for the company in a report on Friday, January 31st. StockNews.com raised A. O. Smith from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Oppenheimer lowered their target price on shares of A. O. Smith from $88.00 to $84.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus decreased their target price on A. O. Smith from $84.00 to $75.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $76.50.

Insider Transactions at A. O. Smith

In other A. O. Smith news, SVP Douglas Samuel Karge sold 419 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $65.65, for a total value 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. This trade represents a 13.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Heideman sold 1,026 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $65.65, for a total transaction of $67,356.90. Following the transaction, the vice president now owns 8,889 shares in the company, valued at $583,562.85. The trade was a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

A. O. Smith Stock Performance

AOS stock traded up $0.23 on Friday, reaching $63.09. 1,376,024 shares of the company were exchanged, compared to its average volume of 1,123,381. 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 Co. has a 12 month low of $58.83 and a 12 month high of $92.45. The stock's fifty day moving average price is $65.55 and its 200 day moving average price is $70.80. The firm has a market capitalization of $9.08 billion, a PE ratio of 17.38, a PEG ratio of 1.46 and a beta of 1.26.

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 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, research analysts anticipate that A. O. Smith Co. will post 3.76 EPS for the current fiscal year.

A. O. Smith Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, April 30th. A. O. Smith's dividend payout ratio is currently 37.47%.

A. O. Smith Company 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.