Jump Financial LLC lifted its holdings in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 2,615.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,833 shares of the industrial products company's stock after purchasing an additional 67,261 shares during the quarter. Jump Financial LLC's holdings in A. O. Smith were worth $4,763,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Greenleaf Trust increased its stake in shares of A. O. Smith by 3.3% in the 4th quarter. Greenleaf Trust now owns 5,873 shares of the industrial products company's stock valued at $401,000 after acquiring an additional 188 shares in the last quarter. Arizona State Retirement System grew its holdings in A. O. Smith by 0.7% during the fourth quarter. Arizona State Retirement System now owns 34,838 shares of the industrial products company's stock worth $2,376,000 after buying an additional 234 shares in the last quarter. M&T Bank Corp grew its stake in shares of A. O. Smith by 3.9% in the 3rd quarter. M&T Bank Corp now owns 6,785 shares of the industrial products company's stock worth $609,000 after acquiring an additional 253 shares in the last quarter. Advisory Alpha LLC lifted its position 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 in the last quarter. Finally, United Asset Strategies Inc. boosted its stake 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 worth $627,000 after buying an additional 293 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on AOS. Stifel Nicolaus decreased their price target on shares of A. O. Smith from $84.00 to $75.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Citigroup decreased their price objective on A. O. Smith from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Oppenheimer decreased 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. Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a research note on Tuesday, April 8th. Finally, UBS Group lowered 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 report on Friday, January 31st. Four 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, A. O. Smith has an average rating of "Hold" and a consensus target price of $76.50.
Read Our Latest Research Report on AOS
A. O. Smith Stock Up 2.1 %
Shares of NYSE:AOS traded up $1.31 during midday trading on Tuesday, reaching $63.02. The company's stock had a trading volume of 268,198 shares, compared to its average volume of 1,120,603. A. O. Smith Co. has a 12-month low of $58.83 and a 12-month high of $92.45. 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 50 day moving average of $65.43 and a 200-day moving average of $70.20. The firm has a market capitalization of $9.07 billion, a P/E ratio of 17.37, a PEG ratio of 1.46 and a beta of 1.26.
A. O. Smith (NYSE:AOS - Get Free Report) last posted its quarterly earnings results 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 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 earnings per share for the current year.
A. O. Smith Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.34 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.36 annualized dividend and a yield of 2.16%. A. O. Smith's dividend payout ratio is 37.47%.
Insiders Place Their Bets
In related news, 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 value of $67,356.90. Following the sale, the vice president now owns 8,889 shares of the company's stock, valued at approximately $583,562.85. This represents a 10.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Douglas Samuel Karge sold 419 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $65.65, for a total value of $27,507.35. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.
A. O. Smith Profile
(
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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