Distillate Capital Partners LLC increased its stake in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 100,431.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,861 shares of the industrial products company's stock after acquiring an additional 162,699 shares during the period. Distillate Capital Partners LLC owned about 0.11% of A. O. Smith worth $13,319,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in A. O. Smith by 4.0% in the 4th quarter. Fisher Asset Management LLC now owns 1,991,003 shares of the industrial products company's stock worth $164,138,000 after purchasing an additional 75,898 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of A. O. Smith by 5.7% in the 1st quarter. Earnest Partners LLC now owns 1,973,942 shares of the industrial products company's stock valued at $176,589,000 after purchasing an additional 106,329 shares during the period. Sei Investments Co. boosted its holdings in A. O. Smith by 5.0% during the second quarter. Sei Investments Co. now owns 1,393,519 shares of the industrial products company's stock worth $113,962,000 after buying an additional 66,933 shares in the last quarter. Dimensional Fund Advisors LP grew its position in A. O. Smith by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,194,731 shares of the industrial products company's stock valued at $97,708,000 after buying an additional 19,890 shares during the period. Finally, KBC Group NV raised its position in shares of A. O. Smith by 71.2% in the fourth quarter. KBC Group NV now owns 1,173,179 shares of the industrial products company's stock worth $96,716,000 after acquiring an additional 487,742 shares during the period. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at A. O. Smith
In other A. O. Smith news, SVP Samuel M. Carver sold 14,705 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the transaction, the senior vice president now owns 2,399 shares in the company, valued at approximately $194,319. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on AOS shares. Robert W. Baird cut their price target on A. O. Smith from $92.00 to $90.00 and set a "neutral" rating for the company in a research note on Wednesday, July 24th. UBS Group increased their target price on A. O. Smith from $73.00 to $75.00 and gave the company a "sell" rating in a research report on Monday, July 8th. StockNews.com upgraded shares of A. O. Smith from a "hold" rating to a "buy" rating in a research report on Tuesday, August 13th. Finally, Stifel Nicolaus upgraded A. O. Smith from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $97.00 to $98.00 in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, A. O. Smith has an average rating of "Hold" and an average price target of $89.67.
Check Out Our Latest Analysis on A. O. Smith
A. O. Smith Stock Performance
NYSE:AOS opened at $83.99 on Tuesday. The firm has a market capitalization of $12.32 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. A. O. Smith Co. has a 12 month low of $64.14 and a 12 month high of $92.44. The business's fifty day moving average price is $82.20 and its 200 day moving average price is $83.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.07.
A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.01). A. O. Smith had a return on equity of 31.04% and a net margin of 14.67%. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1 billion. During the same period in the previous year, the business posted $1.01 earnings per share. The company's revenue for the quarter was up 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that A. O. Smith Co. will post 4.07 earnings per share for the current fiscal year.
A. O. Smith Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.28 annualized dividend and a yield of 1.52%. A. O. Smith's dividend payout ratio is currently 33.16%.
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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