Boston Financial Mangement LLC Has $46.74 Million Holdings in A. O. Smith Co. (NYSE:AOS)

Boston Financial Mangement LLC decreased its position in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 520,294 shares of the industrial products company's stock after selling 21,318 shares during the period. A. O. Smith comprises approximately 1.4% of Boston Financial Mangement LLC's holdings, making the stock its 16th biggest holding. Boston Financial Mangement LLC owned about 0.35% of A. O. Smith worth $46,738,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in A. O. Smith in the second quarter valued at $25,000. Isthmus Partners LLC bought a new position in shares of A. O. Smith during the second quarter worth about $27,000. Quarry LP grew its stake in A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company's stock worth $29,000 after purchasing an additional 245 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in A. O. Smith in the third quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC acquired a new stake in A. O. Smith during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 76.10% of the company's stock.

A. O. Smith Stock Performance

AOS stock traded down $0.62 on Tuesday, reaching $76.38. The company's stock had a trading volume of 877,306 shares, compared to its average volume of 962,688. A. O. Smith Co. has a 52 week low of $67.96 and a 52 week high of $92.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02. The company has a market capitalization of $11.20 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. The firm has a fifty day moving average of $82.40 and a two-hundred day moving average of $83.26.

A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. The company had revenue of $957.80 million during the quarter, compared to analysts' expectations of $960.36 million. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. During the same quarter in the prior year, the business posted $0.90 earnings per share. As a group, analysts predict that A. O. Smith Co. will post 3.78 EPS for the current fiscal year.

A. O. Smith Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.34 dividend. This is a positive change from A. O. Smith's previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.36 annualized dividend and a yield of 1.78%. A. O. Smith's payout ratio is 35.23%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. DA Davidson downgraded A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 price target for the company. in a report on Wednesday, October 23rd. StockNews.com downgraded shares of A. O. Smith from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group raised shares of A. O. Smith from a "sell" rating to a "neutral" rating and lifted their price target for the company from $75.00 to $80.00 in a report on Wednesday, October 23rd. Robert W. Baird decreased their target price on A. O. Smith from $82.00 to $81.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus lowered their target price on A. O. Smith from $92.00 to $91.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, A. O. Smith has a consensus rating of "Hold" and an average target price of $86.71.

Insider Activity

In other news, SVP Samuel M. Carver sold 14,705 shares of the business's stock in a transaction 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 sale, the senior vice president now directly owns 2,399 shares of the company's stock, valued at $194,319. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.70% of the company's stock.

About A. O. Smith

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.