Patten & Patten Inc. TN trimmed its position in A. O. Smith Co. (NYSE:AOS - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,426 shares of the industrial products company's stock after selling 10,889 shares during the quarter. Patten & Patten Inc. TN owned about 0.13% of A. O. Smith worth $12,989,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Huntington National Bank boosted its stake in shares of A. O. Smith by 19.8% in the third quarter. Huntington National Bank now owns 812 shares of the industrial products company's stock worth $73,000 after acquiring an additional 134 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of A. O. Smith by 5.1% in the third quarter. OneDigital Investment Advisors LLC now owns 3,240 shares of the industrial products company's stock worth $291,000 after acquiring an additional 156 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of A. O. Smith by 4.3% in the third quarter. Glenmede Trust Co. NA now owns 3,992 shares of the industrial products company's stock worth $359,000 after acquiring an additional 163 shares during the last quarter. Claro Advisors LLC boosted its stake in shares of A. O. Smith by 2.2% in the third quarter. Claro Advisors LLC now owns 7,967 shares of the industrial products company's stock worth $716,000 after acquiring an additional 168 shares during the last quarter. Finally, Greenleaf Trust boosted its stake 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 worth $401,000 after acquiring an additional 188 shares during the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at A. O. Smith
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 in the company, valued at $583,562.85. This represents a 10.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Douglas Samuel Karge sold 419 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $65.65, for a total value of $27,507.35. Following 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 disclosure for this sale can be found here. Company insiders own 0.76% of the company's stock.
A. O. Smith Stock Down 1.2 %
Shares of NYSE:AOS traded down $0.84 on Thursday, hitting $66.76. 1,101,811 shares of the company's stock were exchanged, compared to its average volume of 1,014,248. A. O. Smith Co. has a 1-year low of $64.55 and a 1-year high of $92.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 1.55. The company has a market capitalization of $9.61 billion, a PE ratio of 18.39, a P/E/G ratio of 1.46 and a beta of 1.18. The firm's 50-day moving average is $67.78 and its 200 day moving average is $73.59.
A. O. Smith (NYSE:AOS - Get Free Report) last posted its 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 net margin of 13.98% and a return on equity of 28.87%. Sell-side analysts predict that A. O. Smith Co. will post 3.76 EPS for the current year.
A. O. Smith Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Friday, January 31st. A. O. Smith's dividend payout ratio (DPR) is 37.47%.
Analyst Upgrades and Downgrades
AOS has been the topic of a number of research analyst reports. UBS Group lowered their price target on A. O. Smith from $80.00 to $74.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Citigroup lowered their price target on A. O. Smith from $78.00 to $73.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. StockNews.com upgraded A. O. Smith from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of A. O. Smith in a research report on Friday, March 7th. Finally, Oppenheimer reduced their price objective on 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $80.86.
Get Our Latest Report on AOS
A. O. Smith Company Profile
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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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