A. O. Smith Co. (NYSE:AOS) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 599.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,238 shares of the industrial products company's stock after buying an additional 56,771 shares during the period. Quantbot Technologies LP's holdings in A. O. Smith were worth $4,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AOS. Axxcess Wealth Management LLC purchased a new stake in shares of A. O. Smith during the 3rd quarter worth approximately $209,000. Sumitomo Mitsui Trust Group Inc. boosted its position in A. O. Smith by 4.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 286,735 shares of the industrial products company's stock worth $25,757,000 after purchasing an additional 13,010 shares in the last quarter. Victory Capital Management Inc. boosted its position in A. O. Smith by 0.7% during the third quarter. Victory Capital Management Inc. now owns 98,594 shares of the industrial products company's stock worth $8,857,000 after purchasing an additional 684 shares in the last quarter. Huntington National Bank increased its position 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 valued at $73,000 after buying an additional 134 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in shares of A. O. Smith by 6.3% in the third quarter. Metis Global Partners LLC now owns 6,403 shares of the industrial products company's stock valued at $575,000 after buying an additional 377 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

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A. O. Smith Trading Down 0.1 %

Shares of NYSE:AOS traded down $0.05 during midday trading on Wednesday, reaching $67.61. The company's stock had a trading volume of 1,217,810 shares, compared to its average volume of 1,013,432. The business has a 50 day moving average price of $67.80 and a 200 day moving average price of $73.63. A. O. Smith Co. has a 1 year low of $64.55 and a 1 year high of $92.45. The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.10.

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 EPS 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%. Research analysts forecast that A. O. Smith Co. will post 3.76 EPS for the current year.

A. O. Smith Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.01%. A. O. Smith's payout ratio is 37.47%.

Analyst Ratings Changes

AOS has been the topic of a number of research reports. Oppenheimer lowered their price objective on shares of 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. UBS Group lowered their price target on shares of A. O. Smith from $80.00 to $74.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. 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 report on Friday, March 7th. Finally, Stifel Nicolaus cut their price target on A. O. Smith from $90.00 to $84.00 and set a "buy" rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, A. O. Smith presently has an average rating of "Hold" and a consensus target price of $80.86.

Insider Buying and Selling

In related news, SVP Douglas Samuel Karge sold 419 shares of the firm's stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert J. Heideman sold 1,026 shares of the business'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 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 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

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.