Regents Gate Capital LLP bought a new stake in A. O. Smith Co. (NYSE:AOS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 146,499 shares of the industrial products company's stock, valued at approximately $9,993,000. A. O. Smith comprises 4.0% of Regents Gate Capital LLP's investment portfolio, making the stock its 9th largest position. Regents Gate Capital LLP owned about 0.10% of A. O. Smith as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of AOS. Truist Financial Corp lifted its stake in A. O. Smith by 1.4% in the 2nd quarter. Truist Financial Corp now owns 13,844 shares of the industrial products company's stock valued at $1,132,000 after purchasing an additional 193 shares during the last quarter. Cetera Investment Advisers lifted its position in A. O. Smith by 2.6% during the second quarter. Cetera Investment Advisers now owns 25,904 shares of the industrial products company's stock worth $2,119,000 after acquiring an additional 649 shares during the last quarter. Czech National Bank lifted its position in A. O. Smith by 6.2% during the third quarter. Czech National Bank now owns 24,436 shares of the industrial products company's stock worth $2,195,000 after acquiring an additional 1,419 shares during the last quarter. UMB Bank n.a. lifted its position in A. O. Smith by 12.5% during the third quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company's stock worth $110,000 after acquiring an additional 136 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in A. O. Smith by 30.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 17,400 shares of the industrial products company's stock worth $1,563,000 after acquiring an additional 4,100 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at A. O. Smith
In related news, VP Robert J. Heideman sold 1,026 shares of A. O. Smith 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 $67,356.90. Following the transaction, the vice president now directly owns 8,889 shares of the company's stock, valued at $583,562.85. This trade represents a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $27,507.35. Following the completion of the sale, the senior vice president now owns 2,749 shares in the company, valued at $180,471.85. This represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.
A. O. Smith Stock Performance
Shares of AOS traded up $0.79 during mid-day trading on Thursday, hitting $66.04. 1,350,156 shares of the company's stock were exchanged, compared to its average volume of 1,445,378. A. O. Smith Co. has a 52 week low of $64.55 and a 52 week high of $92.44. The stock's 50-day simple moving average is $69.22 and its 200-day simple moving average is $76.11. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.17. 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 announced its 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 return on equity of 28.87% and a net margin of 13.98%. On average, equities research analysts expect that A. O. Smith Co. will post 3.77 EPS for the current year.
A. O. Smith Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be paid a $0.34 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.36 dividend on an annualized basis and a yield of 2.06%. A. O. Smith's dividend payout ratio (DPR) is 37.47%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on AOS. UBS Group cut their price objective on shares of A. O. Smith from $80.00 to $74.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Citigroup cut their price objective on shares of A. O. Smith from $78.00 to $73.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Stifel Nicolaus cut their price objective on shares of A. O. Smith from $90.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, January 31st. DA Davidson downgraded shares of A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 price objective for the company. in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded shares of A. O. Smith from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $80.86.
Get Our Latest Stock Analysis on AOS
About A. O. Smith
(
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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