Paradoxiom Capital L.P. Buys Shares of 75,701 A. O. Smith Co. (NYSE:AOS)

Paradoxiom Capital L.P. acquired a new stake in A. O. Smith Co. (NYSE:AOS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 75,701 shares of the industrial products company's stock, valued at approximately $5,164,000. A. O. Smith accounts for about 2.1% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its 29th biggest holding. Paradoxiom Capital L.P. owned 0.05% of A. O. Smith at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AOS. Norges Bank acquired a new stake in A. O. Smith during the fourth quarter worth approximately $96,180,000. Invesco Ltd. boosted its position in shares of A. O. Smith by 26.8% during the 4th quarter. Invesco Ltd. now owns 4,704,295 shares of the industrial products company's stock worth $320,880,000 after purchasing an additional 995,043 shares in the last quarter. KBC Group NV boosted its position in shares of A. O. Smith by 40.1% in the 4th quarter. KBC Group NV now owns 1,648,825 shares of the industrial products company's stock worth $112,467,000 after buying an additional 471,990 shares in the last quarter. First Trust Advisors LP raised its stake in A. O. Smith by 19.0% in the 4th quarter. First Trust Advisors LP now owns 2,618,191 shares of the industrial products company's stock valued at $178,587,000 after purchasing an additional 417,595 shares during the last quarter. Finally, Millennium Management LLC raised its stake in A. O. Smith by 133.0% in the 4th quarter. Millennium Management LLC now owns 547,410 shares of the industrial products company's stock valued at $37,339,000 after purchasing an additional 312,492 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company's stock.

A. O. Smith Stock Performance

Shares of AOS stock traded up $0.05 on Monday, hitting $70.57. 348,748 shares of the stock traded hands, compared to its average volume of 1,457,475. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 0.96. The company has a market capitalization of $10.03 billion, a PE ratio of 19.44, a PEG ratio of 1.46 and a beta of 1.28. A. O. Smith Co. has a 1-year low of $58.83 and a 1-year high of $92.44. The company's fifty day moving average is $65.68 and its 200 day moving average is $68.51.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. A. O. Smith had a return on equity of 28.87% and a net margin of 13.98%. The company had revenue of $963.90 million for the quarter, compared to analyst estimates of $950.56 million. During the same period last year, the company earned $1.00 earnings per share. The company's quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that A. O. Smith Co. will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.93%. The ex-dividend date was Wednesday, April 30th. A. O. Smith's dividend payout ratio is currently 37.99%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Robert W. Baird boosted their target price on A. O. Smith from $75.00 to $76.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Citigroup decreased their price target on A. O. Smith from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, April 14th. StockNews.com upgraded A. O. Smith from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Oppenheimer decreased their price target on A. O. Smith from $88.00 to $84.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Finally, Weiss Ratings restated a "hold (c)" rating on shares of A. O. Smith in a report on Saturday, May 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $76.17.

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.