Deutsche Bank AG Has $50.35 Million Stake in A. O. Smith Co. (NYSE:AOS)

Deutsche Bank AG raised its holdings in A. O. Smith Co. (NYSE:AOS - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 738,103 shares of the industrial products company's stock after acquiring an additional 132,923 shares during the period. Deutsche Bank AG owned about 0.51% of A. O. Smith worth $50,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AOS. New Age Alpha Advisors LLC bought a new stake in shares of A. O. Smith during the fourth quarter worth about $66,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of A. O. Smith during the fourth quarter worth about $84,000. Signaturefd LLC grew its holdings in shares of A. O. Smith by 40.0% during the fourth quarter. Signaturefd LLC now owns 1,299 shares of the industrial products company's stock worth $89,000 after purchasing an additional 371 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of A. O. Smith in the fourth quarter worth approximately $123,000. Finally, Mutual Advisors LLC acquired a new position in shares of A. O. Smith in the fourth quarter worth approximately $209,000. Institutional investors own 76.10% of the company's stock.

A. O. Smith Trading Up 1.6%

AOS traded up $1.09 during trading on Friday, hitting $70.51. The company's stock had a trading volume of 1,536,065 shares, compared to its average volume of 1,164,240. A. O. Smith Co. has a twelve month low of $58.83 and a twelve month high of $92.45. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average price is $65.68 and its 200-day moving average price is $68.51. The firm has a market capitalization of $10.02 billion, a P/E ratio of 19.42, a PEG ratio of 1.46 and a beta of 1.28.

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 earnings per share (EPS) for the quarter, beating 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%. The firm had revenue of $963.90 million for the quarter, compared to analyst estimates of $950.56 million. During the same period in the previous year, the firm earned $1.00 earnings per share. The company's revenue was down 1.5% compared to the same quarter last year. Analysts anticipate that A. O. Smith Co. will post 3.76 EPS for the current year.

A. O. Smith Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, April 30th. A. O. Smith's payout ratio is 37.99%.

Wall Street Analysts Forecast Growth

AOS has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on A. O. Smith from $75.00 to $76.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a research note on Saturday, May 10th. UBS Group cut their price objective 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 cut their price objective on A. O. Smith from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Stifel Nicolaus lifted their price objective on A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently 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.