4,278 Shares in A. O. Smith Corporation (NYSE:AOS) Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. purchased a new position in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,278 shares of the industrial products company's stock, valued at approximately $280,000.

A number of other institutional investors also recently added to or reduced their stakes in AOS. Charles Schwab Investment Management Inc. lifted its position in shares of A. O. Smith by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,231,084 shares of the industrial products company's stock worth $83,972,000 after buying an additional 12,305 shares during the period. Assetmark Inc. raised its stake in A. O. Smith by 7.1% during the fourth quarter. Assetmark Inc. now owns 27,825 shares of the industrial products company's stock worth $1,898,000 after acquiring an additional 1,834 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of A. O. Smith by 124.5% during the fourth quarter. Private Advisor Group LLC now owns 6,694 shares of the industrial products company's stock valued at $457,000 after acquiring an additional 3,712 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of A. O. Smith by 1.8% during the first quarter. State of Alaska Department of Revenue now owns 13,831 shares of the industrial products company's stock valued at $903,000 after acquiring an additional 250 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of A. O. Smith in the 4th quarter valued at $7,015,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AOS shares. JPMorgan Chase & Co. started coverage on A. O. Smith in a report on Tuesday, June 24th. They set a "neutral" rating and a $70.00 target price on the stock. Citigroup decreased their price objective on shares of A. O. Smith from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Weiss Ratings restated a "hold (c)" rating on shares of A. O. Smith in a research report on Friday. Robert W. Baird upped their target price on shares of A. O. Smith from $75.00 to $76.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus raised their price target on shares of A. O. Smith from $75.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $75.29.

A. O. Smith Price Performance

Shares of AOS stock opened at $65.65 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.61 and a debt-to-equity ratio of 0.14. A. O. Smith Corporation has a 12-month low of $58.83 and a 12-month high of $92.45. The firm has a fifty day moving average of $65.96 and a 200-day moving average of $66.70. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21.

A. O. Smith (NYSE:AOS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The firm had revenue of $963.90 million during the quarter, compared to analysts' expectations of $950.56 million. A. O. Smith had a return on equity of 28.39% and a net margin of 13.74%. The company's revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 earnings per share. On average, equities research analysts forecast that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Wednesday, April 30th. A. O. Smith's payout ratio is 37.99%.

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.

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