Harvey Investment Co. LLC increased its holdings in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 51.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,610 shares of the industrial products company's stock after purchasing an additional 21,490 shares during the quarter. Harvey Investment Co. LLC's holdings in A. O. Smith were worth $4,254,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of A. O. Smith during the 4th quarter worth approximately $275,000. Willis Investment Counsel grew its position in shares of A. O. Smith by 42.0% in the 4th quarter. Willis Investment Counsel now owns 45,511 shares of the industrial products company's stock valued at $3,044,000 after buying an additional 13,453 shares during the last quarter. Oak Thistle LLC grew its position in shares of A. O. Smith by 230.1% in the 4th quarter. Oak Thistle LLC now owns 36,077 shares of the industrial products company's stock valued at $2,413,000 after buying an additional 25,147 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in A. O. Smith during the 4th quarter worth $326,000. Finally, Westwood Wealth Management purchased a new stake in A. O. Smith in the fourth quarter valued at $635,000. 76.10% of the stock is owned by institutional investors and hedge funds.
A. O. Smith Trading Up 0.6%
Shares of A. O. Smith stock opened at $67.15 on Friday. A. O. Smith Corporation has a 1 year low of $60.95 and a 1 year high of $81.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.94 and a current ratio of 1.50. The company has a market capitalization of $9.29 billion, a P/E ratio of 17.40, a PEG ratio of 1.39 and a beta of 1.35. The company's fifty day moving average is $71.79 and its two-hundred day moving average is $69.71.
A. O. Smith (NYSE:AOS - Get Free Report) last announced its earnings results on Thursday, January 29th. The industrial products company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.06. A. O. Smith had a net margin of 14.26% and a return on equity of 29.51%. The business had revenue of $912.50 million during the quarter, compared to analysts' expectations of $928.97 million. During the same period in the prior year, the company earned $0.85 earnings per share. The business's revenue was up .0% compared to the same quarter last year. Analysts forecast that A. O. Smith Corporation will post 3.76 earnings per share for the current year.
A. O. Smith Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.44 annualized dividend and a yield of 2.1%. A. O. Smith's dividend payout ratio is currently 37.31%.
Insiders Place Their Bets
In other A. O. Smith news, SVP Darrell W. Schuh sold 1,104 shares of A. O. Smith stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $74.39, for a total value of $82,126.56. Following the transaction, the senior vice president directly owned 2,201 shares in the company, valued at approximately $163,732.39. This trade represents a 33.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company's stock.
Analyst Ratings Changes
AOS has been the subject of several research analyst reports. Robert W. Baird set a $77.00 price objective on shares of A. O. Smith in a research note on Friday, January 30th. The Goldman Sachs Group set a $69.00 target price on A. O. Smith and gave the stock a "sell" rating in a research report on Thursday, February 12th. Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a report on Wednesday, December 24th. Wall Street Zen downgraded A. O. Smith from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Finally, Citigroup reaffirmed a "neutral" rating and set a $78.00 price target (up from $72.00) on shares of A. O. Smith in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $77.00.
Get Our Latest Research Report on A. O. Smith
A. O. Smith Company Profile
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Free Report)
A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.
The company operates through two primary segments: North America and Asia.
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