Alps Advisors Inc. raised its holdings in A. O. Smith Corporation (NYSE:AOS - Free Report) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,543 shares of the industrial products company's stock after buying an additional 12,143 shares during the quarter. Alps Advisors Inc. owned approximately 0.16% of A. O. Smith worth $15,003,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. New Age Alpha Advisors LLC acquired a new position in A. O. Smith during the fourth quarter valued at approximately $66,000. Intact Investment Management Inc. acquired a new stake in A. O. Smith in the 1st quarter valued at $72,000. Private Trust Co. NA raised its position in A. O. Smith by 22.1% in the first quarter. Private Trust Co. NA now owns 1,181 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 214 shares during the period. Canada Post Corp Registered Pension Plan purchased a new position in A. O. Smith in the fourth quarter valued at about $84,000. Finally, Signaturefd LLC lifted its stake 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 in the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on AOS. Robert W. Baird increased their target price on A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Citigroup dropped 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 research note on Monday, April 14th. JPMorgan Chase & Co. assumed coverage on shares of A. O. Smith in a research note on Tuesday, June 24th. They issued a "neutral" rating and a $70.00 target price for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a report on Friday, June 27th. Finally, Stifel Nicolaus boosted their price objective on shares of A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $75.29.
Check Out Our Latest Stock Analysis on A. O. Smith
A. O. Smith Stock Down 1.9%
NYSE:AOS traded down $1.36 during mid-day trading on Friday, reaching $69.11. The stock had a trading volume of 1,076,945 shares, compared to its average volume of 1,302,587. The stock's 50 day simple moving average is $66.49 and its two-hundred day simple moving average is $66.63. A. O. Smith Corporation has a 1-year low of $58.83 and a 1-year high of $92.45. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.61 and a quick ratio of 1.01.
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 for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The business had revenue of $963.90 million during the quarter, compared to the consensus estimate of $950.56 million. A. O. Smith had a return on equity of 28.39% and a net margin of 13.74%. The business's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. Equities analysts anticipate that A. O. Smith Corporation will post 3.76 EPS for the current year.
A. O. Smith Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.36 annualized dividend and a yield of 1.97%. A. O. Smith's dividend payout ratio (DPR) is 37.99%.
A. O. Smith Profile
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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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