Bank of New York Mellon Corp Has $78.31 Million Position in A. O. Smith Corporation (NYSE:AOS)

Bank of New York Mellon Corp grew its stake in A. O. Smith Corporation (NYSE:AOS - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,198,071 shares of the industrial products company's stock after purchasing an additional 54,830 shares during the period. Bank of New York Mellon Corp owned approximately 0.83% of A. O. Smith worth $78,306,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in A. O. Smith in the fourth quarter valued at $66,000. Intact Investment Management Inc. acquired a new stake in shares of A. O. Smith in the 1st quarter valued at $72,000. Private Trust Co. NA grew its holdings in shares of A. O. Smith by 22.1% in the 1st quarter. Private Trust Co. NA now owns 1,181 shares of the industrial products company's stock worth $77,000 after purchasing an additional 214 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of A. O. Smith during the 4th quarter worth about $84,000. Finally, Signaturefd LLC lifted its holdings in A. O. Smith by 40.0% during the 4th quarter. Signaturefd LLC now owns 1,299 shares of the industrial products company's stock valued at $89,000 after purchasing an additional 371 shares during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Trading Down 1.9%

Shares of NYSE:AOS traded down $1.36 during trading on Friday, hitting $69.11. 1,076,945 shares of the company's stock were exchanged, compared to its average volume of 1,303,806. The company has a current ratio of 1.61, a quick ratio of 1.01 and a debt-to-equity ratio of 0.14. The firm has a market cap of $9.82 billion, a P/E ratio of 19.30, a PEG ratio of 1.53 and a beta of 1.20. The firm has a 50-day moving average price of $66.50 and a two-hundred day moving average price of $66.62. A. O. Smith Corporation has a 1-year low of $58.83 and a 1-year high of $92.45.

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

A. O. Smith Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, July 31st. A. O. Smith's payout ratio is 37.99%.

Analysts Set New Price Targets

Several analysts have recently weighed in on AOS shares. Robert W. Baird raised their price objective on shares of 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 target price on A. O. Smith from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. initiated coverage on A. O. Smith in a report on Tuesday, June 24th. They issued a "neutral" rating and a $70.00 price target for the company. Stifel Nicolaus increased 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. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a research note on Friday, June 27th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $75.29.

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.