Charles Schwab Investment Management Inc. Has $81.78 Million Position in A. O. Smith Corporation $AOS

Key Points

• Charles Schwab Investment Management Inc. increased its stake in A. O. Smith Corporation by 1.6% in Q1, owning about 0.87% of the company valued at $81.8 million.
• A. O. Smith recently reported $1.07 EPS for the quarter, exceeding estimates, but revenue was down 1.3% year-over-year at $1.01 billion.
• The company declared a quarterly dividend of $0.34 per share with a yield of 1.8%, set to be paid on August 15th.

Charles Schwab Investment Management Inc. grew its holdings in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 1.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,251,185 shares of the industrial products company's stock after acquiring an additional 20,101 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.87% of A. O. Smith worth $81,777,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of A. O. Smith in the fourth quarter valued at $7,015,000. Sterling Capital Management LLC boosted its holdings in shares of A. O. Smith by 56.7% during the fourth quarter. Sterling Capital Management LLC now owns 7,124 shares of the industrial products company's stock worth $486,000 after purchasing an additional 2,578 shares during the period. Townsquare Capital LLC acquired a new position in A. O. Smith in the 4th quarter worth about $675,000. Barclays PLC increased its position in A. O. Smith by 4.8% in the 4th quarter. Barclays PLC now owns 252,889 shares of the industrial products company's stock worth $17,249,000 after purchasing an additional 11,560 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in A. O. Smith in the 4th quarter worth about $84,000. Institutional investors and hedge funds own 76.10% of the company's stock.

A. O. Smith Price Performance

NYSE:AOS traded up $0.13 during trading hours on Monday, reaching $72.34. The company had a trading volume of 246,769 shares, compared to its average volume of 1,552,837. The stock has a 50-day moving average of $68.35 and a two-hundred day moving average of $66.81. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $92.06. The firm has a market capitalization of $10.14 billion, a PE ratio of 20.14, a PEG ratio of 1.57 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 0.15.

A. O. Smith (NYSE:AOS - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The industrial products company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.89 million. A. O. Smith had a return on equity of 28.42% and a net margin of 13.68%. The business's revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. A. O. Smith's dividend payout ratio is currently 37.88%.

Insider Buying and Selling

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the sale, the chairman owned 100,647 shares of the company's stock, valued at $7,172,105.22. This represents a 18.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AOS has been the topic of several research reports. Stifel Nicolaus upped their target price on A. O. Smith from $78.00 to $81.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Weiss Ratings restated a "hold (c)" rating on shares of A. O. Smith in a research note on Thursday. Robert W. Baird lifted their price target on A. O. Smith from $76.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. initiated coverage on A. O. Smith in a research report on Tuesday, June 24th. They issued a "neutral" rating and a $70.00 price target on the stock. Finally, Oppenheimer lifted their price target on A. O. Smith from $82.00 to $88.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $77.43.

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.