A. O. Smith Corporation (NYSE:AOS) Shares Sold by ORG Wealth Partners LLC

ORG Wealth Partners LLC cut its position in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 78.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,234 shares of the industrial products company's stock after selling 4,411 shares during the period. ORG Wealth Partners LLC's holdings in A. O. Smith were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in AOS. Charles Schwab Investment Management Inc. increased its holdings in shares of A. O. Smith by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,231,084 shares of the industrial products company's stock valued at $83,972,000 after acquiring an additional 12,305 shares during the period. Assetmark Inc. grew its stake in A. O. Smith by 7.1% in the fourth quarter. Assetmark Inc. now owns 27,825 shares of the industrial products company's stock valued at $1,898,000 after purchasing an additional 1,834 shares during the last quarter. Private Advisor Group LLC grew its stake in A. O. Smith by 124.5% in the fourth quarter. Private Advisor Group LLC now owns 6,694 shares of the industrial products company's stock valued at $457,000 after purchasing an additional 3,712 shares during the last quarter. Raymond James Financial Inc. bought a new position in A. O. Smith in the fourth quarter worth about $7,015,000. Finally, American Century Companies Inc. lifted its position in shares of A. O. Smith by 16.6% during the fourth quarter. American Century Companies Inc. now owns 122,726 shares of the industrial products company's stock valued at $8,371,000 after buying an additional 17,442 shares during the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

A. O. Smith Stock Performance

A. O. Smith stock traded down $0.39 during mid-day trading on Friday, reaching $62.69. 2,773,550 shares of the company traded hands, compared to its average volume of 1,282,526. The firm's fifty day moving average is $65.83 and its two-hundred day moving average is $67.02. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $92.45. 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 announced its quarterly earnings data 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 firm had revenue of $963.90 million for 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 period in the previous year, the company earned $1.00 earnings per share. On average, equities research analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, April 30th. A. O. Smith's dividend payout ratio is presently 37.99%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AOS shares. Citigroup cut 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 report on Monday, April 14th. Robert W. Baird lifted their price target 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. Weiss Ratings reiterated a "hold (c)" rating on shares of A. O. Smith in a report on Wednesday, June 11th. Finally, Stifel Nicolaus raised their price objective on A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $76.17.

About A. O. Smith

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.