ORG Wealth Partners LLC Sells 4,411 Shares of A. O. Smith Corporation (NYSE:AOS)

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

A number of other large investors also recently bought and sold shares of AOS. Sanctuary Advisors LLC grew its holdings in shares of A. O. Smith by 3.2% during the fourth quarter. Sanctuary Advisors LLC now owns 18,966 shares of the industrial products company's stock valued at $1,277,000 after buying an additional 596 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of A. O. Smith by 6.7% in the 4th quarter. D.A. Davidson & CO. now owns 10,419 shares of the industrial products company's stock worth $711,000 after purchasing an additional 654 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of A. O. Smith by 9.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,691 shares of the industrial products company's stock worth $320,000 after purchasing an additional 410 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of A. O. Smith by 124.5% during 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 in the last quarter. Finally, ING Groep NV increased its holdings in A. O. Smith by 191.2% in the 4th quarter. ING Groep NV now owns 46,713 shares of the industrial products company's stock worth $3,186,000 after buying an additional 30,670 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AOS has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on shares of A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Weiss Ratings restated a "hold (c)" rating on shares of A. O. Smith in a report on Wednesday, June 11th. Citigroup lowered their price target 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. Stifel Nicolaus lifted their price objective on A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. started coverage on A. O. Smith in a research report on Tuesday. They set a "neutral" rating and a $70.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, A. O. Smith currently has a consensus rating of "Hold" and an average target price of $75.29.

A. O. Smith Price Performance

Shares of AOS traded up $0.79 during trading hours on Tuesday, reaching $64.93. 878,375 shares of the stock traded hands, compared to its average volume of 1,281,461. A. O. Smith Corporation has a 52-week low of $58.83 and a 52-week high of $92.45. 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 company has a market cap of $9.23 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The company's 50-day moving average price is $65.81 and its two-hundred day moving average price is $66.92.

A. O. Smith (NYSE:AOS - Get Free Report) last posted its quarterly 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 company had revenue of $963.90 million for the quarter, compared to analysts' expectations of $950.56 million. A. O. Smith had a return on equity of 28.39% and a net margin of 13.74%. The firm's revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS. On average, analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.09%. The ex-dividend date was Wednesday, April 30th. A. O. Smith's payout ratio is currently 37.99%.

A. O. Smith Company 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.