Asahi Life Asset Management CO. LTD. bought a new position in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,780 shares of the industrial products company's stock, valued at approximately $312,000.
A number of other institutional investors also recently modified their holdings of AOS. New Age Alpha Advisors LLC purchased a new stake in shares of A. O. Smith during the fourth quarter worth about $66,000. Intact Investment Management Inc. purchased a new stake in shares of A. O. Smith during the first quarter worth about $72,000. Private Trust Co. NA boosted its holdings in shares of A. O. Smith by 22.1% during the first 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 period. Canada Post Corp Registered Pension Plan purchased a new stake in shares of A. O. Smith during the fourth quarter worth about $84,000. Finally, Signaturefd LLC boosted its holdings 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 during the period. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
A. O. Smith Stock Down 1.0%
Shares of NYSE AOS traded down $0.72 on Friday, reaching $70.03. 1,348,385 shares of the company's stock traded hands, compared to its average volume of 1,309,573. A. O. Smith Corporation has a 12 month low of $58.83 and a 12 month high of $92.45. The business's 50 day simple moving average is $66.58 and its two-hundred day simple moving average is $66.64. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.61 and a debt-to-equity ratio of 0.14.
A. O. Smith (NYSE:AOS - Get Free Report) last announced its 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. A. O. Smith had a net margin of 13.74% and a return on equity of 28.39%. The business had revenue of $963.90 million during the quarter, compared to the consensus estimate of $950.56 million. During the same quarter last year, the firm earned $1.00 earnings per share. The business's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.
A. O. Smith Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.94%. 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
A number of equities analysts recently issued reports on the stock. 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 price target for the company. Stifel Nicolaus increased their price target on shares of A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a research note on Saturday, July 12th. Robert W. Baird increased their price target on shares of A. O. Smith from $75.00 to $76.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Finally, Citigroup decreased their price target on shares of A. O. Smith from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $75.29.
Check Out Our Latest Report on AOS
A. O. Smith Company Profile
(
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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