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Blackhawk Capital Partners LLC. Purchases Shares of 12,301 A. O. Smith Corporation (NYSE:AOS)

A. O. Smith logo with Industrials background

Blackhawk Capital Partners LLC. purchased a new position in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,301 shares of the industrial products company's stock, valued at approximately $804,000.

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

A. O. Smith Trading Down 1.9%

A. O. Smith stock traded down $1.36 during trading on Friday, hitting $69.11. The company had a trading volume of 1,076,945 shares, compared to its average volume of 1,302,587. A. O. Smith Corporation has a 1-year low of $58.83 and a 1-year 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's 50 day simple moving average is $66.50 and its 200-day simple moving average is $66.63. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20.

A. O. Smith (NYSE:AOS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 firm 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 EPS. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, analysts expect that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird increased their price objective 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 reiterated a "hold (c)" rating on shares of A. O. Smith in a report on Friday, June 27th. Stifel Nicolaus increased their price objective on shares of A. O. Smith from $75.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Citigroup cut 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 report on Monday, April 14th. Finally, JPMorgan Chase & Co. assumed coverage on A. O. Smith in a report on Tuesday, June 24th. They issued a "neutral" rating and a $70.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $75.29.

Read Our Latest Stock Report on A. O. Smith

About A. O. Smith

(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.

Further Reading

Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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