Blackhawk Capital Partners LLC. Invests $804,000 in A. O. Smith Corporation (NYSE:AOS)

Blackhawk Capital Partners LLC. bought a new stake in A. O. Smith Corporation (NYSE:AOS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,301 shares of the industrial products company's stock, valued at approximately $804,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. New Age Alpha Advisors LLC purchased a new position in A. O. Smith during the 4th quarter valued at about $66,000. Intact Investment Management Inc. purchased a new position in A. O. Smith during the 1st quarter valued at about $72,000. Private Trust Co. NA increased its holdings in A. O. Smith by 22.1% during the 1st quarter. Private Trust Co. NA now owns 1,181 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 214 shares during the period. Canada Post Corp Registered Pension Plan purchased a new position in A. O. Smith during the 4th quarter valued at about $84,000. Finally, Signaturefd LLC increased its holdings in A. O. Smith by 40.0% during the 4th quarter. Signaturefd LLC now owns 1,299 shares of the industrial products company's stock valued at $89,000 after purchasing an additional 371 shares during the period. Institutional investors own 76.10% of the company's stock.

Analyst Upgrades and Downgrades

AOS has been the topic of a number of research analyst reports. Citigroup reduced their target price 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. Robert W. Baird raised their price objective on A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Stifel Nicolaus increased their target price on A. O. Smith from $75.00 to $78.00 and gave the company 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 report on Friday, June 27th. Finally, JPMorgan Chase & Co. assumed coverage on A. O. Smith in a report on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, A. O. Smith currently has an average rating of "Hold" and an average target price of $75.29.

A. O. Smith Trading Up 1.5%

AOS traded up $1.06 on Wednesday, hitting $69.52. The company had a trading volume of 1,346,338 shares, compared to its average volume of 1,300,001. The company has a quick ratio of 1.01, a current ratio of 1.61 and a debt-to-equity ratio of 0.14. The company has a market cap of $9.88 billion, a PE ratio of 19.42, a PEG ratio of 1.52 and a beta of 1.20. A. O. Smith Corporation has a 12-month low of $58.83 and a 12-month high of $92.45. The business's fifty day simple moving average is $66.43 and its 200 day simple moving average is $66.62.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $950.56 million. A. O. Smith had a net margin of 13.74% and a return on equity of 28.39%. A. O. Smith's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Equities research analysts expect that A. O. Smith Corporation will post 3.76 EPS for the current year.

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, July 31st. A. O. Smith's payout ratio is 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.