A. O. Smith Corporation (NYSE:AOS) Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp boosted its holdings in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 787,518 shares of the industrial products company's stock after purchasing an additional 10,264 shares during the quarter. Boston Trust Walden Corp owned approximately 0.55% of A. O. Smith worth $51,472,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in shares of A. O. Smith in the fourth quarter valued at approximately $66,000. Canada Post Corp Registered Pension Plan purchased a new position in shares of A. O. Smith in the fourth quarter valued at approximately $84,000. Signaturefd LLC lifted its position in shares of A. O. Smith by 40.0% in the fourth 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 in the last quarter. Parallel Advisors LLC lifted its position in shares of A. O. Smith by 40.4% in the first quarter. Parallel Advisors LLC now owns 1,571 shares of the industrial products company's stock valued at $103,000 after acquiring an additional 452 shares in the last quarter. Finally, CX Institutional purchased a new position in shares of A. O. Smith in the first quarter valued at approximately $113,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

A. O. Smith Trading Down 0.6%

A. O. Smith stock traded down $0.39 during trading on Friday, reaching $62.69. 2,773,550 shares of the company were exchanged, compared to its average volume of 1,282,526. A. O. Smith Corporation has a 52-week low of $58.83 and a 52-week high of $92.45. The company has a market capitalization of $8.91 billion, a P/E ratio of 17.51, a PEG ratio of 1.40 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.61 and a quick ratio of 1.01. The stock's 50 day simple moving average is $65.83 and its two-hundred day simple moving average is $67.02.

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 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The firm had revenue of $963.90 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.36 annualized dividend and a yield of 2.17%. A. O. Smith's dividend payout ratio (DPR) is 37.99%.

Wall Street Analyst Weigh In

AOS has been the topic of several research reports. Robert W. Baird raised their target price 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 raised their target price on A. O. Smith from $75.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of A. O. Smith in a research report on Wednesday, June 11th. Finally, Citigroup reduced their price objective on 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.