4,643 Shares in A. O. Smith Corporation (NYSE:AOS) Purchased by Clearview Wealth Advisors LLC

Clearview Wealth Advisors LLC purchased a new position in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,643 shares of the industrial products company's stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AOS. RMR Wealth Builders boosted its holdings in A. O. Smith by 4.5% during the first quarter. RMR Wealth Builders now owns 4,898 shares of the industrial products company's stock worth $320,000 after buying an additional 209 shares in the last quarter. Arizona State Retirement System lifted its position in shares of A. O. Smith by 0.7% during the 4th quarter. Arizona State Retirement System now owns 34,838 shares of the industrial products company's stock valued at $2,376,000 after acquiring an additional 234 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of A. O. Smith by 1.8% during the 1st quarter. State of Alaska Department of Revenue now owns 13,831 shares of the industrial products company's stock valued at $903,000 after acquiring an additional 250 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of A. O. Smith by 1.2% during the 4th quarter. Cetera Investment Advisers now owns 27,307 shares of the industrial products company's stock worth $1,863,000 after acquiring an additional 315 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of A. O. Smith by 1.0% in the 4th quarter. MetLife Investment Management LLC now owns 31,511 shares of the industrial products company's stock worth $2,149,000 after acquiring an additional 319 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

A. O. Smith Stock Up 1.5%

Shares of NYSE AOS traded up $0.98 during mid-day trading on Friday, reaching $65.65. The company had a trading volume of 2,027,503 shares, compared to its average volume of 1,289,343. The stock's 50 day moving average is $65.91 and its 200-day moving average is $66.83. A. O. Smith Corporation has a twelve month low of $58.83 and a twelve month high of $92.45. The stock has a market capitalization of $9.33 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.01 and a current ratio of 1.61.

A. O. Smith (NYSE:AOS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 EPS for the quarter, topping the consensus estimate 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%. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. As a group, equities analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Wednesday, April 30th. A. O. Smith's payout ratio is 37.99%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AOS shares. Stifel Nicolaus upped their target price on A. O. Smith from $75.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a research note on Wednesday, June 11th. JPMorgan Chase & Co. began coverage on A. O. Smith in a research report on Tuesday. They issued a "neutral" rating and a $70.00 target price for the company. Citigroup dropped their price target 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. Finally, Robert W. Baird increased their price objective on A. O. Smith from $75.00 to $76.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, A. O. Smith presently has an average rating of "Hold" and an average target price of $75.29.

A. O. Smith 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.