Legacy Capital Wealth Partners LLC acquired a new stake in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 3,801 shares of the industrial products company's stock, valued at approximately $248,000.
A number of other large investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in A. O. Smith during the 4th quarter valued at approximately $7,015,000. Corient Private Wealth LLC raised its stake in A. O. Smith by 14.8% during the 4th quarter. Corient Private Wealth LLC now owns 46,416 shares of the industrial products company's stock valued at $3,166,000 after purchasing an additional 5,972 shares during the period. Cibc World Markets Corp increased its stake in A. O. Smith by 15.1% in the 4th quarter. Cibc World Markets Corp now owns 18,830 shares of the industrial products company's stock worth $1,284,000 after acquiring an additional 2,473 shares during the last quarter. Signaturefd LLC increased its stake 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 worth $89,000 after acquiring an additional 371 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its stake in A. O. Smith by 174.4% in the 4th quarter. iA Global Asset Management Inc. now owns 26,816 shares of the industrial products company's stock worth $1,829,000 after acquiring an additional 17,042 shares during the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on AOS shares. Stifel Nicolaus lifted their price objective on A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Robert W. Baird lifted 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. Citigroup cut their target price 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. Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. began coverage on A. O. Smith in a research report on Tuesday, June 24th. They set a "neutral" rating and a $70.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $75.29.
Check Out Our Latest Analysis on A. O. Smith
A. O. Smith Trading Down 0.7%
AOS traded down $0.53 during trading hours on Friday, reaching $70.22. 2,486,898 shares of the company's stock traded hands, compared to its average volume of 1,316,109. The firm has a 50-day moving average price of $66.62 and a 200 day moving average price of $66.64. A. O. Smith Corporation has a 52-week low of $58.83 and a 52-week high of $92.06. 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 firm has a market capitalization of $9.98 billion, a PE ratio of 19.61, a PEG ratio of 1.56 and a beta of 1.20.
A. O. Smith (NYSE:AOS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. A. O. Smith had a return on equity of 28.39% and a net margin of 13.74%. The company had revenue of $963.90 million during the quarter, compared to analysts' expectations of $950.56 million. During the same quarter in the previous year, the business earned $1.00 EPS. A. O. Smith's revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.
A. O. Smith Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, July 31st. A. O. Smith's dividend payout ratio is 37.99%.
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.
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