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Longfellow Investment Management Co. LLC Makes New Investment in A. O. Smith Corporation (NYSE:AOS)

A. O. Smith logo with Industrials background

Key Points

  • Longfellow Investment Management Co. acquired a new stake in A. O. Smith Corporation, purchasing 4,862 shares for about $318,000 during the first quarter.
  • Analysts have mixed views on A. O. Smith's stock, with UBS Group maintaining a "neutral" rating while Oppenheimer has upgraded its price target, reflecting growing investor interest.
  • A. O. Smith recently reported $1.07 EPS for the last quarter, surpassing expectations, and declared a quarterly dividend of $0.34 to be paid on August 15th.
  • Looking to export and analyze A. O. Smith data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Longfellow Investment Management Co. LLC purchased a new position in A. O. Smith Corporation (NYSE:AOS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,862 shares of the industrial products company's stock, valued at approximately $318,000.

A number of other hedge funds have also bought and sold shares of the company. CCM Investment Group LLC acquired a new position in A. O. Smith in the first quarter worth about $754,000. Nuveen LLC bought a new stake in shares of A. O. Smith during the 1st quarter valued at about $18,971,000. Entropy Technologies LP grew its position in shares of A. O. Smith by 30.6% during the 1st quarter. Entropy Technologies LP now owns 21,558 shares of the industrial products company's stock valued at $1,409,000 after buying an additional 5,056 shares during the last quarter. Invesco Ltd. grew its position in shares of A. O. Smith by 6.5% during the 1st quarter. Invesco Ltd. now owns 5,011,496 shares of the industrial products company's stock valued at $327,551,000 after buying an additional 307,201 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its position in shares of A. O. Smith by 12.9% during the 1st quarter. Benjamin Edwards Inc. now owns 82,160 shares of the industrial products company's stock valued at $5,370,000 after buying an additional 9,371 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

A. O. Smith Stock Performance

NYSE AOS traded down $1.08 on Thursday, hitting $72.57. The stock had a trading volume of 908,747 shares, compared to its average volume of 1,563,371. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $92.06. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 0.15. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.55 and a beta of 1.22. The company's 50-day moving average is $68.02 and its two-hundred day moving average is $66.81.

A. O. Smith (NYSE:AOS - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.10. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $997.89 million. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. The business's revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. On average, analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders 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 dividend yield of 1.9%. A. O. Smith's dividend payout ratio (DPR) is 37.88%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AOS. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a research report on Tuesday, July 29th. JPMorgan Chase & Co. began coverage on shares of A. O. Smith in a research report on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price objective for the company. UBS Group reaffirmed a "neutral" rating and set a $76.00 price objective (up previously from $74.00) on shares of A. O. Smith in a research report on Monday, July 28th. Stifel Nicolaus boosted their price objective on shares of A. O. Smith from $78.00 to $81.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Robert W. Baird boosted their price objective on shares of A. O. Smith from $76.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, A. O. Smith has a consensus rating of "Hold" and a consensus target price of $77.43.

Get Our Latest Report on A. O. Smith

Insider Activity

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total value of $1,581,972.00. Following the completion of the transaction, the chairman directly owned 100,647 shares in the company, valued at $7,172,105.22. This trade represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.76% of the stock is owned by company insiders.

A. O. Smith Profile

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

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