MassMutual Private Wealth & Trust FSB Acquires 14,114 Shares of A. O. Smith Co. (NYSE:AOS)

MassMutual Private Wealth & Trust FSB raised its position in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,366 shares of the industrial products company's stock after acquiring an additional 14,114 shares during the period. MassMutual Private Wealth & Trust FSB owned approximately 0.16% of A. O. Smith worth $14,861,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AOS. New Age Alpha Advisors LLC bought a new stake in A. O. Smith during the fourth quarter valued at about $66,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of A. O. Smith in the fourth quarter valued at about $84,000. Signaturefd LLC lifted its stake 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 buying an additional 371 shares during the period. Mufg Securities Americas Inc. bought a new stake in shares of A. O. Smith in the fourth quarter valued at about $120,000. Finally, Headlands Technologies LLC bought a new stake in shares of A. O. Smith in the fourth quarter valued at about $201,000. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Price Performance

Shares of NYSE AOS traded down $1.54 during mid-day trading on Monday, hitting $62.78. 586,712 shares of the stock were exchanged, compared to its average volume of 1,221,264. The company has a market cap of $8.92 billion, a P/E ratio of 17.28, a PEG ratio of 1.46 and a beta of 1.28. The stock's fifty day simple moving average is $65.74 and its two-hundred day simple moving average is $67.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 1.55. A. O. Smith Co. has a twelve month low of $58.83 and a twelve month high of $92.45.

A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. A. O. Smith had a net margin of 13.98% and a return on equity of 28.87%. The business had revenue of $963.90 million for the quarter, compared to analysts' expectations of $950.56 million. During the same period in the prior year, the firm earned $1.00 earnings per share. A. O. Smith's revenue was down 1.5% compared to the same quarter last year. As a group, analysts forecast that A. O. Smith Co. will post 3.76 EPS for the current fiscal year.

A. O. Smith Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders 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 dividend yield of 2.17%. A. O. Smith's dividend payout ratio (DPR) is currently 37.99%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AOS shares. Stifel Nicolaus increased their target price on shares of A. O. Smith from $75.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Citigroup dropped their price target on shares of A. O. Smith from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Robert W. Baird increased their price target on shares of A. O. Smith from $75.00 to $76.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a research report on Saturday, May 24th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $76.17.

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.