Mattson Financial Services LLC bought a new stake in shares of A. O. Smith Co. (NYSE:AOS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,840 shares of the industrial products company's stock, valued at approximately $467,000.
Several other large investors have also recently made changes to their positions in the business. Siemens Fonds Invest GmbH increased its position in shares of A. O. Smith by 52.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 3,496 shares of the industrial products company's stock valued at $255,000 after purchasing an additional 1,209 shares during the last quarter. Cim LLC increased its position in shares of A. O. Smith by 1.3% during the 4th quarter. Cim LLC now owns 41,174 shares of the industrial products company's stock valued at $2,808,000 after purchasing an additional 518 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of A. O. Smith during the 4th quarter worth $10,146,000. Toronto Dominion Bank grew its stake in shares of A. O. Smith by 7.5% during the 4th quarter. Toronto Dominion Bank now owns 63,845 shares of the industrial products company's stock worth $4,355,000 after acquiring an additional 4,469 shares during the period. Finally, Voloridge Investment Management LLC grew its stake in shares of A. O. Smith by 242.8% during the 4th quarter. Voloridge Investment Management LLC now owns 627,282 shares of the industrial products company's stock worth $42,787,000 after acquiring an additional 444,307 shares during the period. 76.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
AOS has been the subject of several research reports. Oppenheimer cut their price target on A. O. Smith from $88.00 to $84.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Robert W. Baird lifted their target price on A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Stifel Nicolaus lifted 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. UBS Group reduced their target price on A. O. Smith from $80.00 to $74.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Wall Street Zen raised A. O. Smith from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Four 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 company currently has an average rating of "Hold" and a consensus price target of $76.17.
Read Our Latest Analysis on AOS
A. O. Smith Price Performance
Shares of AOS traded down $0.44 during trading hours on Friday, reaching $64.29. 10,260,955 shares of the company's stock traded hands, compared to its average volume of 1,228,324. The stock has a market cap of $9.14 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. The firm's 50 day simple moving average is $65.74 and its 200-day simple moving average is $68.04. A. O. Smith Co. has a 12 month low of $58.83 and a 12 month high of $92.45.
A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $963.90 million during the quarter, compared to the consensus estimate of $950.56 million. A. O. Smith had a return on equity of 28.87% and a net margin of 13.98%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. Equities analysts expect that A. O. Smith Co. will post 3.76 EPS for the current year.
A. O. Smith Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.36 dividend on an annualized basis and a yield of 2.12%. A. O. Smith's 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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