A. O. Smith Co. (NYSE:AOS) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its holdings in A. O. Smith Co. (NYSE:AOS - Free Report) by 133.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 547,410 shares of the industrial products company's stock after buying an additional 312,492 shares during the period. Millennium Management LLC owned 0.38% of A. O. Smith worth $37,339,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $66,000. Canada Post Corp Registered Pension Plan acquired a new position in A. O. Smith during the 4th quarter worth approximately $84,000. Signaturefd LLC lifted its holdings in shares of A. O. Smith by 40.0% in the 4th 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. Headlands Technologies LLC purchased a new stake in shares of A. O. Smith in the fourth quarter valued at approximately $201,000. Finally, Arrowroot Family Office LLC acquired a new position in A. O. Smith during the fourth quarter worth $206,000. Institutional investors and hedge funds own 76.10% of the company's stock.

Analysts Set New Price Targets

AOS has been the topic of several research analyst reports. Oppenheimer decreased their target price on shares of A. O. Smith from $88.00 to $84.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. 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 report on Wednesday, April 30th. Robert W. Baird boosted their price target 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. StockNews.com raised A. O. Smith from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of A. O. Smith in a research report on Saturday, May 10th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $76.17.

A. O. Smith Price Performance

NYSE:AOS traded down $0.93 during trading hours on Tuesday, reaching $69.58. 947,618 shares of the company traded hands, compared to its average volume of 1,165,492. A. O. Smith Co. has a 1-year low of $58.83 and a 1-year high of $92.45. The stock has a market cap of $9.89 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.46 and a beta of 1.28. The firm's 50-day moving average is $65.86 and its 200-day moving average is $68.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 0.96.

A. O. Smith (NYSE:AOS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share 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 firm had revenue of $963.90 million during the quarter, compared to the consensus estimate of $950.56 million. During the same quarter in the previous year, the company posted $1.00 EPS. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts expect that A. O. Smith Co. will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Wednesday, April 30th. A. O. Smith's dividend payout ratio is presently 37.99%.

A. O. Smith Company 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.