A. O. Smith Corporation (NYSE:AOS) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its holdings in A. O. Smith Corporation (NYSE:AOS - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,700 shares of the industrial products company's stock after selling 4,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in A. O. Smith were worth $2,856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new stake in shares of A. O. Smith in the fourth quarter worth approximately $66,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of A. O. Smith in the fourth quarter worth approximately $84,000. Signaturefd LLC raised its holdings 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 worth $89,000 after buying an additional 371 shares during the period. Parallel Advisors LLC raised its holdings in shares of A. O. Smith by 40.4% in the first quarter. Parallel Advisors LLC now owns 1,571 shares of the industrial products company's stock worth $103,000 after buying an additional 452 shares during the period. Finally, CX Institutional purchased a new position in A. O. Smith during the 1st quarter worth $113,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

A. O. Smith Stock Down 0.6%

NYSE AOS traded down $0.39 during midday trading on Friday, hitting $62.69. 2,773,550 shares of the company traded hands, compared to its average volume of 1,282,526. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.61 and a quick ratio of 1.01. The company has a market cap of $8.91 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The company's 50-day simple moving average is $65.83 and its 200-day simple moving average is $67.02. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $92.45.

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 (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. The business had revenue of $963.90 million for the quarter, compared to analysts' expectations of $950.56 million. A. O. Smith had a return on equity of 28.39% and a net margin of 13.74%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. As a group, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.36 annualized dividend and a yield of 2.17%. A. O. Smith's dividend payout ratio (DPR) is presently 37.99%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Robert W. Baird raised their price objective on A. O. Smith from $75.00 to $76.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Stifel Nicolaus raised their price objective on A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Citigroup reduced their price objective on A. O. Smith from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of A. O. Smith in a report on Wednesday, June 11th. 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.