Mn Services Vermogensbeheer B.V. Sells 4,800 Shares of A. O. Smith Corporation (NYSE:AOS)

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

Several other institutional investors also recently bought and sold shares of the stock. Sanctuary Advisors LLC raised its stake in shares of A. O. Smith by 3.2% in the 4th quarter. Sanctuary Advisors LLC now owns 18,966 shares of the industrial products company's stock valued at $1,277,000 after acquiring an additional 596 shares in the last quarter. CIBC Asset Management Inc grew its holdings in A. O. Smith by 684.3% during the fourth quarter. CIBC Asset Management Inc now owns 138,991 shares of the industrial products company's stock valued at $9,462,000 after purchasing an additional 121,270 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of A. O. Smith by 6.7% in the fourth quarter. D.A. Davidson & CO. now owns 10,419 shares of the industrial products company's stock valued at $711,000 after purchasing an additional 654 shares during the period. Atria Wealth Solutions Inc. raised its position in shares of A. O. Smith by 9.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,691 shares of the industrial products company's stock valued at $320,000 after purchasing an additional 410 shares during the period. Finally, Private Advisor Group LLC lifted its stake in shares of A. O. Smith by 124.5% in the fourth quarter. Private Advisor Group LLC now owns 6,694 shares of the industrial products company's stock worth $457,000 after buying an additional 3,712 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Stock Performance

Shares of NYSE:AOS traded down $0.20 on Wednesday, hitting $63.03. 1,198,803 shares of the company were exchanged, compared to its average volume of 1,272,859. The company's 50 day moving average price is $65.86 and its two-hundred day moving average price is $67.25. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.43 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.01 and a current ratio of 1.61. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $92.45.

A. O. Smith (NYSE:AOS - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The business had revenue of $963.90 million for the quarter, compared to the consensus estimate of $950.56 million. A. O. Smith had a return on equity of 28.39% and a net margin of 13.74%. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the business earned $1.00 earnings per share. Research analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given 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 2.16%. A. O. Smith's dividend payout ratio (DPR) is currently 37.99%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of A. O. Smith in a research note on Wednesday, June 11th. Robert W. Baird raised their price target on A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Stifel Nicolaus boosted their price objective on A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Citigroup decreased their target price on A. O. Smith from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, A. O. Smith currently has a consensus rating of "Hold" and an average target price of $76.17.

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.