31,976 Shares in A. O. Smith Corporation (NYSE:AOS) Purchased by Neo Ivy Capital Management

Key Points

• Neo Ivy Capital Management acquired 31,976 shares of A. O. Smith Corporation, valued at approximately $2,090,000, during the first quarter.
• A. O. Smith's stock had a 3.7% increase, opening at $74.00 and showing performance between a 12-month low of $58.83 and a high of $92.06.
• The company declared a quarterly dividend of $0.34 per share, with an annualized dividend yield of 1.84%, which is scheduled for payment on August 15th.

Neo Ivy Capital Management acquired a new stake in A. O. Smith Corporation (NYSE:AOS - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 31,976 shares of the industrial products company's stock, valued at approximately $2,090,000.

Other hedge funds also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in shares of A. O. Smith in the 4th quarter valued at $66,000. Intact Investment Management Inc. bought a new stake in A. O. Smith during the 1st quarter valued at $72,000. Private Trust Co. NA increased its stake in A. O. Smith by 22.1% during the 1st quarter. Private Trust Co. NA now owns 1,181 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 214 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in A. O. Smith during the 4th quarter valued at $84,000. Finally, South Dakota Investment Council bought a new stake in A. O. Smith during the 1st quarter valued at $92,000. Institutional investors own 76.10% of the company's stock.

A. O. Smith Stock Up 0.3%

AOS traded up $0.25 during mid-day trading on Tuesday, reaching $71.28. 335,576 shares of the stock were exchanged, compared to its average volume of 1,583,143. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.65. The stock has a market capitalization of $10.13 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20. The company has a 50 day moving average price of $66.81 and a two-hundred day moving average price of $66.76. A. O. Smith Corporation has a 1 year low of $58.83 and a 1 year high of $92.06.

A. O. Smith (NYSE:AOS - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.10. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $997.89 million. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 EPS. As a group, research analysts anticipate that A. O. Smith Corporation will post 3.76 EPS for the current year.

A. O. Smith Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, July 31st. A. O. Smith's dividend payout ratio (DPR) is currently 37.88%.

Wall Street Analyst Weigh In

A number of analysts have commented on AOS shares. Robert W. Baird boosted their price target on shares of A. O. Smith from $76.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday. Weiss Ratings restated a "hold (c)" rating on shares of A. O. Smith in a research note on Saturday, July 12th. Stifel Nicolaus boosted their price target on shares of A. O. Smith from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. started coverage on shares of A. O. Smith in a research note on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price target for the company. Finally, Oppenheimer boosted their price target on shares of A. O. Smith from $82.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, A. O. Smith has an average rating of "Hold" and an average price target of $77.43.

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.