Nisa Investment Advisors LLC Sells 5,633 Shares of A. O. Smith Corporation (NYSE:AOS)

Nisa Investment Advisors LLC decreased its stake in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,021 shares of the industrial products company's stock after selling 5,633 shares during the period. Nisa Investment Advisors LLC's holdings in A. O. Smith were worth $3,531,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AOS. New Age Alpha Advisors LLC purchased a new position in A. O. Smith during the fourth quarter valued at approximately $66,000. Intact Investment Management Inc. acquired a new stake in shares of A. O. Smith in the first quarter worth $72,000. Private Trust Co. NA raised 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 during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in A. O. Smith during the 4th quarter valued at $84,000. Finally, Signaturefd LLC raised its stake in A. O. Smith by 40.0% during the 4th quarter. Signaturefd LLC now owns 1,299 shares of the industrial products company's stock valued at $89,000 after purchasing an additional 371 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on AOS. Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a report on Friday, June 27th. JPMorgan Chase & Co. began coverage on shares of A. O. Smith in a report on Tuesday, June 24th. They issued a "neutral" rating and a $70.00 price target on the stock. Citigroup lowered their target price on shares of A. O. Smith from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus upped their target price on shares of A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Robert W. Baird upped their target price on shares of A. O. Smith from $75.00 to $76.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, A. O. Smith presently has a consensus rating of "Hold" and a consensus target price of $75.29.

A. O. Smith Price Performance

NYSE:AOS traded down $1.36 during mid-day trading on Friday, reaching $69.11. 1,076,945 shares of the company were exchanged, compared to its average volume of 1,303,806. A. O. Smith Corporation has a 12 month low of $58.83 and a 12 month high of $92.45. The company has a fifty day moving average of $66.50 and a 200 day moving average of $66.62. The company has a quick ratio of 1.01, a current ratio of 1.61 and a debt-to-equity ratio of 0.14. The stock has a market cap of $9.82 billion, a PE ratio of 19.30, a PEG ratio of 1.53 and a beta of 1.20.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The company had revenue of $963.90 million for the quarter, compared to the consensus estimate of $950.56 million. A. O. Smith had a net margin of 13.74% and a return on equity of 28.39%. The company's revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. On average, research analysts anticipate that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.97%. A. O. Smith's dividend payout ratio is 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.