Nisa Investment Advisors LLC lessened its stake in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 9.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in AOS. New Age Alpha Advisors LLC purchased a new stake in A. O. Smith in the 4th quarter worth about $66,000. Intact Investment Management Inc. purchased a new stake in A. O. Smith in the 1st quarter worth about $72,000. Private Trust Co. NA raised its position in A. O. Smith by 22.1% in the 1st quarter. Private Trust Co. NA now owns 1,181 shares of the industrial products company's stock worth $77,000 after purchasing an additional 214 shares during the period. Canada Post Corp Registered Pension Plan purchased a new stake in A. O. Smith in the 4th quarter worth about $84,000. Finally, Signaturefd LLC raised its position in A. O. Smith by 40.0% in the 4th quarter. Signaturefd LLC now owns 1,299 shares of the industrial products company's stock worth $89,000 after purchasing an additional 371 shares during the period. Institutional investors own 76.10% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a research report on Saturday. Citigroup reduced 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 research report on Monday, April 14th. Robert W. Baird lifted their price objective on shares of A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. assumed coverage on shares of A. O. Smith in a report on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $75.29.
Check Out Our Latest Analysis on AOS
A. O. Smith Trading Up 1.2%
Shares of AOS stock traded up $0.82 during trading hours on Wednesday, hitting $68.06. The company had a trading volume of 1,710,962 shares, compared to its average volume of 1,303,855. The company's fifty day moving average is $66.51 and its 200 day moving average is $66.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.61 and a quick ratio of 1.01. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $92.45. The stock has a market capitalization of $9.67 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20.
A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. A. O. Smith had a net margin of 13.74% and a return on equity of 28.39%. The firm had revenue of $963.90 million for the quarter, compared to analyst estimates of $950.56 million. During the same period in the prior year, the business posted $1.00 EPS. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.
A. O. Smith Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, July 31st. A. O. Smith's payout ratio is currently 37.99%.
About A. O. Smith
(
Free Report)
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.
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