Revisor Wealth Management LLC Acquires 4,265 Shares of A. O. Smith Corporation (NYSE:AOS)

Revisor Wealth Management LLC increased its stake in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 142.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,267 shares of the industrial products company's stock after acquiring an additional 4,265 shares during the period. Revisor Wealth Management LLC's holdings in A. O. Smith were worth $475,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of A. O. Smith by 3.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,532 shares of the industrial products company's stock valued at $363,000 after acquiring an additional 177 shares during the last quarter. RMR Wealth Builders grew its holdings in A. O. Smith by 4.5% in the 1st quarter. RMR Wealth Builders now owns 4,898 shares of the industrial products company's stock valued at $320,000 after buying an additional 209 shares during the last quarter. Private Trust Co. NA grew its holdings 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 valued at $77,000 after buying an additional 214 shares during the last quarter. Arizona State Retirement System grew its holdings in A. O. Smith by 0.7% in the 4th quarter. Arizona State Retirement System now owns 34,838 shares of the industrial products company's stock valued at $2,376,000 after buying an additional 234 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in A. O. Smith by 1.8% in the 1st quarter. State of Alaska Department of Revenue now owns 13,831 shares of the industrial products company's stock valued at $903,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company's stock.

A. O. Smith Stock Performance

Shares of NYSE:AOS traded down $0.17 during trading on Friday, hitting $67.92. 658,943 shares of the stock were exchanged, compared to its average volume of 1,294,031. A. O. Smith Corporation has a 1-year low of $58.83 and a 1-year high of $92.45. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The company's fifty day simple moving average is $66.30 and its 200-day simple moving average is $66.59. 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 (NYSE:AOS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. A. O. Smith had a return on equity of 28.39% and a net margin of 13.74%. The company had revenue of $963.90 million for the quarter, compared to analyst estimates of $950.56 million. During the same quarter last year, the firm earned $1.00 EPS. A. O. Smith's revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts expect that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Wednesday, April 30th. A. O. Smith's dividend payout ratio is 37.99%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird raised their target price on A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Stifel Nicolaus raised their target price on A. O. Smith from $75.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a report on Friday, June 27th. Citigroup lowered their target price 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, JPMorgan Chase & Co. assumed coverage on A. O. Smith in a report on Tuesday, June 24th. They issued a "neutral" rating and a $70.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $75.29.

About A. O. Smith

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.