Robeco Schweiz AG lowered its stake in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 316,637 shares of the industrial products company's stock after selling 10,326 shares during the period. Robeco Schweiz AG owned about 0.22% of A. O. Smith worth $20,695,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of AOS. New Age Alpha Advisors LLC acquired a new stake in shares of A. O. Smith during the 4th quarter valued at $66,000. Intact Investment Management Inc. acquired a new stake in shares of A. O. Smith during the 1st quarter valued at $72,000. Private Trust Co. NA raised its holdings in shares of 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 acquired a new stake in shares of A. O. Smith in the 4th quarter valued at $84,000. Finally, Signaturefd LLC lifted its stake in shares of A. O. Smith by 40.0% in 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.
A. O. Smith Stock Performance
Shares of NYSE:AOS traded down $1.36 on Friday, hitting $69.11. 1,076,945 shares of the company were exchanged, compared to its average volume of 1,302,587. The company's 50 day moving average price is $66.50 and its two-hundred day moving average price is $66.63. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $92.45. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.01 and a current ratio of 1.61. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.56 and a beta of 1.20.
A. O. Smith (NYSE:AOS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating 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 business had revenue of $963.90 million for the quarter, compared to analyst estimates of $950.56 million. During the same period in the previous year, the business earned $1.00 EPS. The firm's revenue was down 1.5% on a year-over-year basis. 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 will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.36 annualized dividend and a dividend yield of 1.97%. A. O. Smith's dividend payout ratio (DPR) is currently 37.99%.
Analysts Set New Price Targets
Several research firms recently issued reports on AOS. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a research note on Friday, June 27th. 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 research note on Wednesday, April 30th. Citigroup reduced their price objective on shares of 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. JPMorgan Chase & Co. initiated coverage on shares of A. O. Smith in a research note on Tuesday, June 24th. They issued a "neutral" rating and a $70.00 price objective for the company. Finally, Robert W. Baird lifted 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $75.29.
Get Our Latest Report on AOS
A. O. Smith Profile
(
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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