Squarepoint Ops LLC raised its holdings in A. O. Smith Co. (NYSE:AOS - Free Report) by 360.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,692 shares of the industrial products company's stock after buying an additional 268,979 shares during the period. Squarepoint Ops LLC owned about 0.24% of A. O. Smith worth $23,443,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in AOS. New Age Alpha Advisors LLC acquired a new stake in shares of A. O. Smith in the 4th quarter worth about $66,000. Canada Post Corp Registered Pension Plan bought a new stake in A. O. Smith during the 4th quarter worth approximately $84,000. Signaturefd LLC raised its stake in shares of A. O. Smith by 40.0% in the fourth 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 last quarter. Mufg Securities Americas Inc. bought a new position in shares of A. O. Smith in the fourth quarter valued at approximately $120,000. Finally, Headlands Technologies LLC bought a new position in shares of A. O. Smith in the fourth quarter valued at approximately $201,000. 76.10% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on AOS shares. Wall Street Zen raised A. O. Smith from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. 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 research note on Wednesday, April 30th. UBS Group dropped their price target on shares of A. O. Smith from $80.00 to $74.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus boosted their price target 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, Weiss Ratings reiterated a "hold (c)" rating on shares of A. O. Smith in a research note on Saturday, May 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $76.17.
View Our Latest Stock Analysis on AOS
A. O. Smith Stock Performance
Shares of NYSE:AOS traded down $0.36 during midday trading on Friday, reaching $67.01. The company had a trading volume of 1,270,452 shares, compared to its average volume of 1,173,079. The company's 50 day moving average price is $65.85 and its 200 day moving average price is $68.36. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. The stock has a market cap of $9.52 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.46 and a beta of 1.28. A. O. Smith Co. has a 52-week low of $58.83 and a 52-week high of $92.45.
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 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. A. O. Smith had a net margin of 13.98% and a return on equity of 28.87%. The business had revenue of $963.90 million for the quarter, compared to analyst estimates of $950.56 million. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The company's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that A. O. Smith Co. will post 3.76 EPS for the current fiscal year.
A. O. Smith Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Wednesday, April 30th. A. O. Smith's dividend payout ratio (DPR) is 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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