Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 5.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 306,644 shares of the industrial products company's stock after buying an additional 14,543 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.21% of A. O. Smith worth $20,042,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of AOS. New Age Alpha Advisors LLC purchased a new position in A. O. Smith during the 4th quarter valued at $66,000. Intact Investment Management Inc. bought a new stake in shares of A. O. Smith during the first quarter worth $72,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of A. O. Smith during the fourth quarter valued at $84,000. Signaturefd LLC grew its holdings 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. Finally, Parallel Advisors LLC increased its stake in A. O. Smith by 40.4% in the 1st quarter. Parallel Advisors LLC now owns 1,571 shares of the industrial products company's stock worth $103,000 after buying an additional 452 shares during the period. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
A. O. Smith Stock Down 0.2%
A. O. Smith stock traded down $0.17 during mid-day trading on Friday, reaching $67.92. 658,943 shares of the company were exchanged, compared to its average volume of 1,293,615. 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 cap of $9.65 billion, a P/E ratio of 18.97, a PEG ratio of 1.51 and a beta of 1.20. The business has a fifty day moving average of $66.25 and a 200 day moving average of $66.64. A. O. Smith Corporation has a 12-month low of $58.83 and a 12-month high of $92.45.
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 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $963.90 million during the quarter, compared to analysts' expectations of $950.56 million. During the same period in the prior year, the business posted $1.00 EPS. The firm's quarterly revenue was down 1.5% on a year-over-year basis. Research analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.
A. O. Smith Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Wednesday, April 30th. A. O. Smith's dividend payout ratio is currently 37.99%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Citigroup lowered 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 report on Monday, April 14th. JPMorgan Chase & Co. started coverage on shares of A. O. Smith in a research note on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price target for the company. Robert W. Baird increased their price objective on A. O. Smith from $75.00 to $76.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Stifel Nicolaus raised their price objective on 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 report on Friday, June 27th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $75.29.
Read Our Latest Stock Analysis on A. O. Smith
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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