Thurston Springer Miller Herd & Titak Inc. Buys 5,669 Shares of A. O. Smith Co. (NYSE:AOS)

Thurston Springer Miller Herd & Titak Inc. raised its holdings in A. O. Smith Co. (NYSE:AOS - Free Report) by 4,463.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,796 shares of the industrial products company's stock after buying an additional 5,669 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in A. O. Smith were worth $379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in A. O. Smith by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,231,084 shares of the industrial products company's stock valued at $83,972,000 after buying an additional 12,305 shares during the period. Assetmark Inc. raised its stake in A. O. Smith by 7.1% in the fourth quarter. Assetmark Inc. now owns 27,825 shares of the industrial products company's stock valued at $1,898,000 after buying an additional 1,834 shares during the period. Private Advisor Group LLC raised its stake in A. O. Smith by 124.5% in the fourth quarter. Private Advisor Group LLC now owns 6,694 shares of the industrial products company's stock valued at $457,000 after buying an additional 3,712 shares during the period. Raymond James Financial Inc. bought a new stake in A. O. Smith in the fourth quarter valued at approximately $7,015,000. Finally, American Century Companies Inc. raised its stake in A. O. Smith by 16.6% in the fourth quarter. American Century Companies Inc. now owns 122,726 shares of the industrial products company's stock valued at $8,371,000 after buying an additional 17,442 shares during the period. Institutional investors own 76.10% of the company's stock.

Analyst Upgrades and Downgrades

AOS has been the topic of several research reports. Robert W. Baird upped their target price on A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Stifel Nicolaus upped their target price on A. O. Smith from $75.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Citigroup decreased their target price on 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. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a research report on Saturday, May 24th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $76.17.

A. O. Smith Trading Up 0.9%

Shares of NYSE:AOS opened at $64.41 on Friday. The company has a market capitalization of $9.15 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.46 and a beta of 1.28. A. O. Smith Co. has a 1 year low of $58.83 and a 1 year high of $92.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 0.96. The business's 50 day simple moving average is $65.52 and its 200 day simple moving average is $67.74.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The business had revenue of $963.90 million for the quarter, compared to the consensus estimate of $950.56 million. A. O. Smith had a return on equity of 28.87% and a net margin of 13.98%. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 earnings per share. On average, research analysts anticipate that A. O. Smith Co. 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 given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Wednesday, April 30th. A. O. Smith's dividend payout ratio is currently 37.99%.

A. O. Smith Profile

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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