Toronto Dominion Bank Acquires 4,469 Shares of A. O. Smith Co. (NYSE:AOS)

Toronto Dominion Bank lifted its stake in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,845 shares of the industrial products company's stock after purchasing an additional 4,469 shares during the period. Toronto Dominion Bank's holdings in A. O. Smith were worth $4,355,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in A. O. Smith by 1.0% in the 4th 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 in the last quarter. Assetmark Inc. raised its stake in shares of A. O. Smith by 7.1% during the 4th quarter. Assetmark Inc. now owns 27,825 shares of the industrial products company's stock valued at $1,898,000 after purchasing an additional 1,834 shares during the period. Private Advisor Group LLC lifted its holdings in A. O. Smith by 124.5% during the 4th quarter. Private Advisor Group LLC now owns 6,694 shares of the industrial products company's stock worth $457,000 after purchasing an additional 3,712 shares in the last quarter. Raymond James Financial Inc. bought a new position in A. O. Smith in the 4th quarter worth about $7,015,000. Finally, American Century Companies Inc. boosted its stake in A. O. Smith by 16.6% in the 4th quarter. American Century Companies Inc. now owns 122,726 shares of the industrial products company's stock worth $8,371,000 after purchasing an additional 17,442 shares during the period. Hedge funds and other institutional investors own 76.10% of the company's stock.

A. O. Smith Price Performance

Shares of NYSE:AOS traded up $0.37 during trading on Wednesday, reaching $64.37. The company had a trading volume of 1,452,773 shares, compared to its average volume of 1,236,944. The company has a fifty day moving average of $65.57 and a two-hundred day moving average of $67.85. 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 capitalization of $9.15 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28. A. O. Smith Co. 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 released its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. A. O. Smith had a return on equity of 28.87% and a net margin of 13.98%. The business had revenue of $963.90 million for the quarter, compared to analysts' expectations of $950.56 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The firm's revenue was down 1.5% on a year-over-year basis. Equities research analysts forecast that A. O. Smith Co. will post 3.76 earnings per share for the current year.

A. O. Smith Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.36 annualized dividend and a yield of 2.11%. A. O. Smith's payout ratio is 37.99%.

Analyst Upgrades and Downgrades

AOS has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target 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. Citigroup cut their price target on shares of A. O. Smith from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a report on Saturday, May 24th. Finally, Stifel Nicolaus increased their price objective on A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $76.17.

A. O. Smith Company 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.