New York State Common Retirement Fund lowered its position in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 422,639 shares of the industrial products company's stock after selling 11,089 shares during the quarter. New York State Common Retirement Fund owned 0.28% of A. O. Smith worth $34,842,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Impax Asset Management Group plc raised its position in A. O. Smith by 2.2% during the third quarter. Impax Asset Management Group plc now owns 4,101,386 shares of the industrial products company's stock worth $271,225,000 after acquiring an additional 88,025 shares in the last quarter. Invesco Ltd. raised its position in shares of A. O. Smith by 4.6% in the third quarter. Invesco Ltd. now owns 3,038,837 shares of the industrial products company's stock valued at $200,958,000 after purchasing an additional 133,339 shares during the period. Earnest Partners LLC raised its position in shares of A. O. Smith by 7.7% in the third quarter. Earnest Partners LLC now owns 1,577,789 shares of the industrial products company's stock valued at $104,339,000 after purchasing an additional 112,600 shares during the period. Northern Trust Corp raised its position in shares of A. O. Smith by 4.7% in the third quarter. Northern Trust Corp now owns 1,343,402 shares of the industrial products company's stock valued at $88,839,000 after purchasing an additional 60,337 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of A. O. Smith by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,276,943 shares of the industrial products company's stock valued at $84,444,000 after purchasing an additional 11,132 shares during the period. 76.10% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, Director Idelle K. Wolf sold 814 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total value of $65,120.00. Following the sale, the director now directly owns 46,140 shares in the company, valued at approximately $3,691,200. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Idelle K. Wolf sold 814 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total value of $65,120.00. Following the sale, the director now directly owns 46,140 shares in the company, valued at approximately $3,691,200. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert J. Heideman sold 9,890 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $84.63, for a total transaction of $836,990.70. Following the completion of the sale, the vice president now owns 9,455 shares in the company, valued at $800,176.65. The disclosure for this sale can be found here. Insiders have sold 95,631 shares of company stock worth $8,042,535 over the last ninety days. Corporate insiders own 2.70% of the company's stock.
A. O. Smith Price Performance
A. O. Smith stock traded up $0.33 during trading hours on Friday, reaching $83.15. 1,316,242 shares of the stock were exchanged, compared to its average volume of 986,730. The company has a market cap of $12.24 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 2.36 and a beta of 1.25. The company has a current ratio of 1.59, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. A. O. Smith Co. has a twelve month low of $63.88 and a twelve month high of $89.96. The stock has a 50 day moving average of $85.71 and a two-hundred day moving average of $79.85.
A. O. Smith (NYSE:AOS - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.01. The firm had revenue of $978.80 million for the quarter, compared to the consensus estimate of $995.91 million. A. O. Smith had a net margin of 14.45% and a return on equity of 31.05%. The business's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. Equities analysts expect that A. O. Smith Co. will post 4.09 EPS for the current fiscal year.
A. O. Smith Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, April 29th. This represents a $1.28 dividend on an annualized basis and a yield of 1.54%. A. O. Smith's payout ratio is 34.59%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on AOS shares. Oppenheimer reissued a "market perform" rating on shares of A. O. Smith in a research report on Thursday, April 18th. Stifel Nicolaus dropped their price objective on shares of A. O. Smith from $91.00 to $90.00 and set a "hold" rating on the stock in a research report on Friday. StockNews.com lowered shares of A. O. Smith from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 6th. Citigroup raised their price target on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Finally, Jefferies Financial Group raised their price target on shares of A. O. Smith from $85.00 to $90.00 and gave the stock a "hold" rating in a research report on Friday, April 12th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $90.67.
View Our Latest 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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