Select Equity Group L.P. reduced its stake in A. O. Smith Co. (NYSE:AOS - Free Report) by 20.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,342,818 shares of the industrial products company's stock after selling 877,969 shares during the quarter. Select Equity Group L.P. owned approximately 2.31% of A. O. Smith worth $228,014,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new stake in shares of A. O. Smith in the fourth quarter valued at about $66,000. Canada Post Corp Registered Pension Plan purchased a new position in shares of A. O. Smith in the 4th quarter worth approximately $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 valued at $89,000 after acquiring an additional 371 shares in the last quarter. Mufg Securities Americas Inc. purchased a new stake in shares of A. O. Smith during the fourth quarter valued at approximately $120,000. Finally, Headlands Technologies LLC bought a new stake in A. O. Smith during the fourth quarter worth $201,000. 76.10% of the stock is currently owned by institutional investors.
A. O. Smith Stock Performance
Shares of AOS stock traded down $0.23 during trading on Thursday, reaching $66.89. 435,670 shares of the company's stock traded hands, compared to its average volume of 1,449,853. The firm's 50-day moving average is $65.86 and its 200 day moving average is $68.47. The company has a market capitalization of $9.51 billion, a P/E ratio of 18.43, a PEG 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 $92.44. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10.
A. O. Smith (NYSE:AOS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm 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 business's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 earnings per share. Equities research analysts expect that A. O. Smith Co. will post 3.76 EPS for the current year.
A. O. Smith Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.36 annualized dividend and a yield of 2.03%. A. O. Smith's dividend payout ratio is currently 37.99%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on AOS shares. Oppenheimer reduced their price target on shares of A. O. Smith from $88.00 to $84.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Robert W. Baird boosted their target price on shares of A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of A. O. Smith from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. UBS Group lowered 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 report on Friday, January 31st. Finally, Stifel Nicolaus increased their price objective on A. O. Smith from $75.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $76.17.
Read Our Latest Stock Report on AOS
A. O. Smith Profile
(
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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