Oakbrook Investments LLC trimmed its holdings in A. O. Smith Corp (NYSE:AOS) by 50.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,760 shares of the industrial products company’s stock after selling 6,790 shares during the period. Oakbrook Investments LLC’s holdings in A. O. Smith were worth $414,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Toronto Dominion Bank increased its stake in shares of A. O. Smith by 11.8% during the second quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 191 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of A. O. Smith by 973.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 1,655 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in shares of A. O. Smith during the second quarter worth about $124,000. ELCO Management Co. LLC acquired a new position in shares of A. O. Smith during the second quarter worth about $206,000. Finally, Annex Advisory Services LLC acquired a new position in shares of A. O. Smith during the third quarter worth about $214,000. 74.95% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on AOS shares. Robert W. Baird reiterated a “buy” rating and set a $68.00 price target on shares of A. O. Smith in a research note on Friday, October 27th. Zacks Investment Research lowered shares of A. O. Smith from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Stifel Nicolaus reiterated a “hold” rating and set a $59.00 price target on shares of A. O. Smith in a research note on Monday, December 11th. BMO Capital Markets reiterated a “buy” rating and set a $78.00 price target on shares of A. O. Smith in a research note on Friday, January 26th. Finally, Boenning Scattergood lowered shares of A. O. Smith from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 25th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. A. O. Smith currently has an average rating of “Hold” and an average price target of $67.83.
In other news, Director William P. Greubel sold 17,856 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $66.50, for a total value of $1,187,424.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Peter R. Martineau sold 9,723 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $59.02, for a total transaction of $573,851.46. The disclosure for this sale can be found here. Insiders sold 97,757 shares of company stock worth $6,100,914 over the last quarter. Company insiders own 1.27% of the company’s stock.
Shares of A. O. Smith Corp (NYSE AOS) traded up $1.34 on Wednesday, reaching $64.06. 939,111 shares of the company’s stock traded hands, compared to its average volume of 1,140,000. The company has a quick ratio of 1.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.24. A. O. Smith Corp has a one year low of $48.92 and a one year high of $68.39. The firm has a market capitalization of $11,010.00, a price-to-earnings ratio of 37.68, a P/E/G ratio of 1.81 and a beta of 1.55.
A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. The company had revenue of $768.60 million for the quarter, compared to analyst estimates of $767.45 million. During the same period in the prior year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. sell-side analysts predict that A. O. Smith Corp will post 2.57 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.18 per share. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 1.12%. The ex-dividend date is Tuesday, January 30th. A. O. Smith’s dividend payout ratio is presently 42.35%.
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A. O. Smith Company Profile
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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