US Bancorp DE reduced its position in A. O. Smith Co. (NYSE:AOS – Get Rating) by 15.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,043 shares of the industrial products company’s stock after selling 4,217 shares during the period. US Bancorp DE’s holdings in A. O. Smith were worth $1,118,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in AOS. Heritage Financial Services LLC bought a new stake in A. O. Smith during the second quarter worth about $26,000. Wipfli Financial Advisors LLC bought a new stake in A. O. Smith during the third quarter worth $31,000. SCHRODERS IS Ltd bought a new position in shares of A. O. Smith in the 2nd quarter valued at $65,000. Archer Investment Corp acquired a new stake in A. O. Smith in the second quarter valued at $71,000. Finally, Ronald Blue Trust Inc. acquired a new stake in A. O. Smith during the 2nd quarter worth about $87,000. 77.01% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently commented on AOS. UBS Group downgraded A. O. Smith from a “neutral” rating to a “sell” rating and reduced their target price for the company from $65.00 to $58.00 in a research note on Tuesday, January 10th. The Goldman Sachs Group raised their price target on shares of A. O. Smith from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Thursday, January 12th. Stifel Nicolaus reduced their price objective on shares of A. O. Smith from $63.00 to $56.00 and set a “hold” rating for the company in a research note on Tuesday, October 11th. Loop Capital lowered shares of A. O. Smith from a “buy” rating to a “hold” rating and reduced their price target for the company from $67.00 to $65.00 in a research report on Tuesday. Finally, StockNews.com lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, A. O. Smith has an average rating of “Hold” and a consensus target price of $61.38.
A. O. Smith Stock Performance
A. O. Smith (NYSE:AOS – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The industrial products company reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $874.20 million during the quarter, compared to analyst estimates of $874.04 million. A. O. Smith had a return on equity of 27.67% and a net margin of 12.99%. A. O. Smith’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. As a group, research analysts predict that A. O. Smith Co. will post 3.09 EPS for the current year.
A. O. Smith Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.00%. A. O. Smith’s dividend payout ratio (DPR) is 38.10%.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices.
- Get a free copy of the StockNews.com research report on A. O. Smith (AOS)
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