Wipfli Financial Advisors LLC Takes $31,000 Position in A. O. Smith Co. (NYSE:AOS)

Wipfli Financial Advisors LLC acquired a new stake in shares of A. O. Smith Co. (NYSE:AOSGet Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 637 shares of the industrial products company’s stock, valued at approximately $31,000.

Several other hedge funds have also recently made changes to their positions in the stock. First Republic Investment Management Inc. grew its position in A. O. Smith by 1.5% during the second quarter. First Republic Investment Management Inc. now owns 11,922 shares of the industrial products company’s stock valued at $652,000 after buying an additional 172 shares during the period. Synovus Financial Corp grew its position in A. O. Smith by 2.8% during the second quarter. Synovus Financial Corp now owns 6,606 shares of the industrial products company’s stock valued at $354,000 after buying an additional 178 shares during the period. State of Alaska Department of Revenue grew its position in A. O. Smith by 1.0% during the second quarter. State of Alaska Department of Revenue now owns 18,687 shares of the industrial products company’s stock valued at $1,021,000 after buying an additional 190 shares during the period. Mutual of America Capital Management LLC grew its position in A. O. Smith by 1.1% during the second quarter. Mutual of America Capital Management LLC now owns 17,872 shares of the industrial products company’s stock valued at $977,000 after buying an additional 196 shares during the period. Finally, Raymond James Trust N.A. grew its position in A. O. Smith by 4.9% during the first quarter. Raymond James Trust N.A. now owns 4,351 shares of the industrial products company’s stock valued at $278,000 after buying an additional 205 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AOS. DA Davidson cut their target price on shares of A. O. Smith from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, October 19th. StockNews.com lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. The Goldman Sachs Group upped 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 report on Thursday, January 12th. Citigroup upped their price target on shares of A. O. Smith from $50.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 9th. Finally, UBS Group lowered shares of A. O. Smith from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $65.00 to $58.00 in a research report on Tuesday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.38.

A. O. Smith Price Performance

Shares of NYSE:AOS opened at $57.79 on Friday. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 2.15 and a beta of 1.24. The firm has a fifty day moving average price of $59.40 and a 200 day moving average price of $57.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.16 and a current ratio of 1.74. A. O. Smith Co. has a fifty-two week low of $46.58 and a fifty-two week high of $80.84.

A. O. Smith (NYSE:AOSGet Rating) last released its quarterly earnings results on Thursday, October 27th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. The company had revenue of $874.20 million for the quarter, compared to the consensus estimate of $874.04 million. A. O. Smith had a net margin of 12.99% and a return on equity of 27.67%. A. O. Smith’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. As a group, sell-side analysts expect that A. O. Smith Co. will post 3.09 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, January 30th. A. O. Smith’s dividend payout ratio is currently 38.10%.

A. O. Smith Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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