Tokio Marine Asset Management Co. Ltd. Raises Stock Holdings in A. O. Smith Co. (NYSE:AOS)

Tokio Marine Asset Management Co. Ltd. raised its position in shares of A. O. Smith Co. (NYSE:AOS) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,568 shares of the industrial products company’s stock after acquiring an additional 338 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in A. O. Smith were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. FinTrust Capital Advisors LLC raised its holdings in shares of A. O. Smith by 628.0% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 597 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 515 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of A. O. Smith by 36.1% during the 3rd quarter. Addison Advisors LLC now owns 712 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 189 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of A. O. Smith by 393.1% during the 3rd quarter. Private Trust Co. NA now owns 858 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 684 shares in the last quarter. Covestor Ltd raised its holdings in shares of A. O. Smith by 39.2% during the 3rd quarter. Covestor Ltd now owns 1,203 shares of the industrial products company’s stock worth $79,000 after acquiring an additional 339 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of A. O. Smith by 25.5% during the 4th quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock worth $79,000 after acquiring an additional 195 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

A. O. Smith Stock Performance

Shares of A. O. Smith stock opened at $83.21 on Monday. The stock’s fifty day moving average is $85.71 and its two-hundred day moving average is $79.98. The company has a market capitalization of $12.25 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.06. A. O. Smith Co. has a 52 week low of $63.88 and a 52 week high of $89.96.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.99 by $0.01. A. O. Smith had a return on equity of 30.94% and a net margin of 14.94%. The company had revenue of $978.80 million for the quarter, compared to the consensus estimate of $995.91 million. During the same quarter in the prior year, the company posted $0.94 EPS. A. O. Smith’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, analysts expect that A. O. Smith Co. will post 4.09 earnings per share for the current year.

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, April 29th. A. O. Smith’s dividend payout ratio is 33.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup boosted their target price on A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. StockNews.com downgraded A. O. Smith from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Robert W. Baird boosted their target price on A. O. Smith from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus cut their target price on A. O. Smith from $91.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group boosted their target price on A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, A. O. Smith presently has a consensus rating of “Hold” and an average price target of $90.67.

Insiders Place Their Bets

In other A. O. Smith news, Director Idelle K. Wolf sold 814 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total value of $65,120.00. Following the completion of the sale, the director now directly owns 46,140 shares in the company, valued at approximately $3,691,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Idelle K. Wolf sold 814 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total transaction of $65,120.00. Following the completion of the sale, the director now directly owns 46,140 shares in the company, valued at approximately $3,691,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert J. Heideman sold 9,890 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $84.63, for a total value of $836,990.70. Following the sale, the vice president now owns 9,455 shares of the company’s stock, valued at $800,176.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,631 shares of company stock worth $8,042,535. 2.70% of the stock is currently owned by company insiders.

A. O. Smith Company Profile

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.