Treasurer of the State of North Carolina Boosts Holdings in A. O. Smith Co. (NYSE:AOS)

Treasurer of the State of North Carolina boosted its position in shares of A. O. Smith Co. (NYSE:AOSFree Report) by 2.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 55,412 shares of the industrial products company’s stock after purchasing an additional 1,512 shares during the quarter. Treasurer of the State of North Carolina’s holdings in A. O. Smith were worth $4,568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. increased its position in shares of A. O. Smith by 4.6% during the third quarter. Invesco Ltd. now owns 3,038,837 shares of the industrial products company’s stock valued at $200,958,000 after acquiring an additional 133,339 shares in the last quarter. Fisher Asset Management LLC boosted its stake in A. O. Smith by 4.0% during the 4th quarter. Fisher Asset Management LLC now owns 1,991,142 shares of the industrial products company’s stock valued at $164,150,000 after purchasing an additional 76,037 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of A. O. Smith by 7.7% in the 3rd quarter. Earnest Partners LLC now owns 1,577,789 shares of the industrial products company’s stock worth $104,339,000 after purchasing an additional 112,600 shares in the last quarter. Northern Trust Corp raised its stake in shares of A. O. Smith by 4.7% in the third quarter. Northern Trust Corp now owns 1,343,402 shares of the industrial products company’s stock worth $88,839,000 after purchasing an additional 60,337 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of A. O. Smith in the fourth quarter worth $108,176,000. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Trading Down 1.7 %

NYSE:AOS opened at $82.20 on Tuesday. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 2.28 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.06. The business has a fifty day moving average price of $85.68 and a 200-day moving average price of $82.57. A. O. Smith Co. has a one year low of $64.14 and a one year high of $89.96.

A. O. Smith (NYSE:AOSGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $978.80 million during the quarter, compared to analysts’ expectations of $995.91 million. During the same quarter in the prior year, the business posted $0.94 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts forecast that A. O. Smith Co. will post 4.08 EPS for the current year.

A. O. Smith Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.56%. The ex-dividend date was Monday, April 29th. A. O. Smith’s dividend payout ratio is currently 33.16%.

Analysts Set New Price Targets

AOS has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Oppenheimer reiterated a “market perform” rating on shares of A. O. Smith in a research note on Thursday, April 18th. StockNews.com downgraded shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Robert W. Baird lifted their target price on shares of A. O. Smith from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, Citigroup increased their price target on A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, A. O. Smith presently has a consensus rating of “Hold” and a consensus target price of $90.67.

View Our Latest Research Report on AOS

A. O. Smith Company 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.

Further Reading

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

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