Stifel Financial Corp Cuts Position in A. O. Smith Co. (NYSE:AOS)

Stifel Financial Corp lessened its holdings in A. O. Smith Co. (NYSE:AOSFree Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,355 shares of the industrial products company’s stock after selling 407 shares during the quarter. Stifel Financial Corp owned about 0.06% of A. O. Smith worth $7,696,000 at the end of the most recent quarter.

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

A. O. Smith Stock Down 1.5 %

Shares of A. O. Smith stock opened at $80.88 on Friday. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.18. The company’s 50 day moving average is $85.25 and its 200 day moving average is $82.59. A. O. Smith Co. has a twelve month low of $64.14 and a twelve month high of $89.96. 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 (NYSE:AOSGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. A. O. Smith had a net margin of 14.94% and a return on equity of 30.94%. The business had revenue of $978.80 million for the quarter, compared to the consensus estimate of $995.91 million. During the same period last year, the firm earned $0.94 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Research analysts anticipate that A. O. Smith Co. will post 4.08 EPS for the current year.

A. O. Smith Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.32 dividend. The ex-dividend date was Monday, April 29th. This represents a $1.28 annualized dividend and a yield of 1.58%. A. O. Smith’s payout ratio is presently 33.16%.

Analysts Set New Price Targets

A number of research firms have recently commented on AOS. Robert W. Baird increased their price target on shares of A. O. Smith from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Oppenheimer reiterated a “market perform” rating on shares of A. O. Smith in a report on Thursday, April 18th. Citigroup increased their price target on shares of A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Stifel Nicolaus lowered their price objective on shares of A. O. Smith from $91.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Finally, 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. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.67.

Get Our Latest Research Report on A. O. Smith

A. O. Smith 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.

Read More

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

Receive News & Ratings for A. O. Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith and related companies with MarketBeat.com's FREE daily email newsletter.