A. O. Smith Co. (NYSE:AOS) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its holdings in A. O. Smith Co. (NYSE:AOSFree Report) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 190,301 shares of the industrial products company’s stock after selling 8,349 shares during the period. California State Teachers Retirement System owned about 0.13% of A. O. Smith worth $15,688,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Addison Advisors LLC lifted its position in shares of A. O. Smith by 28.7% in the fourth quarter. Addison Advisors LLC now owns 916 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 204 shares in the last quarter. Signaturefd LLC lifted its position in shares of A. O. Smith by 25.5% in the fourth quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock valued at $79,000 after acquiring an additional 195 shares in the last quarter. Covestor Ltd lifted its position in shares of A. O. Smith by 39.2% in the third quarter. Covestor Ltd now owns 1,203 shares of the industrial products company’s stock valued at $79,000 after acquiring an additional 339 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of A. O. Smith by 52.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,506 shares of the industrial products company’s stock valued at $122,000 after acquiring an additional 518 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. lifted its position in shares of A. O. Smith by 31.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,597 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 382 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Price Performance

NYSE:AOS opened at $81.10 on Friday. A. O. Smith Co. has a 52 week low of $64.14 and a 52 week 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. The company has a market capitalization of $11.89 billion, a P/E ratio of 21.01, a P/E/G ratio of 2.24 and a beta of 1.18. The stock’s fifty day moving average is $85.25 and its two-hundred day moving average is $82.59.

A. O. Smith (NYSE:AOSGet Free Report) last posted its earnings results on Thursday, April 25th. The industrial products company reported $1.00 EPS for the quarter, beating 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 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 previous year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts expect that A. O. Smith Co. will post 4.08 EPS for the current year.

A. O. Smith Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.58%. A. O. Smith’s dividend payout ratio is currently 33.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AOS shares. Jefferies Financial Group raised 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. Robert W. Baird lifted their price objective on A. O. Smith from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Stifel Nicolaus reduced their price objective on 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. StockNews.com downgraded A. O. Smith from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Finally, Citigroup lifted their price objective on A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $90.67.

View Our Latest Report on A. O. Smith

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.

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

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