State of Alaska Department of Revenue Has $903,000 Stake in A. O. Smith Corporation (NYSE:AOS)

State of Alaska Department of Revenue grew its position in A. O. Smith Corporation (NYSE:AOS) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,831 shares of the industrial products company’s stock after purchasing an additional 250 shares during the quarter. State of Alaska Department of Revenue’s holdings in A. O. Smith were worth $903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $66,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $84,000. Signaturefd LLC grew its position in shares of A. O. Smith by 40.0% in the fourth quarter. Signaturefd LLC now owns 1,299 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 371 shares during the last quarter. Parallel Advisors LLC grew its position in shares of A. O. Smith by 40.4% in the first quarter. Parallel Advisors LLC now owns 1,571 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 452 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of A. O. Smith in the first quarter valued at approximately $113,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Trading Down 0.5%

Shares of AOS stock opened at $64.70 on Friday. The stock’s fifty day moving average price is $65.91 and its two-hundred day moving average price is $66.83. The company has a market cap of $9.19 billion, a PE ratio of 18.07, a P/E/G ratio of 1.45 and a beta of 1.21. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $92.45. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.01 and a current ratio of 1.61.

A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $963.90 million for the quarter, compared to the consensus estimate of $950.56 million. A. O. Smith had a return on equity of 28.39% and a net margin of 13.74%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. Equities analysts predict that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Wednesday, April 30th. A. O. Smith’s dividend payout ratio (DPR) is 37.99%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AOS shares. Robert W. Baird increased their price target on A. O. Smith from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Stifel Nicolaus increased their price target on A. O. Smith from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on A. O. Smith in a research report on Tuesday. They set a “neutral” rating and a $70.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of A. O. Smith in a research report on Wednesday, June 11th. Finally, Citigroup reduced their price target on A. O. Smith from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $75.29.

About A. O. Smith

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.