ABN Amro Investment Solutions Has $2.88 Million Stock Holdings in A. O. Smith Corporation $AOS

ABN Amro Investment Solutions decreased its position in A. O. Smith Corporation (NYSE:AOS) by 31.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 39,225 shares of the industrial products company’s stock after selling 18,195 shares during the quarter. ABN Amro Investment Solutions’ holdings in A. O. Smith were worth $2,880,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in A. O. Smith during the 2nd quarter worth about $91,939,000. American Century Companies Inc. raised its position in shares of A. O. Smith by 54.3% during the second quarter. American Century Companies Inc. now owns 2,080,288 shares of the industrial products company’s stock worth $136,405,000 after acquiring an additional 732,041 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of A. O. Smith by 655.5% during the second quarter. Qube Research & Technologies Ltd now owns 710,716 shares of the industrial products company’s stock worth $46,602,000 after acquiring an additional 616,638 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of A. O. Smith by 521.1% during the second quarter. The Manufacturers Life Insurance Company now owns 581,070 shares of the industrial products company’s stock valued at $38,101,000 after acquiring an additional 487,513 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in shares of A. O. Smith by 171.6% during the second quarter. Worldquant Millennium Advisors LLC now owns 667,655 shares of the industrial products company’s stock worth $43,778,000 after buying an additional 421,845 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Stock Up 1.0%

A. O. Smith stock opened at $80.43 on Monday. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $81.86. The firm has a market capitalization of $11.20 billion, a PE ratio of 20.84, a P/E/G ratio of 1.66 and a beta of 1.36. The company’s 50-day moving average is $71.30 and its 200-day moving average is $70.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.50 and a quick ratio of 0.94.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Thursday, January 29th. The industrial products company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. A. O. Smith had a return on equity of 29.51% and a net margin of 14.26%.The firm had revenue of $912.50 million for the quarter, compared to the consensus estimate of $928.97 million. During the same quarter in the previous year, the business earned $0.85 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. Sell-side analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $1.44 annualized dividend and a yield of 1.8%. A. O. Smith’s dividend payout ratio (DPR) is currently 37.31%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of A. O. Smith in a report on Wednesday, December 24th. DA Davidson reiterated a “neutral” rating and issued a $75.00 price target on shares of A. O. Smith in a report on Thursday, November 13th. Jefferies Financial Group set a $75.00 price objective on shares of A. O. Smith and gave the stock a “hold” rating in a report on Friday, January 9th. The Goldman Sachs Group set a $69.00 target price on shares of A. O. Smith and gave the stock a “sell” rating in a research note on Thursday. Finally, Wall Street Zen downgraded A. O. Smith from a “buy” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, A. O. Smith has an average rating of “Hold” and an average target price of $77.00.

A. O. Smith Profile

A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.

The company operates through two primary segments: North America and Asia.