Impax Asset Management Group plc Has $356.05 Million Holdings in A. O. Smith Corporation $AOS

Impax Asset Management Group plc boosted its holdings in shares of A. O. Smith Corporation (NYSE:AOS) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,850,158 shares of the industrial products company’s stock after acquiring an additional 157,856 shares during the quarter. A. O. Smith makes up approximately 2.1% of Impax Asset Management Group plc’s portfolio, making the stock its 10th largest holding. Impax Asset Management Group plc owned 3.46% of A. O. Smith worth $356,050,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AOS. Goldman Sachs Group Inc. increased its position in A. O. Smith by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,302 shares of the industrial products company’s stock worth $61,393,000 after buying an additional 154,201 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of A. O. Smith by 2.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,957 shares of the industrial products company’s stock valued at $1,374,000 after acquiring an additional 512 shares during the last quarter. CWM LLC raised its stake in shares of A. O. Smith by 52.7% in the 2nd quarter. CWM LLC now owns 12,789 shares of the industrial products company’s stock valued at $839,000 after acquiring an additional 4,414 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in A. O. Smith in the 2nd quarter worth approximately $386,000. Finally, Astoria Portfolio Advisors LLC. acquired a new position in A. O. Smith during the second quarter valued at approximately $196,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Robert W. Baird set a $77.00 price objective on shares of A. O. Smith in a report on Friday, January 30th. Wall Street Zen raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Stifel Nicolaus set a $85.00 price target on A. O. Smith and gave the company a “buy” rating in a research report on Friday, January 30th. Jefferies Financial Group set a $75.00 price objective on A. O. Smith and gave the stock a “hold” rating in a research note on Friday, January 9th. Finally, DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of A. O. Smith in a research note on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $78.00.

A. O. Smith Stock Up 1.7%

Shares of AOS opened at $80.46 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.94 and a current ratio of 1.50. The company has a 50-day simple moving average of $70.54 and a 200-day simple moving average of $70.06. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $80.63. The firm has a market capitalization of $11.20 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.63 and a beta of 1.36.

A. O. Smith (NYSE:AOS) last released its 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. The business had revenue of $912.50 million for the quarter, compared to the consensus estimate of $928.97 million. A. O. Smith had a return on equity of 29.51% and a net margin of 14.26%.The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. On average, equities research analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, January 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.8%. A. O. Smith’s payout ratio is currently 37.31%.

About A. O. Smith

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.