A. O. Smith Corporation $AOS Stock Position Raised by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its position in A. O. Smith Corporation (NYSE:AOS) by 76.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,548 shares of the industrial products company’s stock after buying an additional 10,649 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in A. O. Smith were worth $1,802,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. WealthPLAN Partners LLC grew its position in A. O. Smith by 1.3% in the third quarter. WealthPLAN Partners LLC now owns 12,080 shares of the industrial products company’s stock worth $887,000 after acquiring an additional 158 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of A. O. Smith by 17.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 167 shares during the last quarter. True Wealth Design LLC boosted its holdings in A. O. Smith by 37.8% in the third quarter. True Wealth Design LLC now owns 613 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 168 shares in the last quarter. Legacy Capital Wealth Partners LLC boosted its holdings in A. O. Smith by 4.5% in the second quarter. Legacy Capital Wealth Partners LLC now owns 3,972 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 171 shares in the last quarter. Finally, Financial Advocates Investment Management increased its position in A. O. Smith by 2.5% during the second quarter. Financial Advocates Investment Management now owns 7,040 shares of the industrial products company’s stock worth $462,000 after buying an additional 175 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price target on shares of A. O. Smith in a research report on Thursday, November 13th. Stifel Nicolaus set a $85.00 target price on A. O. Smith and gave the stock a “buy” rating in a research report on Friday, January 30th. Wall Street Zen downgraded A. O. Smith from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Robert W. Baird set a $77.00 price target on shares of A. O. Smith in a research report on Friday, January 30th. Finally, The Goldman Sachs Group set a $69.00 price objective on shares of A. O. Smith and gave the stock a “sell” rating in a report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, A. O. Smith presently has an average rating of “Hold” and a consensus target price of $77.00.

A. O. Smith Stock Down 3.0%

Shares of AOS stock opened at $73.36 on Thursday. A. O. Smith Corporation has a 12 month low of $58.83 and a 12 month high of $81.86. The company has a quick ratio of 0.94, a current ratio of 1.50 and a debt-to-equity ratio of 0.06. The firm has a market cap of $10.14 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.56 and a beta of 1.33. The stock has a 50 day moving average of $73.76 and a 200-day moving average of $70.83.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Thursday, January 29th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 14.26% and a return on equity of 29.51%. A. O. Smith’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. On average, equities analysts predict that A. O. Smith Corporation will post 3.76 EPS for the current year.

A. O. Smith Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.0%. A. O. Smith’s dividend payout ratio is currently 37.31%.

Insider Buying and Selling at A. O. Smith

In related news, SVP Darrell W. Schuh sold 1,104 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $74.39, for a total transaction of $82,126.56. Following the transaction, the senior vice president directly owned 2,201 shares in the company, valued at $163,732.39. The trade was a 33.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.76% of the company’s stock.

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.