3 hours Ago By ABMN Staff
Victory Capital Management Inc. cut its holdings in shares of A. O.
Smith Co. ( NYSE:AOS – Free Report ) by 3.0% during the 4th quarter, Holdings Channel.
com reports. The firm owned 95,587 shares of the industrial products company’s stock after selling 3,007 shares during the quarter. Victory Capital Management Inc.
’s holdings in A. O. Smith were worth $6,520,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Brooklyn Investment Group acquired a new position in shares of A. O.
Smith in the 3rd quarter worth approximately $43,000. Truvestments Capital LLC bought a new position in A. O.
Smith during the third quarter worth $55,000. Huntington National Bank boosted its holdings in A. O.
Smith by 19.8% in the third quarter. Huntington National Bank now owns 812 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 134 shares during the period.
Ridgewood Investments LLC bought a new stake in A. O. Smith during the fourth quarter valued at $60,000.
Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of A. O.
Smith during the third quarter worth $82,000. 76.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In AOS has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of A. O.
Smith from $90.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, January 31st.
Citigroup dropped their price target on A. O. Smith from $78.
00 to $73.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Oppenheimer reduced their price objective on A.
O. Smith from $88.00 to $84.
00 and set an “outperform” rating for the company in a research report on Friday, January 31st. UBS Group dropped their target price on A. O.
Smith from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st.
Finally, Weiss Ratings reissued a “hold (c)” rating on shares of A. O. Smith in a report on Friday, March 7th.
Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, A.
O. Smith currently has an average rating of “Hold” and a consensus price target of $80.86.
A. O. Smith Stock Up 2.
2 % AOS stock opened at $66.91 on Friday. The stock has a market capitalization of $9.
63 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.
18. The company has a 50-day moving average of $67.84 and a two-hundred day moving average of $73.
96. A. O.
Smith Co. has a 52-week low of $64.55 and a 52-week high of $92.
44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.
55 and a quick ratio of 0.96. A.
O. Smith ( NYSE:AOS – Get Free Report ) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.
85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.05).
A. O. Smith had a return on equity of 28.
87% and a net margin of 13.98%. As a group, equities research analysts anticipate that A.
O. Smith Co. will post 3.
76 EPS for the current year. A. O.
Smith Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a $0.34 dividend.
The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.
03%. A. O.
Smith’s payout ratio is presently 37.47%. Insider Buying and Selling In other news, VP Robert J.
Heideman sold 1,026 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $65.65, for a total transaction of $67,356.
90. Following the sale, the vice president now owns 8,889 shares in the company, valued at approximately $583,562.85.
This represents a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
Also, SVP Douglas Samuel Karge sold 419 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $65.65, for a total transaction of $27,507.
35. Following the completion of the sale, the senior vice president now owns 2,749 shares of the company’s stock, valued at $180,471.85.
The trade was a 13.23 % decrease in their position. The disclosure for this sale can be found here .
0.76% of the stock is owned by corporate insiders. About A.
O. Smith ( 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. Featured Articles Want to see what other hedge funds are holding AOS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for A. O. Smith Co.
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