Commonwealth Equity Services LLC grew its holdings in A. O. Smith Co. (NYSE:AOS – Get Rating) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,106 shares of the industrial products company’s stock after buying an additional 4,186 shares during the period. Commonwealth Equity Services LLC owned 0.10% of A. O. Smith worth $8,706,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. U.S. Capital Wealth Advisors LLC acquired a new stake in A. O. Smith during the fourth quarter worth about $32,000. Wipfli Financial Advisors LLC purchased a new stake in A. O. Smith in the third quarter valued at approximately $31,000. Larson Financial Group LLC purchased a new stake in A. O. Smith in the third quarter valued at approximately $66,000. Archer Investment Corp raised its position in A. O. Smith by 23.1% in the fourth quarter. Archer Investment Corp now owns 1,600 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 300 shares during the period. Finally, Covestor Ltd raised its position in A. O. Smith by 48.7% in the first quarter. Covestor Ltd now owns 1,721 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 564 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have commented on AOS. UBS Group downgraded shares of A. O. Smith from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $65.00 to $58.00 in a research note on Tuesday, January 10th. DA Davidson increased their price target on shares of A. O. Smith from $80.00 to $82.00 in a report on Monday, May 1st. Loop Capital cut shares of A. O. Smith from a “buy” rating to a “hold” rating and cut their price target for the stock from $67.00 to $65.00 in a report on Tuesday, January 17th. Stifel Nicolaus upped their target price on shares of A. O. Smith from $58.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, January 20th. Finally, The Goldman Sachs Group upped their target price on shares of A. O. Smith from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Thursday, January 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.13.
A. O. Smith Stock Performance
A. O. Smith (NYSE:AOS – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.17. The company had revenue of $966.40 million for the quarter, compared to the consensus estimate of $922.05 million. A. O. Smith had a net margin of 6.49% and a return on equity of 28.78%. A. O. Smith’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. Analysts expect that A. O. Smith Co. will post 3.48 EPS for the current year.
A. O. Smith Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, April 28th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 27th. A. O. Smith’s dividend payout ratio is presently 75.95%.
Insider Activity
In other A. O. Smith news, Director Michael M. Larsen bought 4,000 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were acquired at an average price of $66.89 per share, with a total value of $267,560.00. Following the purchase, the director now owns 11,425 shares in the company, valued at approximately $764,218.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Robert J. Heideman sold 12,283 shares of A. O. Smith stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $67.31, for a total transaction of $826,768.73. Following the sale, the vice president now owns 11,412 shares of the company’s stock, valued at approximately $768,141.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael M. Larsen acquired 4,000 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were bought at an average cost of $66.89 per share, with a total value of $267,560.00. Following the completion of the acquisition, the director now owns 11,425 shares in the company, valued at $764,218.25. The disclosure for this purchase can be found here. Insiders own 0.70% of the company’s stock.
A. O. Smith Profile
A. O. Smith Corp. manufactures residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. It operates through the North America and Rest of World segments. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, and tanks.
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