CI Investments Inc. grew its holdings in shares of A. O. Smith Co. (NYSE:AOS – Get Rating) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,277 shares of the industrial products company’s stock after purchasing an additional 327 shares during the period. CI Investments Inc.’s holdings in A. O. Smith were worth $130,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC acquired a new position in A. O. Smith during the 4th quarter worth approximately $32,000. Belpointe Asset Management LLC acquired a new position in A. O. Smith during the 4th quarter worth approximately $74,000. Archer Investment Corp increased its position in A. O. Smith by 23.1% during the 4th quarter. Archer Investment Corp now owns 1,600 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 300 shares during the period. Covestor Ltd increased its position in A. O. Smith by 48.7% during the 1st quarter. Covestor Ltd now owns 1,721 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 564 shares during the period. Finally, Horizon Bancorp Inc. IN acquired a new position in A. O. Smith during the 4th quarter worth approximately $122,000. Institutional investors and hedge funds own 77.01% of the company’s stock.
A. O. Smith Price Performance
Shares of NYSE:AOS opened at $66.35 on Thursday. The business’s fifty day moving average price is $67.72 and its two-hundred day moving average price is $63.96. The stock has a market cap of $9.98 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.27 and a current ratio of 1.84. A. O. Smith Co. has a one year low of $46.58 and a one year high of $71.87.
A. O. Smith Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 28th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Thursday, April 27th. A. O. Smith’s dividend payout ratio is presently 75.95%.
Analyst Ratings Changes
AOS has been the topic of a number of research reports. TheStreet upgraded A. O. Smith from a “c+” rating to a “b+” rating in a report on Thursday, April 27th. Robert W. Baird upped their price target on A. O. Smith from $70.00 to $78.00 in a report on Friday, April 28th. DA Davidson upped their price target on A. O. Smith from $80.00 to $82.00 in a report on Monday, May 1st. StockNews.com initiated coverage on A. O. Smith in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, Citigroup upped their price target on A. O. Smith from $63.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, February 1st. Two 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $67.13.
Insiders Place Their Bets
In other A. O. Smith news, Director Michael M. Larsen purchased 4,000 shares of A. O. Smith stock in a transaction on Monday, March 6th. The shares were bought at an average price of $66.89 per share, with a total value of $267,560.00. Following the purchase, the director now directly owns 11,425 shares in the company, valued at approximately $764,218.25. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Benjamin A. Otchere sold 4,285 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $70.00, for a total value of $299,950.00. Following the transaction, the vice president now directly owns 547 shares of the company’s stock, valued at approximately $38,290. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael M. Larsen bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was purchased at an average cost of $66.89 per share, for a total transaction of $267,560.00. Following the completion of the transaction, the director now directly owns 11,425 shares in the company, valued at approximately $764,218.25. The disclosure for this purchase can be found here. Corporate 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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