Reliant Investment Management LLC lifted its position in A. O. Smith Corp (NYSE:AOS) by 2.7% in the 4th quarter, HoldingsChannel reports. The fund owned 49,465 shares of the industrial products company’s stock after acquiring an additional 1,300 shares during the quarter. A. O. Smith comprises approximately 2.1% of Reliant Investment Management LLC’s portfolio, making the stock its 26th largest holding. Reliant Investment Management LLC’s holdings in A. O. Smith were worth $3,031,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AOS. Toronto Dominion Bank grew its stake in shares of A. O. Smith by 11.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 191 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of A. O. Smith by 973.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 1,655 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of A. O. Smith in the 2nd quarter worth $124,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of A. O. Smith in the 4th quarter worth $210,000. Finally, Annex Advisory Services LLC bought a new stake in shares of A. O. Smith in the 3rd quarter worth $214,000. Hedge funds and other institutional investors own 75.19% of the company’s stock.
Several analysts have recently issued reports on AOS shares. Robert W. Baird reiterated a “buy” rating and issued a $68.00 target price on shares of A. O. Smith in a research note on Friday, October 27th. Zacks Investment Research lowered shares of A. O. Smith from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. SunTrust Banks reiterated a “buy” rating and issued a $65.00 target price on shares of A. O. Smith in a research note on Thursday, October 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $59.00 target price on shares of A. O. Smith in a research note on Monday, December 11th. Finally, Boenning Scattergood lowered shares of A. O. Smith from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 25th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $67.83.
A. O. Smith Corp (NYSE:AOS) opened at $60.24 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.24. The firm has a market cap of $10,783.32, a PE ratio of 35.44, a P/E/G ratio of 1.83 and a beta of 1.53. A. O. Smith Corp has a fifty-two week low of $48.92 and a fifty-two week high of $68.39.
A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The company had revenue of $768.60 million for the quarter, compared to the consensus estimate of $767.45 million. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. analysts predict that A. O. Smith Corp will post 2.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.18 dividend. This is an increase from A. O. Smith’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, January 30th. A. O. Smith’s payout ratio is 42.35%.
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About A. O. Smith
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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