A. O. Smith Co. (NYSE:AOS) Holdings Raised by PAX Financial Group LLC

PAX Financial Group LLC lifted its stake in shares of A. O. Smith Co. (NYSE:AOSGet Rating) by 11.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,893 shares of the industrial products company’s stock after purchasing an additional 1,029 shares during the quarter. PAX Financial Group LLC’s holdings in A. O. Smith were worth $632,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in A. O. Smith in the fourth quarter worth about $174,051,000. State Street Corp raised its position in A. O. Smith by 9.3% in the fourth quarter. State Street Corp now owns 8,910,065 shares of the industrial products company’s stock worth $764,929,000 after acquiring an additional 754,557 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in A. O. Smith in the first quarter worth about $24,993,000. Robeco Institutional Asset Management B.V. raised its position in A. O. Smith by 16.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 2,332,888 shares of the industrial products company’s stock worth $149,048,000 after acquiring an additional 330,660 shares in the last quarter. Finally, American Century Companies Inc. raised its position in A. O. Smith by 1,507.6% in the fourth quarter. American Century Companies Inc. now owns 273,232 shares of the industrial products company’s stock worth $23,457,000 after acquiring an additional 256,236 shares in the last quarter. 76.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on AOS. Northcoast Research began coverage on A. O. Smith in a report on Monday, July 18th. They set a “buy” rating on the stock. William Blair downgraded A. O. Smith from an “outperform” rating to a “market perform” rating in a report on Sunday, May 1st. Stifel Nicolaus cut their price objective on A. O. Smith from $59.00 to $58.00 in a report on Wednesday, July 20th. UBS Group cut their price objective on A. O. Smith from $85.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, May 20th. Finally, Robert W. Baird downgraded A. O. Smith from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $72.00 to $60.00 in a report on Thursday, July 14th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $70.60.

A. O. Smith Trading Up 0.4 %

NYSE:AOS opened at $64.33 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.76 and a quick ratio of 1.23. A. O. Smith Co. has a fifty-two week low of $51.91 and a fifty-two week high of $86.74. The stock’s 50-day moving average is $58.05 and its two-hundred day moving average is $62.79. The stock has a market cap of $9.94 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19.

A. O. Smith (NYSE:AOSGet Rating) last released its earnings results on Thursday, July 28th. The industrial products company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. A. O. Smith had a return on equity of 28.47% and a net margin of 13.42%. The company had revenue of $965.90 million for the quarter, compared to analysts’ expectations of $959.82 million. During the same quarter in the previous year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities research analysts forecast that A. O. Smith Co. will post 3.49 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $1.12 annualized dividend and a dividend yield of 1.74%. A. O. Smith’s payout ratio is 34.36%.

A. O. Smith Profile

(Get Rating)

A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices.

Further Reading

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Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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