Thompson Investment Management Inc. boosted its position in A. O. Smith Corp (NYSE:AOS) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,327 shares of the industrial products company’s stock after purchasing an additional 1,965 shares during the quarter. Thompson Investment Management Inc.’s holdings in A. O. Smith were worth $3,117,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in A. O. Smith by 270.2% in the 3rd quarter. Parallel Advisors LLC now owns 522 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 381 shares during the last quarter. CSat Investment Advisory L.P. raised its stake in A. O. Smith by 67.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,318 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 530 shares during the last quarter. Quadrant Capital Group LLC raised its stake in A. O. Smith by 185.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,537 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 998 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in A. O. Smith by 105.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,010 shares of the industrial products company’s stock valued at $95,000 after buying an additional 1,032 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in A. O. Smith in the 2nd quarter valued at $142,000. 76.04% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Helen E. Gurholt sold 1,263 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $45.82, for a total transaction of $57,870.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Ajita G. Rajendra sold 16,556 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $49.47, for a total value of $819,025.32. Following the transaction, the chairman now owns 78,163 shares of the company’s stock, valued at $3,866,723.61. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.
Several brokerages have issued reports on AOS. TheStreet upgraded A. O. Smith from a “c+” rating to a “b-” rating in a report on Tuesday, September 10th. ValuEngine upgraded A. O. Smith from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Northcoast Research restated a “buy” rating on shares of A. O. Smith in a report on Wednesday, October 2nd. Finally, Rosenblatt Securities began coverage on A. O. Smith in a report on Thursday. They issued a “neutral” rating and a $52.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. A. O. Smith currently has an average rating of “Hold” and a consensus price target of $54.50.
Shares of NYSE AOS traded up $0.21 during mid-day trading on Friday, reaching $52.08. 980,490 shares of the company’s stock were exchanged, compared to its average volume of 1,719,446. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.56 and a beta of 1.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.64 and a current ratio of 2.06. A. O. Smith Corp has a 52-week low of $40.38 and a 52-week high of $56.66. The company’s 50-day moving average is $48.70 and its 200-day moving average is $47.13.
A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $728.20 million during the quarter, compared to analysts’ expectations of $752.61 million. A. O. Smith had a return on equity of 23.66% and a net margin of 13.26%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. As a group, equities analysts predict that A. O. Smith Corp will post 2.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This is a boost from A. O. Smith’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.84%. A. O. Smith’s dividend payout ratio is currently 36.78%.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas 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; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.
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