MassMutual Private Wealth & Trust FSB lifted its position in A. O. Smith Co. (NYSE:AOS – Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,252 shares of the industrial products company’s stock after acquiring an additional 1,891 shares during the period. MassMutual Private Wealth & Trust FSB owned 0.15% of A. O. Smith worth $14,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new position in A. O. Smith in the 2nd quarter valued at $25,000. Quarry LP raised its position in shares of A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after buying an additional 245 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in shares of A. O. Smith in the third quarter worth about $32,000. Wolff Wiese Magana LLC acquired a new position in A. O. Smith during the third quarter worth about $37,000. Finally, Brooklyn Investment Group acquired a new stake in A. O. Smith in the 3rd quarter valued at about $43,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have weighed in on AOS. Citigroup decreased their target price on shares of A. O. Smith from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of A. O. Smith in a research report on Saturday. DA Davidson cut A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price for the company. in a report on Wednesday, October 23rd. Oppenheimer raised shares of A. O. Smith from a “market perform” rating to an “outperform” rating and set a $88.00 price objective for the company in a report on Tuesday, January 14th. Finally, UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $83.14.
A. O. Smith Trading Up 0.7 %
Shares of AOS stock opened at $71.87 on Monday. A. O. Smith Co. has a 1-year low of $67.17 and a 1-year high of $92.44. The firm has a market cap of $10.42 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.68 and a beta of 1.18. The company has a 50-day moving average of $71.23 and a two-hundred day moving average of $78.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02.
A. O. Smith (NYSE:AOS – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.82. The firm had revenue of $957.80 million during the quarter, compared to analysts’ expectations of $960.36 million. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. During the same quarter last year, the company posted $0.90 EPS. On average, analysts predict that A. O. Smith Co. will post 3.77 EPS for the current year.
A. O. Smith Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.34 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.36 annualized dividend and a dividend yield of 1.89%. A. O. Smith’s dividend payout ratio is presently 35.79%.
A. O. Smith Company Profile
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.
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