A. O. Smith Co. (NYSE:AOS) Stock Holdings Cut by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its position in A. O. Smith Co. (NYSE:AOS) by 2.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,164 shares of the industrial products company’s stock after selling 902 shares during the period. Mackenzie Financial Corp’s holdings in A. O. Smith were worth $3,229,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. raised its position in A. O. Smith by 4.7% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,230 shares of the industrial products company’s stock worth $214,000 after acquiring an additional 145 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in A. O. Smith by 3.2% during the third quarter. Avantax Advisory Services Inc. now owns 4,762 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 148 shares during the last quarter. PAX Financial Group LLC boosted its holdings in A. O. Smith by 1.7% during the third quarter. PAX Financial Group LLC now owns 10,773 shares of the industrial products company’s stock worth $712,000 after buying an additional 179 shares in the last quarter. Addison Advisors LLC grew its position in A. O. Smith by 36.1% in the third quarter. Addison Advisors LLC now owns 712 shares of the industrial products company’s stock worth $47,000 after buying an additional 189 shares during the last quarter. Finally, Guinness Asset Management LTD increased its holdings in shares of A. O. Smith by 2.4% in the third quarter. Guinness Asset Management LTD now owns 8,036 shares of the industrial products company’s stock valued at $531,000 after buying an additional 192 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Insider Buying and Selling

In other A. O. Smith news, Director Idelle K. Wolf sold 814 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total transaction of $65,120.00. Following the transaction, the director now directly owns 46,140 shares in the company, valued at $3,691,200. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Idelle K. Wolf sold 814 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total transaction of $65,120.00. Following the transaction, the director now owns 46,140 shares of the company’s stock, valued at approximately $3,691,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Heideman sold 9,890 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $84.63, for a total value of $836,990.70. Following the completion of the sale, the vice president now owns 9,455 shares of the company’s stock, valued at $800,176.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,631 shares of company stock worth $8,042,535. Corporate insiders own 2.70% of the company’s stock.

A. O. Smith Trading Up 1.0 %

A. O. Smith stock opened at $86.89 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. A. O. Smith Co. has a 12 month low of $63.88 and a 12 month high of $89.96. The company’s fifty day simple moving average is $85.33 and its 200-day simple moving average is $79.53. The stock has a market cap of $12.79 billion, a P/E ratio of 23.48, a P/E/G ratio of 2.33 and a beta of 1.25.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $988.10 million for the quarter, compared to the consensus estimate of $985.89 million. A. O. Smith had a return on equity of 31.05% and a net margin of 14.45%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. As a group, sell-side analysts forecast that A. O. Smith Co. will post 4.1 EPS for the current fiscal year.

A. O. Smith Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Monday, April 29th. A. O. Smith’s payout ratio is presently 34.59%.

Analyst Ratings Changes

AOS has been the subject of several research reports. Stifel Nicolaus raised their price objective on A. O. Smith from $85.00 to $91.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Jefferies Financial Group lifted their target price on shares of A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Citigroup upped their price target on shares of A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Oppenheimer reiterated a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. Finally, StockNews.com lowered A. O. Smith from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, A. O. Smith currently has an average rating of “Hold” and an average target price of $88.50.

A. O. Smith 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.