Atwater Malick LLC Has $5.15 Million Holdings in A. O. Smith Co. (NYSE:AOS)

Atwater Malick LLC lifted its stake in shares of A. O. Smith Co. (NYSE:AOS) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,282 shares of the industrial products company’s stock after purchasing an additional 2,563 shares during the period. A. O. Smith makes up about 2.7% of Atwater Malick LLC’s investment portfolio, making the stock its 21st biggest position. Atwater Malick LLC’s holdings in A. O. Smith were worth $5,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in AOS. FMR LLC lifted its position in shares of A. O. Smith by 51.9% during the first quarter. FMR LLC now owns 813,266 shares of the industrial products company’s stock worth $43,364,000 after purchasing an additional 277,862 shares in the last quarter. State of Wisconsin Investment Board lifted its position in shares of A. O. Smith by 29.7% during the first quarter. State of Wisconsin Investment Board now owns 125,629 shares of the industrial products company’s stock worth $8,494,000 after purchasing an additional 28,731 shares in the last quarter. Amundi Asset Management US Inc. lifted its position in shares of A. O. Smith by 9.4% during the first quarter. Amundi Asset Management US Inc. now owns 235,998 shares of the industrial products company’s stock worth $15,955,000 after purchasing an additional 20,366 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of A. O. Smith during the first quarter worth approximately $722,000. Finally, Principal Financial Group Inc. raised its stake in shares of A. O. Smith by 10.6% during the first quarter. Principal Financial Group Inc. now owns 218,179 shares of the industrial products company’s stock worth $14,752,000 after buying an additional 20,934 shares during the last quarter. Institutional investors own 74.90% of the company’s stock.

In other news, Director Ajita G. Rajendra sold 48,752 shares of the firm’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $83.19, for a total transaction of $4,055,678.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ajita G. Rajendra sold 44,620 shares of the firm’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $82.29, for a total transaction of $3,671,779.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,055 shares of company stock valued at $9,127,139. Corporate insiders own 1.04% of the company’s stock.

A number of research firms recently weighed in on AOS. Loop Capital began coverage on shares of A. O. Smith in a research note on Monday. They set a “buy” rating and a $100.00 price target for the company. Zacks Investment Research raised shares of A. O. Smith from a “hold” rating to a “strong-buy” rating and set a $86.00 target price for the company in a research note on Tuesday, November 2nd. Finally, Robert W. Baird raised shares of A. O. Smith from a “neutral” rating to an “outperform” rating and upped their target price for the company from $82.00 to $85.00 in a research note on Tuesday, October 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, A. O. Smith has a consensus rating of “Buy” and an average target price of $77.67.

AOS traded down $0.06 during trading hours on Thursday, hitting $82.39. 846,838 shares of the company’s stock were exchanged, compared to its average volume of 1,069,536. A. O. Smith Co. has a 1-year low of $52.08 and a 1-year high of $83.60. The stock’s 50-day moving average is $70.38 and its two-hundred day moving average is $70.40. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 3.14 and a beta of 1.16. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.05.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Wednesday, October 27th. The industrial products company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. The firm had revenue of $914.60 million during the quarter, compared to analysts’ expectations of $854.31 million. A. O. Smith had a net margin of 13.84% and a return on equity of 25.24%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 earnings per share. On average, equities research analysts anticipate that A. O. Smith Co. will post 2.92 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 15th. Shareholders of record on Friday, October 29th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, October 28th. This represents a $1.12 dividend on an annualized basis and a yield of 1.36%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.26. A. O. Smith’s dividend payout ratio (DPR) is currently 38.75%.

A. O. Smith Profile

A. O. Smith Corp. manufactures residential and commercial gas and electric water heaters, boilers, tanks and water treatment products. It operates through the following two segments: North America and Rest of World. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks.

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

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