A. O. Smith Co. (NYSE:AOS) Stock Holdings Increased by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in A. O. Smith Co. (NYSE:AOSFree Report) by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,645 shares of the industrial products company’s stock after purchasing an additional 817 shares during the quarter. Blue Trust Inc.’s holdings in A. O. Smith were worth $590,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AOS. State Street Corp grew its position in A. O. Smith by 4.0% in the 3rd quarter. State Street Corp now owns 7,721,581 shares of the industrial products company’s stock valued at $693,630,000 after buying an additional 299,766 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of A. O. Smith by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company’s stock worth $321,348,000 after acquiring an additional 52,593 shares during the period. Fisher Asset Management LLC increased its stake in shares of A. O. Smith by 3.9% during the third quarter. Fisher Asset Management LLC now owns 2,302,659 shares of the industrial products company’s stock valued at $206,848,000 after acquiring an additional 87,458 shares during the period. KBC Group NV increased its stake in shares of A. O. Smith by 1.8% during the third quarter. KBC Group NV now owns 1,176,835 shares of the industrial products company’s stock valued at $105,715,000 after acquiring an additional 21,094 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in A. O. Smith by 7.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,137,184 shares of the industrial products company’s stock worth $102,153,000 after purchasing an additional 83,495 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AOS has been the topic of a number of research reports. DA Davidson downgraded A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research note on Wednesday, October 23rd. Oppenheimer upgraded shares of A. O. Smith from a “market perform” rating to an “outperform” rating and set a $88.00 price target on the stock in a research report on Tuesday, January 14th. Stifel Nicolaus reduced their price objective on shares of A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of A. O. Smith in a report on Saturday, January 18th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $83.14.

Check Out Our Latest Research Report on A. O. Smith

A. O. Smith Trading Down 2.7 %

A. O. Smith stock opened at $67.39 on Friday. A. O. Smith Co. has a 52 week low of $65.53 and a 52 week high of $92.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.47 and a beta of 1.18. The company has a 50 day moving average price of $70.84 and a 200 day moving average price of $77.53.

A. O. Smith (NYSE:AOSGet Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. Research analysts forecast that A. O. Smith Co. will post 3.77 EPS for the current year.

A. O. Smith Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, January 31st. A. O. Smith’s dividend payout ratio is currently 35.79%.

About A. O. Smith

(Free Report)

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.

See Also

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

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