Candriam Luxembourg S.C.A. Takes Position in A. O. Smith Corp (NYSE:AOS)

Candriam Luxembourg S.C.A. acquired a new position in shares of A. O. Smith Corp (NYSE:AOS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,086 shares of the industrial products company’s stock, valued at approximately $303,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its stake in shares of A. O. Smith by 13.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,171 shares of the industrial products company’s stock worth $596,000 after purchasing an additional 1,293 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of A. O. Smith by 37.3% in the third quarter. JPMorgan Chase & Co. now owns 473,359 shares of the industrial products company’s stock worth $25,263,000 after acquiring an additional 128,627 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of A. O. Smith in the third quarter worth approximately $282,000. AXA boosted its position in shares of A. O. Smith by 35.5% in the third quarter. AXA now owns 119,265 shares of the industrial products company’s stock worth $6,365,000 after acquiring an additional 31,222 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of A. O. Smith by 9.0% in the third quarter. PNC Financial Services Group Inc. now owns 38,496 shares of the industrial products company’s stock worth $2,054,000 after acquiring an additional 3,187 shares during the last quarter. Hedge funds and other institutional investors own 76.76% of the company’s stock.

A. O. Smith stock traded up $0.49 during midday trading on Friday, hitting $56.49. The company’s stock had a trading volume of 822,224 shares, compared to its average volume of 973,979. The stock has a market cap of $9.60 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.97 and a beta of 1.39. A. O. Smith Corp has a 12 month low of $40.34 and a 12 month high of $65.89. The company has a current ratio of 2.09, a quick ratio of 1.70 and a debt-to-equity ratio of 0.13.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business had revenue of $812.50 million during the quarter, compared to analysts’ expectations of $821.35 million. A. O. Smith had a return on equity of 26.00% and a net margin of 13.93%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. On average, equities analysts predict that A. O. Smith Corp will post 2.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.56%. A. O. Smith’s payout ratio is 33.72%.

In other news, SVP Paul R. Dana sold 4,836 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $49.50, for a total transaction of $239,382.00. Following the completion of the transaction, the senior vice president now directly owns 5,891 shares in the company, valued at approximately $291,604.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Wallace E. Goodwin sold 13,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $50.02, for a total value of $660,264.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,036 shares of company stock valued at $1,879,646. Corporate insiders own 1.03% of the company’s stock.

A number of brokerages have weighed in on AOS. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. ValuEngine raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Robert W. Baird upped their price objective on shares of A. O. Smith from $56.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. KeyCorp upped their price objective on shares of A. O. Smith from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, March 12th. Finally, BMO Capital Markets downgraded shares of A. O. Smith from an “outperform” rating to a “market perform” rating and set a $53.00 price objective for the company. in a report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $62.70.

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A. O. Smith Profile

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

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