Creative Planning bought a new stake in A. O. Smith Corp (NYSE:AOS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,069 shares of the industrial products company’s stock, valued at approximately $217,000.
Several other hedge funds have also modified their holdings of AOS. Norges Bank purchased a new position in shares of A. O. Smith in the 4th quarter valued at $122,493,000. Two Sigma Investments LP raised its stake in shares of A. O. Smith by 432.1% in the 4th quarter. Two Sigma Investments LP now owns 2,075,448 shares of the industrial products company’s stock valued at $88,622,000 after acquiring an additional 1,685,430 shares during the period. Two Sigma Advisers LP raised its stake in shares of A. O. Smith by 676.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,910,897 shares of the industrial products company’s stock valued at $81,595,000 after acquiring an additional 1,664,800 shares during the period. Impax Asset Management Group plc raised its stake in shares of A. O. Smith by 51.1% in the 4th quarter. Impax Asset Management Group plc now owns 4,283,691 shares of the industrial products company’s stock valued at $182,914,000 after acquiring an additional 1,448,313 shares during the period. Finally, Ceredex Value Advisors LLC raised its stake in shares of A. O. Smith by 285.2% in the 4th quarter. Ceredex Value Advisors LLC now owns 1,925,958 shares of the industrial products company’s stock valued at $82,239,000 after acquiring an additional 1,426,033 shares during the period. 74.84% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. ValuEngine raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Robert W. Baird raised their target price on shares of A. O. Smith from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Boenning Scattergood downgraded shares of A. O. Smith from an “outperform” rating to a “neutral” rating and set a $52.98 target price on the stock. in a research note on Wednesday, May 1st. Finally, KeyCorp raised their target price on shares of A. O. Smith from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $58.12.
A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). A. O. Smith had a return on equity of 25.01% and a net margin of 13.81%. The firm had revenue of $748.20 million for the quarter, compared to analysts’ expectations of $764.16 million. During the same period last year, the firm earned $0.60 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. On average, equities analysts expect that A. O. Smith Corp will post 2.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Monday, April 29th. A. O. Smith’s dividend payout ratio (DPR) is 33.72%.
In other A. O. Smith news, VP Paul R. Dana sold 9,010 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $52.76, for a total transaction of $475,367.60. Following the completion of the transaction, the vice president now directly owns 14,912 shares of the company’s stock, valued at approximately $786,757.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald D. Brown sold 8,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $52.45, for a total transaction of $419,600.00. Following the transaction, the director now directly owns 35,896 shares of the company’s stock, valued at $1,882,745.20. The disclosure for this sale can be found here. Insiders have sold a total of 18,010 shares of company stock worth $944,468 in the last ninety days. 1.03% of the stock is currently owned by insiders.
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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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