FDx Advisors Inc. raised its stake in shares of A. O. Smith Corp (NYSE:AOS) by 12.6% in the 4th quarter, Holdings Channel reports. The firm owned 33,068 shares of the industrial products company’s stock after acquiring an additional 3,709 shares during the period. FDx Advisors Inc.’s holdings in A. O. Smith were worth $2,026,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its holdings in shares of A. O. Smith by 11.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 191 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of A. O. Smith by 70.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 1,150 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in shares of A. O. Smith during the 4th quarter valued at about $210,000. Annex Advisory Services LLC bought a new position in shares of A. O. Smith during the 3rd quarter valued at about $214,000. Finally, Wellington Shields Capital Management LLC bought a new position in shares of A. O. Smith during the 4th quarter valued at about $245,000. 74.18% of the stock is owned by institutional investors and hedge funds.
A. O. Smith Corp (NYSE AOS) opened at $66.41 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.24 and a quick ratio of 1.87. A. O. Smith Corp has a 1-year low of $49.19 and a 1-year high of $68.39. The company has a market cap of $11,271.60, a PE ratio of 39.06, a P/E/G ratio of 1.92 and a beta of 1.53.
A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. The firm had revenue of $768.60 million during the quarter, compared to the consensus estimate of $767.45 million. During the same quarter last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. research analysts expect that A. O. Smith Corp will post 2.57 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.18 dividend. This is an increase from A. O. Smith’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, January 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.08%. A. O. Smith’s dividend payout ratio (DPR) is presently 42.35%.
In related news, CEO Ajita G. Rajendra sold 15,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $61.81, for a total value of $927,150.00. Following the sale, the chief executive officer now directly owns 299,369 shares of the company’s stock, valued at approximately $18,503,997.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Ajita G. Rajendra sold 5,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $66.55, for a total transaction of $332,750.00. Following the completion of the sale, the chairman now directly owns 301,018 shares in the company, valued at $20,032,747.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,649 shares of company stock valued at $8,171,840. 1.27% of the stock is owned by insiders.
Several research firms have commented on AOS. BMO Capital Markets reissued a “buy” rating and set a $78.00 price objective on shares of A. O. Smith in a report on Friday, January 26th. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating and set a $75.00 price target for the company in a report on Wednesday, January 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $70.00 price target on shares of A. O. Smith in a report on Wednesday, January 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of A. O. Smith in a report on Tuesday, January 30th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $59.00 price target on shares of A. O. Smith in a report on Monday, December 11th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $67.83.
A. O. Smith Profile
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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