BerganKDV Wealth Management LLC Acquires 5,257 Shares of A. O. Smith Co. (NYSE:AOS)

BerganKDV Wealth Management LLC grew its position in shares of A. O. Smith Co. (NYSE:AOSGet Rating) by 9.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 63,094 shares of the industrial products company’s stock after acquiring an additional 5,257 shares during the period. BerganKDV Wealth Management LLC’s holdings in A. O. Smith were worth $4,031,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. WASHINGTON TRUST Co grew its holdings in shares of A. O. Smith by 60.4% during the 4th quarter. WASHINGTON TRUST Co now owns 449 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 169 shares during the period. CWM LLC grew its holdings in shares of A. O. Smith by 6.0% during the 1st quarter. CWM LLC now owns 3,401 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 193 shares during the period. Bank of New Hampshire grew its holdings in shares of A. O. Smith by 1.0% during the 1st quarter. Bank of New Hampshire now owns 21,093 shares of the industrial products company’s stock worth $1,348,000 after acquiring an additional 200 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of A. O. Smith by 0.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 79,862 shares of the industrial products company’s stock worth $5,102,000 after acquiring an additional 225 shares during the period. Finally, American International Group Inc. grew its holdings in shares of A. O. Smith by 0.6% during the 4th quarter. American International Group Inc. now owns 40,002 shares of the industrial products company’s stock worth $3,434,000 after acquiring an additional 236 shares during the period. Hedge funds and other institutional investors own 76.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AOS shares. Northcoast Research assumed coverage on A. O. Smith in a report on Monday, July 18th. They set a “buy” rating on the stock. StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a research report on Tuesday, May 17th. Stifel Nicolaus lowered their price target on A. O. Smith from $59.00 to $58.00 in a report on Wednesday, July 20th. UBS Group lowered their price target on A. O. Smith from $85.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, May 20th. Finally, William Blair cut A. O. Smith from an “outperform” rating to a “market perform” rating in a report on Sunday, May 1st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $70.60.

A. O. Smith Price Performance

AOS stock traded down $0.69 during trading on Friday, reaching $60.60. The company’s stock had a trading volume of 547,817 shares, compared to its average volume of 1,023,599. A. O. Smith Co. has a 1 year low of $51.91 and a 1 year high of $86.74. The company has a quick ratio of 1.23, a current ratio of 1.76 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $9.36 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.95 and a beta of 1.19. The company’s fifty day moving average is $57.84 and its 200-day moving average is $63.58.

A. O. Smith (NYSE:AOSGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. A. O. Smith had a return on equity of 28.47% and a net margin of 13.42%. The business had revenue of $965.90 million during the quarter, compared to analyst estimates of $959.82 million. During the same quarter in the prior year, the business posted $0.73 EPS. A. O. Smith’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, research analysts expect that A. O. Smith Co. will post 3.49 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 29th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $1.12 dividend on an annualized basis and a yield of 1.85%. A. O. Smith’s payout ratio is presently 34.36%.

A. O. Smith Profile

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A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump 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; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis 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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