Quantinno Capital Management LP Purchases 36,234 Shares of A. O. Smith Co. (NYSE:AOS)

Quantinno Capital Management LP boosted its position in A. O. Smith Co. (NYSE:AOS) by 162.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,489 shares of the industrial products company’s stock after purchasing an additional 36,234 shares during the quarter. Quantinno Capital Management LP’s holdings in A. O. Smith were worth $3,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of AOS. Gateway Investment Advisers LLC raised its position in shares of A. O. Smith by 99.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 5,975 shares of the industrial products company’s stock worth $408,000 after buying an additional 2,986 shares in the last quarter. Annex Advisory Services LLC increased its stake in A. O. Smith by 48.0% in the 4th quarter. Annex Advisory Services LLC now owns 232,047 shares of the industrial products company’s stock worth $15,828,000 after acquiring an additional 75,281 shares during the last quarter. Guinness Asset Management LTD increased its stake in A. O. Smith by 16.8% in the 4th quarter. Guinness Asset Management LTD now owns 7,531 shares of the industrial products company’s stock worth $514,000 after acquiring an additional 1,082 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of A. O. Smith by 0.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 213,252 shares of the industrial products company’s stock valued at $14,546,000 after acquiring an additional 1,891 shares in the last quarter. Finally, Perpetual Ltd boosted its position in shares of A. O. Smith by 10.4% during the 4th quarter. Perpetual Ltd now owns 118,624 shares of the industrial products company’s stock valued at $8,091,000 after acquiring an additional 11,128 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AOS. Stifel Nicolaus raised their target price on shares of A. O. Smith from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. UBS Group decreased their price target on shares of A. O. Smith from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Citigroup dropped their price objective on shares of A. O. Smith from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of A. O. Smith in a research report on Saturday, May 10th. Finally, Robert W. Baird raised their price target on A. O. Smith from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, A. O. Smith currently has a consensus rating of “Hold” and a consensus target price of $76.17.

A. O. Smith Price Performance

Shares of A. O. Smith stock opened at $70.51 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 1.55. A. O. Smith Co. has a 52-week low of $58.83 and a 52-week high of $92.45. The company has a fifty day moving average of $65.68 and a 200-day moving average of $68.51. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. A. O. Smith had a net margin of 13.98% and a return on equity of 28.87%. The business had revenue of $963.90 million during the quarter, compared to the consensus estimate of $950.56 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts expect that A. O. Smith Co. will post 3.76 EPS for the current year.

A. O. Smith Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Wednesday, April 30th. A. O. Smith’s dividend payout ratio is presently 37.99%.

About A. O. Smith

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.