Siemens Fonds Invest GmbH Acquires 1,209 Shares of A. O. Smith Co. (NYSE:AOS)

Siemens Fonds Invest GmbH raised its holdings in A. O. Smith Co. (NYSE:AOS) by 52.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,496 shares of the industrial products company’s stock after acquiring an additional 1,209 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in A. O. Smith were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of AOS. New Age Alpha Advisors LLC purchased a new stake in shares of A. O. Smith in the 4th quarter worth $66,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of A. O. Smith in the 4th quarter worth $84,000. Signaturefd LLC lifted its holdings in shares of A. O. Smith by 40.0% in the 4th quarter. Signaturefd LLC now owns 1,299 shares of the industrial products company’s stock worth $89,000 after buying an additional 371 shares during the period. Mufg Securities Americas Inc. purchased a new stake in shares of A. O. Smith in the 4th quarter worth $120,000. Finally, Mutual Advisors LLC purchased a new stake in shares of A. O. Smith in the 4th quarter worth $209,000. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Trading Up 1.6%

Shares of NYSE AOS opened at $70.51 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 0.96. The stock has a market capitalization of $10.02 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28. A. O. Smith Co. has a 1-year low of $58.83 and a 1-year high of $92.45. The business has a fifty day moving average price of $65.68 and a 200 day moving average price of $68.51.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. A. O. Smith had a return on equity of 28.87% and a net margin of 13.98%. The firm had revenue of $963.90 million during the quarter, compared to analysts’ expectations of $950.56 million. During the same period in the prior year, the business posted $1.00 EPS. The firm’s quarterly revenue 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 fiscal year.

A. O. Smith Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Wednesday, April 30th. A. O. Smith’s dividend payout ratio (DPR) is presently 37.99%.

Wall Street Analysts Forecast Growth

AOS has been the subject of several research reports. Oppenheimer lowered their target price on A. O. Smith from $88.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Robert W. Baird upped their target price on A. O. Smith from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. Stifel Nicolaus upped their target price on A. O. Smith from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Citigroup lowered their target price on A. O. Smith from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, UBS Group lowered their target price on A. O. Smith from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $76.17.

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.