A. O. Smith Co. (NYSE:AOS) Shares Purchased by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC boosted its stake in shares of A. O. Smith Co. (NYSE:AOS) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,280 shares of the industrial products company’s stock after acquiring an additional 345 shares during the quarter. Snowden Capital Advisors LLC’s holdings in A. O. Smith were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new position in A. O. Smith during the fourth quarter worth about $66,000. Canada Post Corp Registered Pension Plan acquired a new position in A. O. Smith during the 4th quarter worth approximately $84,000. Signaturefd LLC increased its position in A. O. Smith by 40.0% during the 4th quarter. Signaturefd LLC now owns 1,299 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 371 shares during the period. Mufg Securities Americas Inc. purchased a new position in shares of A. O. Smith during the 4th quarter worth approximately $120,000. Finally, Headlands Technologies LLC acquired a new stake in shares of A. O. Smith in the 4th quarter valued at approximately $201,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. StockNews.com upgraded A. O. Smith from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Robert W. Baird boosted their target price on shares of A. O. Smith from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of A. O. Smith in a research note on Saturday, May 10th. Stifel Nicolaus increased their price target on shares of A. O. Smith from $75.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Finally, UBS Group decreased their price objective 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $76.17.

A. O. Smith Stock Down 1.3%

AOS opened at $69.58 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 1.55. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.46 and a beta of 1.28. A. O. Smith Co. has a one year low of $58.83 and a one year high of $92.45. The business’s fifty day moving average is $65.86 and its two-hundred day moving average is $68.48.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $963.90 million during the quarter, compared to the consensus estimate of $950.56 million. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue was down 1.5% on a year-over-year basis. Analysts anticipate that A. O. Smith Co. will post 3.76 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, April 30th. A. O. Smith’s payout ratio is currently 37.99%.

A. O. Smith Profile

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.