Twinbeech Capital LP Takes $11.43 Million Position in A. O. Smith Co. (NYSE:AOS)

Twinbeech Capital LP bought a new stake in A. O. Smith Co. (NYSE:AOS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 167,613 shares of the industrial products company’s stock, valued at approximately $11,433,000. Twinbeech Capital LP owned approximately 0.12% of A. O. Smith at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of A. O. Smith by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,231,084 shares of the industrial products company’s stock valued at $83,972,000 after buying an additional 12,305 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of A. O. Smith by 7.1% in the 4th quarter. Assetmark Inc. now owns 27,825 shares of the industrial products company’s stock valued at $1,898,000 after buying an additional 1,834 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of A. O. Smith by 124.5% in the 4th quarter. Private Advisor Group LLC now owns 6,694 shares of the industrial products company’s stock valued at $457,000 after buying an additional 3,712 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of A. O. Smith in the 4th quarter valued at $7,015,000. Finally, American Century Companies Inc. boosted its holdings in shares of A. O. Smith by 16.6% in the 4th quarter. American Century Companies Inc. now owns 122,726 shares of the industrial products company’s stock valued at $8,371,000 after buying an additional 17,442 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Stock Down 0.0%

Shares of A. O. Smith stock opened at $70.51 on Tuesday. The company has a market cap of $10.02 billion, a P/E ratio of 19.42, a PEG ratio of 1.46 and a beta of 1.28. 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 one year low of $58.83 and a one year high of $92.45. The firm has a fifty day moving average of $65.78 and a two-hundred day moving average of $68.48.

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

A. O. Smith Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on AOS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of A. O. Smith in a research report on Saturday, May 10th. Citigroup reduced their price target on shares of A. O. Smith from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Oppenheimer reduced their price target on shares of A. O. Smith from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, Robert W. Baird upped their price target on shares of 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.17.

A. O. Smith Company 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.