United Asset Strategies Inc. lifted its stake in A. O. Smith Co. (NYSE:AOS – Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,198 shares of the industrial products company’s stock after buying an additional 293 shares during the period. United Asset Strategies Inc.’s holdings in A. O. Smith were worth $627,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. KBC Group NV grew its holdings in shares of A. O. Smith by 40.1% during the 4th quarter. KBC Group NV now owns 1,648,825 shares of the industrial products company’s stock worth $112,467,000 after purchasing an additional 471,990 shares in the last quarter. Blue Trust Inc. boosted its stake in A. O. Smith by 10.4% during the fourth quarter. Blue Trust Inc. now owns 8,645 shares of the industrial products company’s stock worth $590,000 after buying an additional 817 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in A. O. Smith by 24.2% in the 4th quarter. Cornerstone Wealth Management LLC now owns 5,935 shares of the industrial products company’s stock valued at $405,000 after buying an additional 1,155 shares during the period. Inspire Investing LLC raised its stake in shares of A. O. Smith by 7.5% in the 4th quarter. Inspire Investing LLC now owns 16,533 shares of the industrial products company’s stock valued at $1,128,000 after buying an additional 1,155 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new stake in shares of A. O. Smith during the 4th quarter valued at about $209,000. 76.10% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. DA Davidson downgraded A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price for the company. in a research report on Wednesday, October 23rd. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and upped their price target for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Stifel Nicolaus cut their price objective on A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Finally, StockNews.com lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, A. O. Smith currently has an average rating of “Hold” and an average price target of $83.14.
Check Out Our Latest Stock Report on AOS
A. O. Smith Trading Up 1.3 %
Shares of NYSE AOS opened at $71.50 on Tuesday. A. O. Smith Co. has a 1-year low of $67.17 and a 1-year high of $92.44. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $71.04 and a two-hundred day moving average of $77.79. The company has a market cap of $10.37 billion, a PE ratio of 18.82, a P/E/G ratio of 1.47 and a beta of 1.18.
A. O. Smith Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, January 31st. A. O. Smith’s dividend payout ratio is 35.79%.
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.
See Also
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