Thoroughbred Financial Services LLC lessened its stake in A. O. Smith Corp (NYSE:AOS) by 2.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 9,003 shares of the industrial products company’s stock after selling 248 shares during the period. Thoroughbred Financial Services LLC’s holdings in A. O. Smith were worth $480,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AOS. Bremer Trust National Association bought a new stake in shares of A. O. Smith in the fourth quarter valued at about $26,000. Huntington National Bank raised its position in A. O. Smith by 82.2% in the first quarter. Huntington National Bank now owns 512 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 231 shares in the last quarter. Quantamental Technologies LLC acquired a new position in A. O. Smith in the fourth quarter worth about $33,000. Oregon Public Employees Retirement Fund raised its position in A. O. Smith by 3,884.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,414,865 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 1,379,356 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its position in A. O. Smith by 141.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,006 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 589 shares in the last quarter. Institutional investors and hedge funds own 75.29% of the company’s stock.
Several research firms recently issued reports on AOS. Robert W. Baird increased their price target on shares of A. O. Smith from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a research report on Thursday. Boenning Scattergood lowered shares of A. O. Smith from an “outperform” rating to a “neutral” rating and set a $52.98 price target for the company. in a research report on Wednesday, May 1st. Oppenheimer reissued a “hold” rating on shares of A. O. Smith in a research report on Tuesday, January 29th. Finally, ValuEngine lowered shares of A. O. Smith from a “hold” rating to a “sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $58.12.
Shares of NYSE AOS traded down $1.67 during mid-day trading on Friday, hitting $43.45. 195,002 shares of the stock were exchanged, compared to its average volume of 1,327,397. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.81 and a beta of 1.35. The company has a current ratio of 2.25, a quick ratio of 1.82 and a debt-to-equity ratio of 0.18. A. O. Smith Corp has a twelve month low of $40.34 and a twelve month high of $65.57.
A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). The firm had revenue of $748.20 million for the quarter, compared to analyst estimates of $764.16 million. A. O. Smith had a return on equity of 25.01% and a net margin of 13.81%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. On average, analysts forecast that A. O. Smith Corp will post 2.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, April 29th. A. O. Smith’s payout ratio is 33.72%.
In other news, Director Paul W. Jones sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $49.50, for a total transaction of $49,500.00. Following the completion of the sale, the director now owns 182,266 shares of the company’s stock, valued at $9,022,167. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Paul R. Dana sold 9,010 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $52.76, for a total transaction of $475,367.60. Following the sale, the vice president now directly owns 14,912 shares of the company’s stock, valued at approximately $786,757.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,010 shares of company stock valued at $944,468. Company insiders own 1.03% of the company’s stock.
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A. O. Smith Profile
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.
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