Goldman Sachs Group Inc. lessened its stake in shares of A. O. Smith Corp (NYSE:AOS) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,405,655 shares of the industrial products company’s stock after selling 37,575 shares during the period. Goldman Sachs Group Inc.’s holdings in A. O. Smith were worth $86,139,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of AOS. Tower Research Capital LLC TRC increased its position in A. O. Smith by 70.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock valued at $171,000 after buying an additional 1,150 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in A. O. Smith during the 4th quarter valued at approximately $210,000. Brookmont Capital Management bought a new position in A. O. Smith during the 4th quarter valued at approximately $224,000. Dynamic Technology Lab Private Ltd bought a new position in A. O. Smith during the 3rd quarter valued at approximately $245,000. Finally, Wellington Shields Capital Management LLC bought a new position in A. O. Smith during the 4th quarter valued at approximately $245,000. 74.28% of the stock is owned by institutional investors.
A number of research firms recently weighed in on AOS. Robert W. Baird reaffirmed a “buy” rating and set a $70.00 price objective on shares of A. O. Smith in a research report on Wednesday, January 31st. Zacks Investment Research raised A. O. Smith from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a research report on Wednesday, January 31st. Boenning Scattergood reiterated a “hold” rating on shares of A. O. Smith in a research note on Tuesday, January 30th. BMO Capital Markets reiterated a “buy” rating and set a $78.00 target price on shares of A. O. Smith in a research note on Friday, January 26th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $59.00 target price on shares of A. O. Smith in a research note on Monday, December 11th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $67.83.
In other news, insider Wilfridus M. Brouwer sold 30,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $63.11, for a total value of $1,893,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William P. Greubel sold 17,856 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $66.50, for a total value of $1,187,424.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,635 shares of company stock worth $7,149,622. Company insiders own 1.28% of the company’s stock.
Shares of A. O. Smith Corp (AOS) opened at $65.30 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.87 and a current ratio of 2.24. A. O. Smith Corp has a 52 week low of $49.48 and a 52 week high of $68.39. The company has a market capitalization of $11,299.14, a price-to-earnings ratio of 38.41, a price-to-earnings-growth ratio of 1.92 and a beta of 1.52.
A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $768.60 million for the quarter, compared to the consensus estimate of $767.45 million. A. O. Smith had a return on equity of 23.30% and a net margin of 9.89%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. equities research analysts anticipate that A. O. Smith Corp will post 2.57 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.18 dividend. This is an increase from A. O. Smith’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Tuesday, January 30th. A. O. Smith’s dividend payout ratio (DPR) is 42.35%.
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About A. O. Smith
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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