Hilton Capital Management LLC lifted its holdings in A. O. Smith Corp (NYSE:AOS) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 314,716 shares of the industrial products company’s stock after purchasing an additional 34,649 shares during the quarter. A. O. Smith accounts for approximately 2.9% of Hilton Capital Management LLC’s holdings, making the stock its 9th largest position. Hilton Capital Management LLC owned approximately 0.18% of A. O. Smith worth $19,286,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in shares of A. O. Smith by 70.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 1,150 shares in the last quarter. Zeke Capital Advisors LLC bought a new position in shares of A. O. Smith in the fourth quarter worth $203,000. Commerzbank Aktiengesellschaft FI bought a new position in A. O. Smith during the fourth quarter valued at about $210,000. Brookmont Capital Management bought a new position in A. O. Smith during the fourth quarter valued at about $224,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in A. O. Smith during the third quarter valued at about $245,000. 74.44% of the stock is owned by institutional investors.
In other news, VP Robert J. Heideman sold 11,606 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $61.74, for a total transaction of $716,554.44. Following the completion of the sale, the vice president now directly owns 34,099 shares of the company’s stock, valued at $2,105,272.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William P. Greubel sold 17,856 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were 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 ninety days, insiders have sold 110,635 shares of company stock valued at $7,149,622. 1.28% of the stock is currently owned by company insiders.
Several brokerages recently weighed in on AOS. BMO Capital Markets reaffirmed a “buy” rating and set a $78.00 target price on shares of A. O. Smith in a research note on Friday, January 26th. Zacks Investment Research raised A. O. Smith from a “sell” rating to a “hold” rating and set a $75.00 target price for the company in a research note on Wednesday, January 31st. Robert W. Baird reaffirmed a “buy” rating and set a $70.00 target price on shares of A. O. Smith in a research note on Wednesday, January 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of A. O. Smith in a research note on Tuesday, January 30th. Finally, Stifel Nicolaus reaffirmed 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. A. O. Smith currently has an average rating of “Hold” and an average target price of $67.83.
AOS stock opened at $65.71 on Wednesday. A. O. Smith Corp has a 52 week low of $49.48 and a 52 week high of $68.39. The firm has a market capitalization of $11,182.52, a PE ratio of 38.65, a P/E/G ratio of 1.90 and a beta of 1.52. The company has a current ratio of 2.24, a quick ratio of 1.87 and a debt-to-equity ratio of 0.24.
A. O. Smith (NYSE:AOS) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. A. O. Smith had a return on equity of 23.30% and a net margin of 9.89%. The business had revenue of $768.60 million during the quarter, compared to analysts’ expectations of $767.45 million. During the same quarter last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. equities analysts forecast that A. O. Smith Corp will post 2.57 EPS for the current fiscal year.
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A. O. Smith Profile
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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