Zevin Asset Management LLC lessened its position in shares of A. O. Smith Corp (NYSE:AOS) by 13.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,582 shares of the industrial products company’s stock after selling 1,480 shares during the period. Zevin Asset Management LLC’s holdings in A. O. Smith were worth $457,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in shares of A. O. Smith by 270.2% in the third quarter. Parallel Advisors LLC now owns 522 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 381 shares during the period. CSat Investment Advisory L.P. grew its position in shares of A. O. Smith by 67.3% in the second quarter. CSat Investment Advisory L.P. now owns 1,318 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 530 shares during the period. Quadrant Capital Group LLC grew its position in shares of A. O. Smith by 185.2% in the third quarter. Quadrant Capital Group LLC now owns 1,537 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 998 shares during the period. Parkside Financial Bank & Trust grew its position in shares of A. O. Smith by 105.5% in the second quarter. Parkside Financial Bank & Trust now owns 2,010 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 1,032 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of A. O. Smith in the second quarter valued at about $142,000. Institutional investors own 76.04% of the company’s stock.
AOS traded up $0.21 on Friday, reaching $52.08. 949,370 shares of the company’s stock were exchanged, compared to its average volume of 1,719,446. The stock has a market cap of $8.53 billion, a PE ratio of 19.95, a P/E/G ratio of 2.56 and a beta of 1.51. A. O. Smith Corp has a twelve month low of $40.38 and a twelve month high of $56.66. The stock’s fifty day moving average price is $48.77 and its 200-day moving average price is $47.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.64.
A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $728.20 million for the quarter, compared to analyst estimates of $752.61 million. A. O. Smith had a net margin of 13.26% and a return on equity of 23.66%. A. O. Smith’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, research analysts predict that A. O. Smith Corp will post 2.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, October 30th. This is an increase from A. O. Smith’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 1.84%. A. O. Smith’s payout ratio is 36.78%.
In other A. O. Smith news, VP Helen E. Gurholt sold 1,263 shares of A. O. Smith stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $45.82, for a total transaction of $57,870.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Ajita G. Rajendra sold 16,556 shares of A. O. Smith stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $49.47, for a total transaction of $819,025.32. Following the transaction, the chairman now directly owns 78,163 shares in the company, valued at $3,866,723.61. The disclosure for this sale can be found here. 1.03% of the stock is owned by insiders.
AOS has been the topic of a number of recent research reports. Northcoast Research restated a “buy” rating on shares of A. O. Smith in a research report on Wednesday, October 2nd. TheStreet upgraded shares of A. O. Smith from a “c+” rating to a “b-” rating in a research report on Tuesday, September 10th. Rosenblatt Securities initiated coverage on shares of A. O. Smith in a research report on Thursday. They set a “neutral” rating and a $52.00 price target on the stock. Finally, ValuEngine upgraded shares of A. O. Smith from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. A. O. Smith presently has a consensus rating of “Hold” and a consensus target price of $54.50.
A. O. Smith Company 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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