Atwater Malick LLC Has $7.61 Million Stake in A. O. Smith Co. (NYSE:AOS)

Atwater Malick LLC lowered its position in A. O. Smith Co. (NYSE:AOS) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,594 shares of the industrial products company’s stock after selling 400 shares during the period. A. O. Smith accounts for 2.6% of Atwater Malick LLC’s portfolio, making the stock its 16th largest holding. Atwater Malick LLC’s holdings in A. O. Smith were worth $7,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AOS. University of Texas Texas AM Investment Management Co. acquired a new position in shares of A. O. Smith during the 2nd quarter worth $25,000. Quarry LP boosted its holdings in A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 245 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in A. O. Smith in the third quarter worth $32,000. Wolff Wiese Magana LLC acquired a new position in A. O. Smith during the third quarter worth $37,000. Finally, Brooklyn Investment Group acquired a new stake in shares of A. O. Smith in the third quarter worth about $43,000. Institutional investors own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a report on Wednesday, October 23rd. Stifel Nicolaus lowered their price target on A. O. Smith from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Robert W. Baird reduced their price objective on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. StockNews.com lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Citigroup cut their target price on shares of A. O. Smith from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $83.14.

A. O. Smith Price Performance

NYSE:AOS opened at $71.87 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02. The stock has a market cap of $10.42 billion, a P/E ratio of 18.91, a PEG ratio of 1.68 and a beta of 1.18. The company has a fifty day moving average price of $71.23 and a 200 day moving average price of $78.28. A. O. Smith Co. has a one year low of $67.17 and a one year high of $92.44.

A. O. Smith (NYSE:AOS) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The business had revenue of $957.80 million during the quarter, compared to analysts’ expectations of $960.36 million. During the same quarter last year, the company earned $0.90 earnings per share. Analysts anticipate that A. O. Smith Co. will post 3.77 earnings per share for the current year.

A. O. Smith Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, January 31st. A. O. Smith’s dividend payout ratio is presently 35.79%.

A. O. Smith Company 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.