A. O. Smith Co. (NYSE:AOS) Shares Sold by Bank of New Hampshire

Bank of New Hampshire lowered its position in A. O. Smith Co. (NYSE:AOS) by 24.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731 shares of the industrial products company’s stock after selling 236 shares during the quarter. Bank of New Hampshire’s holdings in A. O. Smith were worth $48,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings in A. O. Smith by 0.7% in the fourth quarter. Arizona State Retirement System now owns 34,838 shares of the industrial products company’s stock worth $2,376,000 after acquiring an additional 234 shares during the last quarter. Cetera Investment Advisers lifted its holdings in A. O. Smith by 1.2% in the fourth quarter. Cetera Investment Advisers now owns 27,307 shares of the industrial products company’s stock worth $1,863,000 after acquiring an additional 315 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in A. O. Smith by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 31,511 shares of the industrial products company’s stock worth $2,149,000 after acquiring an additional 319 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in A. O. Smith by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,803 shares of the industrial products company’s stock worth $362,000 after acquiring an additional 332 shares during the last quarter. Finally, Trajan Wealth LLC lifted its holdings in A. O. Smith by 10.8% in the fourth quarter. Trajan Wealth LLC now owns 3,405 shares of the industrial products company’s stock worth $232,000 after acquiring an additional 332 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Price Performance

NYSE AOS opened at $64.41 on Monday. A. O. Smith Co. has a 12 month low of $58.83 and a 12 month high of $92.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 0.96. The firm has a market capitalization of $9.15 billion, a PE ratio of 17.74, a P/E/G ratio of 1.46 and a beta of 1.21. The company’s 50 day simple moving average is $65.52 and its 200 day simple moving average is $67.68.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. A. O. Smith had a net margin of 13.98% and a return on equity of 28.87%. The business had revenue of $963.90 million for the quarter, compared to analyst estimates of $950.56 million. During the same quarter last year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast that A. O. Smith Co. will post 3.76 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.11%. A. O. Smith’s dividend payout ratio is presently 37.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AOS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of A. O. Smith in a report on Saturday, May 24th. Robert W. Baird lifted their price target on A. O. Smith from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Citigroup cut their price target on A. O. Smith from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus lifted their price target on A. O. Smith from $75.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, A. O. Smith has a consensus rating of “Hold” and an average price target of $76.17.

A. O. Smith 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.