Heartland Advisors Inc. decreased its holdings in shares of A. O. Smith Corporation (NYSE:AOS – Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,710 shares of the industrial products company’s stock after selling 10,833 shares during the period. Heartland Advisors Inc. owned approximately 0.09% of A. O. Smith worth $8,619,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of A. O. Smith by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 15,096,018 shares of the industrial products company’s stock valued at $1,009,622,000 after acquiring an additional 683,176 shares in the last quarter. State Street Corp grew its holdings in shares of A. O. Smith by 8.4% during the fourth quarter. State Street Corp now owns 5,911,495 shares of the industrial products company’s stock worth $395,361,000 after purchasing an additional 458,257 shares in the last quarter. Invesco Ltd. grew its holdings in shares of A. O. Smith by 0.8% during the fourth quarter. Invesco Ltd. now owns 4,559,612 shares of the industrial products company’s stock worth $304,947,000 after purchasing an additional 37,621 shares in the last quarter. Morgan Stanley increased its position in shares of A. O. Smith by 3.6% in the fourth quarter. Morgan Stanley now owns 2,909,395 shares of the industrial products company’s stock worth $194,581,000 after purchasing an additional 101,453 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of A. O. Smith by 2.6% in the fourth quarter. ProShare Advisors LLC now owns 2,344,631 shares of the industrial products company’s stock worth $156,809,000 after purchasing an additional 60,260 shares during the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
A. O. Smith Trading Down 2.7%
NYSE AOS opened at $58.92 on Friday. A. O. Smith Corporation has a 1-year low of $54.16 and a 1-year high of $81.86. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average of $58.88 and a 200-day moving average of $65.93. The firm has a market cap of $8.12 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.31 and a beta of 1.16.
A. O. Smith Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be issued a $0.36 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.44 annualized dividend and a dividend yield of 2.4%. A. O. Smith’s dividend payout ratio (DPR) is currently 38.30%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on AOS shares. Oppenheimer set a $75.00 target price on shares of A. O. Smith and gave the company an “outperform” rating in a research report on Wednesday, June 10th. The Goldman Sachs Group decreased their price target on shares of A. O. Smith from $69.00 to $61.00 and set a “sell” rating on the stock in a report on Monday, April 13th. Weiss Ratings cut shares of A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Citigroup dropped their price objective on shares of A. O. Smith from $74.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, DA Davidson set a $67.00 target price on shares of A. O. Smith and gave the stock a “neutral” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $69.33.
View Our Latest Research Report on AOS
A. O. Smith Company Profile
A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.
The company operates through two primary segments: North America and Asia.
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