A. O. Smith Co. (NYSE:AOS) Stock Holdings Cut by Annex Advisory Services LLC

Annex Advisory Services LLC lessened its position in A. O. Smith Co. (NYSE:AOS) by 33.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 156,766 shares of the industrial products company’s stock after selling 77,957 shares during the period. Annex Advisory Services LLC owned approximately 0.11% of A. O. Smith worth $14,082,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AOS. University of Texas Texas AM Investment Management Co. bought a new stake in A. O. Smith in the second quarter worth about $25,000. Isthmus Partners LLC bought a new stake in shares of A. O. Smith in the 2nd quarter worth approximately $27,000. Quarry LP lifted its stake in A. O. Smith by 214.9% during the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 245 shares during the last quarter. Versant Capital Management Inc boosted its holdings in A. O. Smith by 157.2% during the second quarter. Versant Capital Management Inc now owns 463 shares of the industrial products company’s stock worth $38,000 after buying an additional 283 shares in the last quarter. Finally, ORG Partners LLC grew its position in A. O. Smith by 665.0% in the first quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock worth $55,000 after buying an additional 532 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AOS shares. StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Robert W. Baird dropped their price target on A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus raised shares of A. O. Smith from a “hold” rating to a “buy” rating and upped their price objective for the company from $97.00 to $98.00 in a research note on Wednesday, July 24th. Finally, UBS Group lifted their target price on shares of A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $89.67.

A. O. Smith Trading Down 6.2 %

Shares of NYSE AOS opened at $80.87 on Friday. The firm has a market capitalization of $11.79 billion, a PE ratio of 20.84, a PEG ratio of 2.40 and a beta of 1.15. A. O. Smith Co. has a one year low of $65.08 and a one year high of $92.44. The company has a current ratio of 1.70, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $82.73 and a two-hundred day moving average price of $83.99.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts predict that A. O. Smith Co. will post 4.07 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.34 per share. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, October 31st. This represents a $1.36 dividend on an annualized basis and a yield of 1.68%. A. O. Smith’s dividend payout ratio (DPR) is presently 32.99%.

Insider Buying and Selling at A. O. Smith

In other news, SVP Samuel M. Carver sold 14,705 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the completion of the sale, the senior vice president now directly owns 2,399 shares of the company’s stock, valued at $194,319. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.

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.