A. O. Smith Co. (NYSE:AOS) Holdings Lifted by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. increased its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 52.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,007 shares of the industrial products company’s stock after buying an additional 1,372 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in A. O. Smith were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AOS. ORG Partners LLC grew its holdings in shares of A. O. Smith by 665.0% during the first quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock valued at $55,000 after buying an additional 532 shares in the last quarter. Twin Tree Management LP grew its holdings in shares of A. O. Smith by 188.9% during the first quarter. Twin Tree Management LP now owns 737 shares of the industrial products company’s stock valued at $66,000 after buying an additional 1,566 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of A. O. Smith by 28.7% during the fourth quarter. Addison Advisors LLC now owns 916 shares of the industrial products company’s stock valued at $76,000 after buying an additional 204 shares in the last quarter. Signaturefd LLC boosted its position in A. O. Smith by 25.5% during the fourth quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock valued at $79,000 after purchasing an additional 195 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in A. O. Smith during the first quarter valued at $109,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

A. O. Smith Stock Down 1.2 %

Shares of NYSE:AOS traded down $1.03 on Friday, reaching $87.99. The company had a trading volume of 1,038,641 shares, compared to its average volume of 946,344. A. O. Smith Co. has a twelve month low of $64.14 and a twelve month high of $92.44. The stock has a 50-day moving average price of $83.86 and a 200 day moving average price of $83.71. The stock has a market capitalization of $12.91 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.39 and a beta of 1.15. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.06.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. A. O. Smith had a return on equity of 30.94% and a net margin of 14.94%. The company had revenue of $978.80 million during the quarter, compared to analysts’ expectations of $995.91 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts expect that A. O. Smith Co. will post 4.09 EPS for the current year.

A. O. Smith Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.28 annualized dividend and a dividend yield of 1.45%. A. O. Smith’s dividend payout ratio is presently 33.16%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AOS. Stifel Nicolaus lifted their price objective on A. O. Smith from $90.00 to $97.00 and gave the company a “hold” rating in a research report on Thursday. UBS Group lifted their price objective on A. O. Smith from $73.00 to $75.00 and gave the company a “sell” rating in a research report on Monday, July 8th. Jefferies Financial Group lifted their price objective on A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Oppenheimer reissued a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. Finally, Citigroup lifted their price objective on A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $89.43.

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.