2,916 Shares in A. O. Smith Co. (NYSE:AOS) Acquired by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. purchased a new position in shares of A. O. Smith Co. (NYSE:AOS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,916 shares of the industrial products company’s stock, valued at approximately $262,000.

A number of other large investors also recently bought and sold shares of AOS. O Shaughnessy Asset Management LLC raised its position in shares of A. O. Smith by 10.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,529 shares of the industrial products company’s stock worth $1,926,000 after buying an additional 2,025 shares during the period. UniSuper Management Pty Ltd lifted its stake in shares of A. O. Smith by 589.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 12,075 shares of the industrial products company’s stock valued at $1,080,000 after purchasing an additional 10,324 shares in the last quarter. Arjuna Capital grew its holdings in shares of A. O. Smith by 3.9% during the 1st quarter. Arjuna Capital now owns 28,116 shares of the industrial products company’s stock worth $2,515,000 after purchasing an additional 1,048 shares during the period. Lake Street Advisors Group LLC acquired a new stake in A. O. Smith during the 1st quarter worth approximately $201,000. Finally, Shell Asset Management Co. raised its holdings in A. O. Smith by 86.3% in the first quarter. Shell Asset Management Co. now owns 9,091 shares of the industrial products company’s stock valued at $813,000 after buying an additional 4,211 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Robert W. Baird decreased 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 raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. 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 research report on Wednesday, October 23rd. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and upped their target price for the stock from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus dropped their target price on A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $86.71.

A. O. Smith Stock Down 0.2 %

Shares of NYSE:AOS traded down $0.12 during trading on Monday, hitting $72.11. The company’s stock had a trading volume of 49,530 shares, compared to its average volume of 969,576. The company has a market capitalization of $10.46 billion, a PE ratio of 19.01, a PEG ratio of 1.91 and a beta of 1.17. A. O. Smith Co. has a fifty-two week low of $71.64 and a fifty-two week high of $92.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67. The stock’s 50-day moving average price is $80.59 and its two-hundred day moving average price is $82.23.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. The company had revenue of $957.80 million for the quarter, compared to the consensus estimate of $960.36 million. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. During the same period in the previous year, the business earned $0.90 EPS. As a group, sell-side analysts expect that A. O. Smith Co. will post 3.78 EPS for the current year.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.89%. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, October 31st. A. O. Smith’s dividend payout ratio is 35.79%.

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.