Commonwealth Equity Services LLC Decreases Stake in A. O. Smith Corp (AOS)

Commonwealth Equity Services LLC lowered its position in A. O. Smith Corp (NYSE:AOS) by 3.8% in the 4th quarter, HoldingsChannel reports. The fund owned 35,554 shares of the industrial products company’s stock after selling 1,387 shares during the quarter. Commonwealth Equity Services LLC’s holdings in A. O. Smith were worth $1,518,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ceredex Value Advisors LLC increased its position in A. O. Smith by 285.2% during the 4th quarter. Ceredex Value Advisors LLC now owns 1,925,958 shares of the industrial products company’s stock valued at $82,239,000 after buying an additional 1,426,033 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in A. O. Smith by 3,884.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,414,865 shares of the industrial products company’s stock valued at $33,000 after buying an additional 1,379,356 shares in the last quarter. Morgan Stanley increased its position in A. O. Smith by 24.3% during the 3rd quarter. Morgan Stanley now owns 4,323,398 shares of the industrial products company’s stock valued at $230,740,000 after buying an additional 845,117 shares in the last quarter. DF Dent & Co. Inc. bought a new position in A. O. Smith during the 3rd quarter valued at approximately $33,723,000. Finally, Marshall Wace LLP bought a new position in A. O. Smith during the 3rd quarter valued at approximately $31,802,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

AOS has been the subject of a number of analyst reports. Boenning Scattergood reaffirmed a “buy” rating on shares of A. O. Smith in a research report on Tuesday, January 29th. Oppenheimer reaffirmed a “hold” rating on shares of A. O. Smith in a research report on Tuesday, January 29th. BMO Capital Markets lowered A. O. Smith from an “outperform” rating to a “market perform” rating and set a $53.00 price objective for the company. in a research report on Wednesday, January 30th. ValuEngine lowered A. O. Smith from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, KeyCorp raised their price objective on A. O. Smith from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, March 12th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $62.30.

In other A. O. Smith news, Director Paul W. Jones sold 20,000 shares of A. O. Smith stock in a transaction on Friday, February 8th. The stock was sold at an average price of $49.00, for a total value of $980,000.00. Following the completion of the sale, the director now owns 180,967 shares of the company’s stock, valued at approximately $8,867,383. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul R. Dana sold 4,836 shares of A. O. Smith stock in a transaction on Monday, February 11th. The stock was sold at an average price of $49.50, for a total value of $239,382.00. Following the completion of the sale, the senior vice president now directly owns 5,891 shares of the company’s stock, valued at approximately $291,604.50. The disclosure for this sale can be found here. In the last three months, insiders sold 38,036 shares of company stock valued at $1,879,646. Corporate insiders own 1.03% of the company’s stock.

A. O. Smith stock opened at $51.32 on Friday. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.39. A. O. Smith Corp has a 12 month low of $40.34 and a 12 month high of $66.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.09 and a quick ratio of 1.70.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, January 29th. The industrial products company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The business had revenue of $812.50 million during the quarter, compared to analyst estimates of $821.35 million. A. O. Smith had a return on equity of 26.00% and a net margin of 13.93%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. Equities research analysts forecast that A. O. Smith Corp will post 2.72 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Wednesday, January 30th. A. O. Smith’s payout ratio is 33.72%.

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A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.

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Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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