A.O. Smith Corp. (AOS) Shares Bought by Evercore Wealth Management LLC
Evercore Wealth Management LLC raised its stake in shares of A.O. Smith Corp. (NYSE:AOS) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 439,975 shares of the company’s stock after buying an additional 4,568 shares during the period. A.O. Smith Corp. comprises about 1.7% of Evercore Wealth Management LLC’s investment portfolio, making the stock its 16th largest position. Evercore Wealth Management LLC owned about 0.50% of A.O. Smith Corp. worth $38,766,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in AOS. BlueMountain Capital Management LLC increased its position in shares of A.O. Smith Corp. by 410.2% in the first quarter. BlueMountain Capital Management LLC now owns 7,928 shares of the company’s stock valued at $605,000 after buying an additional 6,374 shares during the last quarter. Robecosam AG increased its stake in A.O. Smith Corp. by 44.0% in the first quarter. Robecosam AG now owns 470,997 shares of the company’s stock worth $35,994,000 after buying an additional 143,971 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in A.O. Smith Corp. by 4.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,798 shares of the company’s stock worth $1,969,000 after buying an additional 1,194 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in A.O. Smith Corp. during the first quarter worth approximately $1,065,000. Finally, Arizona State Retirement System increased its stake in A.O. Smith Corp. by 5.4% in the first quarter. Arizona State Retirement System now owns 40,943 shares of the company’s stock worth $3,124,000 after buying an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.
A.O. Smith Corp. (NYSE:AOS) opened at 48.06 on Friday. The stock’s 50 day moving average price is $47.95 and its 200-day moving average price is $44.97. A.O. Smith Corp. has a 1-year low of $30.15 and a 1-year high of $51.49. The company has a market cap of $8.36 billion, a PE ratio of 26.25 and a beta of 1.40.
A.O. Smith Corp. (NYSE:AOS) last posted its earnings results on Wednesday, October 26th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. A.O. Smith Corp. had a return on equity of 21.84% and a net margin of 12.32%. The firm had revenue of $683.90 million for the quarter, compared to analysts’ expectations of $577.20 million. During the same period last year, the firm earned $0.41 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts forecast that A.O. Smith Corp. will post $1.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Thursday, October 27th. A.O. Smith Corp.’s dividend payout ratio (DPR) is presently 26.30%.
A number of research firms recently commented on AOS. KeyCorp reiterated a “buy” rating and issued a $107.00 target price on shares of A.O. Smith Corp. in a research report on Thursday, October 6th. Zacks Investment Research downgraded A.O. Smith Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. BMO Capital Markets set a $53.00 target price on A.O. Smith Corp. and gave the stock a “buy” rating in a research report on Monday, August 8th. Finally, Jefferies Group decreased their target price on A.O. Smith Corp. from $55.50 to $43.00 and set a “buy” rating on the stock in a research report on Friday, September 23rd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.79.
About A.O. Smith Corp.
A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.
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