A. O. Smith Co. (NYSE:AOS) Shares Acquired by MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income grew its position in A. O. Smith Co. (NYSE:AOSGet Rating) by 36.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,545 shares of the industrial products company’s stock after acquiring an additional 11,375 shares during the quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s holdings in A. O. Smith were worth $2,718,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. WASHINGTON TRUST Co boosted its holdings in shares of A. O. Smith by 60.4% in the fourth quarter. WASHINGTON TRUST Co now owns 449 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 169 shares during the period. CWM LLC lifted its holdings in shares of A. O. Smith by 6.0% during the first quarter. CWM LLC now owns 3,401 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 193 shares during the period. Bank of New Hampshire lifted its holdings in shares of A. O. Smith by 1.0% during the first quarter. Bank of New Hampshire now owns 21,093 shares of the industrial products company’s stock worth $1,348,000 after purchasing an additional 200 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of A. O. Smith by 0.3% during the first quarter. Daiwa Securities Group Inc. now owns 79,862 shares of the industrial products company’s stock worth $5,102,000 after purchasing an additional 225 shares during the period. Finally, American International Group Inc. lifted its holdings in shares of A. O. Smith by 0.6% during the fourth quarter. American International Group Inc. now owns 40,002 shares of the industrial products company’s stock worth $3,434,000 after purchasing an additional 236 shares during the period. 76.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AOS has been the subject of several recent research reports. Northcoast Research initiated coverage on A. O. Smith in a report on Monday, July 18th. They set a “buy” rating for the company. Stifel Nicolaus decreased their price target on A. O. Smith from $59.00 to $58.00 in a report on Wednesday, July 20th. Longbow Research raised A. O. Smith from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a report on Wednesday, July 6th. Robert W. Baird downgraded A. O. Smith from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $72.00 to $60.00 in a report on Thursday, July 14th. Finally, William Blair downgraded A. O. Smith from an “outperform” rating to a “market perform” rating in a report on Sunday, May 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.60.

A. O. Smith Price Performance

Shares of AOS stock traded down $0.69 during mid-day trading on Friday, reaching $60.60. The stock had a trading volume of 547,817 shares, compared to its average volume of 1,023,599. A. O. Smith Co. has a 12-month low of $51.91 and a 12-month high of $86.74. The company has a market cap of $9.36 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.95 and a beta of 1.19. The business has a 50-day simple moving average of $57.84 and a 200 day simple moving average of $63.58. The company has a current ratio of 1.76, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16.

A. O. Smith (NYSE:AOSGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The industrial products company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. A. O. Smith had a return on equity of 28.47% and a net margin of 13.42%. The business had revenue of $965.90 million during the quarter, compared to analysts’ expectations of $959.82 million. During the same quarter last year, the business posted $0.73 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, sell-side analysts anticipate that A. O. Smith Co. will post 3.49 earnings per share for the current year.

A. O. Smith Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, July 28th. A. O. Smith’s dividend payout ratio is currently 34.36%.

About A. O. Smith

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A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump 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; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis 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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