Trust Point Inc. Buys New Stake in A. O. Smith Co. (NYSE:AOS)

Trust Point Inc. bought a new stake in A. O. Smith Co. (NYSE:AOSFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 49,088 shares of the industrial products company’s stock, valued at approximately $4,047,000.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in A. O. Smith by 2.6% during the 3rd quarter. State Street Corp now owns 8,804,868 shares of the industrial products company’s stock valued at $427,740,000 after purchasing an additional 225,462 shares in the last quarter. Impax Asset Management Group plc boosted its stake in A. O. Smith by 2.2% during the 3rd quarter. Impax Asset Management Group plc now owns 4,101,386 shares of the industrial products company’s stock valued at $271,225,000 after purchasing an additional 88,025 shares in the last quarter. Invesco Ltd. boosted its stake in A. O. Smith by 4.6% during the 3rd quarter. Invesco Ltd. now owns 3,038,837 shares of the industrial products company’s stock valued at $200,958,000 after purchasing an additional 133,339 shares in the last quarter. Robeco Schweiz AG boosted its stake in A. O. Smith by 16.8% during the 1st quarter. Robeco Schweiz AG now owns 2,296,046 shares of the industrial products company’s stock valued at $146,694,000 after purchasing an additional 329,539 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in A. O. Smith by 20.5% during the 1st quarter. Macquarie Group Ltd. now owns 2,120,008 shares of the industrial products company’s stock valued at $146,599,000 after purchasing an additional 360,409 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Robert J. Heideman sold 9,890 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $84.63, for a total value of $836,990.70. Following the completion of the sale, the vice president now owns 9,455 shares in the company, valued at $800,176.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Robert J. Heideman sold 9,890 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $84.63, for a total transaction of $836,990.70. Following the completion of the sale, the vice president now directly owns 9,455 shares in the company, valued at $800,176.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Idelle K. Wolf sold 814 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total value of $65,120.00. Following the sale, the director now owns 46,140 shares of the company’s stock, valued at $3,691,200. The disclosure for this sale can be found here. Insiders sold 95,631 shares of company stock worth $8,042,535 over the last quarter. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Northcoast Research raised A. O. Smith from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Tuesday, December 12th. Stifel Nicolaus raised their price objective on A. O. Smith from $74.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, December 19th. Citigroup raised their price objective on A. O. Smith from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Monday, December 11th. Finally, StockNews.com lowered A. O. Smith from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $83.40.

Read Our Latest Stock Analysis on AOS

A. O. Smith Stock Up 0.6 %

Shares of AOS traded up $0.51 during mid-day trading on Wednesday, reaching $89.06. The company’s stock had a trading volume of 111,575 shares, compared to its average volume of 926,887. The business has a fifty day moving average of $83.43 and a 200 day moving average of $77.49. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. A. O. Smith Co. has a 1 year low of $63.40 and a 1 year high of $89.96. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 0.06.

A. O. Smith (NYSE:AOSGet Free Report) last released its earnings results on Tuesday, January 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $988.10 million during the quarter, compared to analyst estimates of $985.89 million. A. O. Smith had a return on equity of 31.05% and a net margin of 14.45%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. As a group, analysts forecast that A. O. Smith Co. will post 4.07 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a $0.32 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.44%. A. O. Smith’s payout ratio is currently 34.59%.

A. O. Smith Company Profile

(Free Report)

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.

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

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