Zurcher Kantonalbank Zurich Cantonalbank grew its stake in A. O. Smith Corp (NYSE:AOS) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 426,995 shares of the industrial products company’s stock after purchasing an additional 11,540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.25% of A. O. Smith worth $22,789,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of AOS. Fort L.P. acquired a new stake in shares of A. O. Smith in the 2nd quarter valued at approximately $116,000. Signet Financial Management LLC acquired a new stake in shares of A. O. Smith in the 2nd quarter valued at approximately $119,000. Captrust Financial Advisors boosted its stake in shares of A. O. Smith by 83.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,264 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 1,031 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of A. O. Smith in the 2nd quarter valued at approximately $142,000. Finally, Federated Investors Inc. PA acquired a new stake in shares of A. O. Smith in the 2nd quarter valued at approximately $145,000. Institutional investors own 74.10% of the company’s stock.
Several research firms recently commented on AOS. Zacks Investment Research upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Tuesday, August 7th. SunTrust Banks reiterated a “buy” rating and set a $71.00 target price on shares of A. O. Smith in a research report on Thursday, July 26th. Oppenheimer reiterated a “hold” rating on shares of A. O. Smith in a research report on Tuesday, September 18th. BMO Capital Markets reiterated a “buy” rating and set a $73.00 target price on shares of A. O. Smith in a research report on Thursday, July 26th. Finally, ValuEngine downgraded shares of A. O. Smith from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. A. O. Smith currently has a consensus rating of “Hold” and an average target price of $64.00.
NYSE:AOS traded down $0.25 during mid-day trading on Friday, hitting $45.48. 2,214 shares of the company’s stock were exchanged, compared to its average volume of 2,718,011. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.16 and a quick ratio of 1.75. A. O. Smith Corp has a fifty-two week low of $40.34 and a fifty-two week high of $68.39. The company has a market cap of $7.77 billion, a PE ratio of 20.95, a P/E/G ratio of 1.57 and a beta of 1.45.
A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, October 30th. The industrial products company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.02). A. O. Smith had a return on equity of 24.98% and a net margin of 10.83%. The business had revenue of $754.10 million for the quarter, compared to analyst estimates of $805.92 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts expect that A. O. Smith Corp will post 2.57 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were given a $0.22 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from A. O. Smith’s previous quarterly dividend of $0.18. A. O. Smith’s payout ratio is 40.55%.
A. O. Smith Profile
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large 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 filtrations products for residences, restaurants, hotels, and offices.
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