A. O. Smith Corp (AOS) Stake Increased by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in A. O. Smith Corp (NYSE:AOS) by 85.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,617 shares of the industrial products company’s stock after buying an additional 24,249 shares during the quarter. SG Americas Securities LLC’s holdings in A. O. Smith were worth $2,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its position in shares of A. O. Smith by 93.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,867 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 1,867 shares during the period. Kornitzer Capital Management Inc. KS grew its position in shares of A. O. Smith by 5.2% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 490,700 shares of the industrial products company’s stock valued at $20,953,000 after purchasing an additional 24,035 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of A. O. Smith by 21.1% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 64,300 shares of the industrial products company’s stock valued at $2,746,000 after purchasing an additional 11,200 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of A. O. Smith in the fourth quarter valued at $1,755,000. Finally, Cim LLC grew its position in shares of A. O. Smith by 34.2% in the fourth quarter. Cim LLC now owns 11,638 shares of the industrial products company’s stock valued at $497,000 after purchasing an additional 2,965 shares during the period. 77.59% of the stock is owned by institutional investors and hedge funds.

Shares of A. O. Smith stock opened at $49.67 on Tuesday. A. O. Smith Corp has a twelve month low of $40.34 and a twelve month high of $66.89. The firm has a market capitalization of $8.37 billion, a P/E ratio of 19.03, a PEG ratio of 1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.70 and a current ratio of 2.09.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Wednesday, January 30th. A. O. Smith’s dividend payout ratio is presently 33.72%.

In other A. O. Smith news, Director Paul W. Jones sold 20,000 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $49.00, for a total transaction of $980,000.00. Following the transaction, the director now owns 180,967 shares in the company, valued at $8,867,383. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Wallace E. Goodwin sold 13,200 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $50.02, for a total value of $660,264.00. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

A number of equities research analysts have recently commented on the company. BMO Capital Markets downgraded 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. Oppenheimer reiterated a “hold” rating on shares of A. O. Smith in a report on Tuesday, January 29th. Zacks Investment Research cut A. O. Smith from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Boenning Scattergood reiterated a “buy” rating on shares of A. O. Smith in a report on Tuesday, January 29th. Finally, Stephens assumed coverage on A. O. Smith in a report on Monday, November 19th. They issued an “equal weight” rating and a $50.00 target price on the stock. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. A. O. Smith presently has a consensus rating of “Hold” and a consensus price target of $62.56.

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About A. O. Smith

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

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