Natixis Advisors LLC lifted its position in A. O. Smith Corporation (NYSE:AOS – Free Report) by 220.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,022,299 shares of the industrial products company’s stock after acquiring an additional 703,186 shares during the period. Natixis Advisors LLC’s holdings in A. O. Smith were worth $68,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in AOS. Norges Bank acquired a new position in shares of A. O. Smith in the 4th quarter valued at $97,101,000. Madison Asset Management LLC acquired a new position in shares of A. O. Smith in the 4th quarter valued at $80,885,000. American Century Companies Inc. increased its position in shares of A. O. Smith by 54.2% in the 3rd quarter. American Century Companies Inc. now owns 3,208,831 shares of the industrial products company’s stock valued at $235,560,000 after acquiring an additional 1,128,543 shares during the period. Vanguard Group Inc. increased its position in shares of A. O. Smith by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 15,096,018 shares of the industrial products company’s stock valued at $1,009,622,000 after acquiring an additional 683,176 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in shares of A. O. Smith by 655.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 710,716 shares of the industrial products company’s stock valued at $46,602,000 after acquiring an additional 616,638 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.
A. O. Smith Price Performance
Shares of AOS opened at $56.80 on Wednesday. The business’s 50-day moving average is $62.04 and its two-hundred day moving average is $67.59. The company has a market capitalization of $7.83 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.23 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.00 and a current ratio of 1.56. A. O. Smith Corporation has a fifty-two week low of $54.16 and a fifty-two week high of $81.86.
A. O. Smith Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.5%. A. O. Smith’s dividend payout ratio (DPR) is 38.30%.
Analysts Set New Price Targets
AOS has been the topic of several research reports. Zacks Research downgraded A. O. Smith from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. DA Davidson set a $67.00 target price on A. O. Smith and gave the company a “neutral” rating in a research report on Monday, May 4th. Citigroup cut their price target on A. O. Smith from $74.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Oppenheimer reaffirmed an “outperform” rating and set a $80.00 price target on shares of A. O. Smith in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $60.00 price target (down from $65.00) on shares of A. O. Smith in a research report on Friday, May 15th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $69.89.
View Our Latest Research Report on A. O. Smith
A. O. Smith Company Profile
A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.
The company operates through two primary segments: North America and Asia.
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