Addison Advisors LLC Boosts Stock Holdings in A. O. Smith Co. (NYSE:AOS)

Addison Advisors LLC boosted its position in shares of A. O. Smith Co. (NYSE:AOS) by 28.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 916 shares of the industrial products company’s stock after buying an additional 204 shares during the period. Addison Advisors LLC’s holdings in A. O. Smith were worth $76,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Impax Asset Management Group plc grew its position in shares of A. O. Smith by 2.2% in the third 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. grew its position in shares of A. O. Smith by 4.6% in the third 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. Earnest Partners LLC grew its position in shares of A. O. Smith by 7.7% in the third quarter. Earnest Partners LLC now owns 1,577,789 shares of the industrial products company’s stock valued at $104,339,000 after purchasing an additional 112,600 shares in the last quarter. Northern Trust Corp grew its position in shares of A. O. Smith by 4.7% in the third quarter. Northern Trust Corp now owns 1,343,402 shares of the industrial products company’s stock valued at $88,839,000 after purchasing an additional 60,337 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of A. O. Smith by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,276,943 shares of the industrial products company’s stock valued at $84,444,000 after purchasing an additional 11,132 shares in the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other A. O. Smith news, Director Ajita G. Rajendra sold 24,669 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $83.02, for a total transaction of $2,048,020.38. Following the transaction, the director now owns 56,951 shares of the company’s stock, valued at $4,728,072.02. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Ajita G. Rajendra sold 60,258 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $84.51, for a total value of $5,092,403.58. Following the transaction, the director now owns 56,951 shares in the company, valued at approximately $4,812,929.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ajita G. Rajendra sold 24,669 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $83.02, for a total value of $2,048,020.38. Following the completion of the transaction, the director now owns 56,951 shares in the company, valued at approximately $4,728,072.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,631 shares of company stock valued at $8,042,535. 2.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AOS. StockNews.com lowered A. O. Smith from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Robert W. Baird increased their price objective on A. O. Smith from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday. Stifel Nicolaus lowered their price objective on A. O. Smith from $91.00 to $90.00 and set a “hold” rating for the company in a research report on Friday. Oppenheimer reiterated a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. Finally, Citigroup increased their price objective on A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $90.67.

A. O. Smith Trading Up 0.5 %

NYSE:AOS traded up $0.39 during trading hours on Friday, reaching $83.21. 1,316,242 shares of the stock were exchanged, compared to its average volume of 1,049,093. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $85.71 and a two-hundred day moving average of $79.92. A. O. Smith Co. has a twelve month low of $63.88 and a twelve month high of $89.96. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.26 and a beta of 1.25.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. The business had revenue of $978.80 million for the quarter, compared to analysts’ expectations of $995.91 million. A. O. Smith had a return on equity of 30.94% and a net margin of 14.94%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share. On average, equities analysts predict that A. O. Smith Co. will post 4.09 EPS for the current year.

A. O. Smith Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, April 29th. A. O. Smith’s dividend payout ratio (DPR) is presently 33.16%.

A. O. Smith Profile

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.