Bamco Inc. NY boosted its position in A. O. Smith Corp (NYSE:AOS) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 538,894 shares of the industrial products company’s stock after buying an additional 10,200 shares during the quarter. Bamco Inc. NY’s holdings in A. O. Smith were worth $33,023,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ashmore Wealth Management LLC lifted its stake in A. O. Smith by 9.1% in the fourth quarter. Ashmore Wealth Management LLC now owns 86,085 shares of the industrial products company’s stock worth $5,275,000 after purchasing an additional 7,188 shares during the last quarter. Scotia Capital Inc. lifted its stake in A. O. Smith by 32.6% in the fourth quarter. Scotia Capital Inc. now owns 4,529 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 1,113 shares during the last quarter. Granite Investment Advisors LLC bought a new stake in A. O. Smith in the fourth quarter worth about $306,000. Amundi Pioneer Asset Management Inc. lifted its stake in A. O. Smith by 50.8% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 279,750 shares of the industrial products company’s stock worth $17,143,000 after purchasing an additional 94,288 shares during the last quarter. Finally, AXA lifted its stake in A. O. Smith by 81.8% in the fourth quarter. AXA now owns 76,172 shares of the industrial products company’s stock worth $4,668,000 after purchasing an additional 34,262 shares during the last quarter. 73.13% of the stock is owned by institutional investors and hedge funds.
AOS has been the subject of several analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $59.00 price objective on shares of A. O. Smith in a research note on Monday, December 11th. Zacks Investment Research downgraded shares of A. O. Smith from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. BMO Capital Markets reissued a “buy” rating and issued a $78.00 price objective on shares of A. O. Smith in a research note on Friday, January 26th. Boenning Scattergood reissued a “hold” rating on shares of A. O. Smith in a research note on Tuesday, January 30th. Finally, Robert W. Baird reissued a “buy” rating and issued a $70.00 price objective on shares of A. O. Smith in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. A. O. Smith currently has an average rating of “Hold” and an average price target of $67.83.
A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The business had revenue of $768.60 million for the quarter, compared to analyst estimates of $767.45 million. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. research analysts anticipate that A. O. Smith Corp will post 2.57 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, January 30th. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.08%. A. O. Smith’s dividend payout ratio (DPR) is 33.18%.
In other news, VP Robert J. Heideman sold 11,606 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $61.74, for a total transaction of $716,554.44. Following the transaction, the vice president now directly owns 34,099 shares of the company’s stock, valued at $2,105,272.26. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark D. Smith sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $62.73, for a total transaction of $163,098.00. Following the transaction, the director now directly owns 109,609 shares in the company, valued at $6,875,772.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,635 shares of company stock worth $7,149,622. Corporate insiders own 1.28% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Bamco Inc. NY Has $33.02 Million Holdings in A. O. Smith Corp (AOS)” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3252522/bamco-inc-ny-has-33-02-million-holdings-in-a-o-smith-corp-aos.html.
A. O. Smith Profile
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
Want to see what other hedge funds are holding AOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A. O. Smith Corp (NYSE:AOS).
Receive News & Ratings for A. O. Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith and related companies with MarketBeat.com's FREE daily email newsletter.