WINTON GROUP Ltd increased its stake in A. O. Smith Corp (NYSE:AOS) by 63.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,823 shares of the industrial products company’s stock after buying an additional 3,047 shares during the quarter. WINTON GROUP Ltd’s holdings in A. O. Smith were worth $479,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in A. O. Smith by 70.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 1,150 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new stake in A. O. Smith in the fourth quarter worth about $210,000. Brookmont Capital Management acquired a new stake in A. O. Smith in the fourth quarter worth about $224,000. Dynamic Technology Lab Private Ltd acquired a new stake in A. O. Smith in the third quarter worth about $245,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in A. O. Smith in the fourth quarter worth about $245,000. 74.28% of the stock is owned by institutional investors and hedge funds.
Shares of A. O. Smith Corp (NYSE AOS) opened at $66.52 on Monday. A. O. Smith Corp has a 1-year low of $49.48 and a 1-year high of $68.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.24 and a quick ratio of 1.87. The firm has a market cap of $11,403.77, a PE ratio of 39.11, a price-to-earnings-growth ratio of 1.94 and a beta of 1.52.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.08%. The ex-dividend date was Tuesday, January 30th. This is an increase from A. O. Smith’s previous quarterly dividend of $0.14. A. O. Smith’s payout ratio is presently 42.35%.
Several research firms recently weighed in on AOS. BMO Capital Markets reaffirmed a “buy” rating and issued a $78.00 price objective on shares of A. O. Smith in a report on Friday, January 26th. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a report on Wednesday, January 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $70.00 price objective on shares of A. O. Smith in a report on Wednesday, January 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of A. O. Smith in a report on Tuesday, January 30th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $59.00 price target on shares of A. O. Smith in a report on Monday, December 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $67.83.
In other A. O. Smith news, insider Wilfridus M. Brouwer sold 30,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $63.11, for a total transaction of $1,893,300.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William P. Greubel sold 17,856 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $66.50, for a total value of $1,187,424.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,635 shares of company stock worth $7,149,622. Corporate insiders own 1.28% of the company’s stock.
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About A. O. Smith
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.
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