BlackRock Inc. Grows Stock Position in A. O. Smith Co. (NYSE:AOS)

BlackRock Inc. boosted its position in A. O. Smith Co. (NYSE:AOS) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,308,265 shares of the industrial products company’s stock after buying an additional 254,238 shares during the quarter. BlackRock Inc. owned approximately 7.00% of A. O. Smith worth $619,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina increased its position in A. O. Smith by 0.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 50,884 shares of the industrial products company’s stock worth $2,789,000 after buying an additional 200 shares during the last quarter. American National Bank grew its position in shares of A. O. Smith by 1.5% in the fourth quarter. American National Bank now owns 14,685 shares of the industrial products company’s stock valued at $805,000 after purchasing an additional 215 shares in the last quarter. Rowland Carmichael Advisors Inc. ADV grew its position in shares of A. O. Smith by 2.1% in the fourth quarter. Rowland Carmichael Advisors Inc. ADV now owns 11,169 shares of the industrial products company’s stock valued at $612,000 after purchasing an additional 234 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of A. O. Smith by 2.2% in the fourth quarter. IFM Investors Pty Ltd now owns 12,113 shares of the industrial products company’s stock valued at $664,000 after purchasing an additional 259 shares in the last quarter. Finally, Optimum Investment Advisors grew its position in shares of A. O. Smith by 15.3% in the fourth quarter. Optimum Investment Advisors now owns 2,340 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 310 shares in the last quarter. 75.05% of the stock is owned by institutional investors and hedge funds.

A. O. Smith stock opened at $61.85 on Tuesday. A. O. Smith Co. has a 52 week low of $33.81 and a 52 week high of $61.96. The business has a 50-day simple moving average of $57.75 and a 200 day simple moving average of $54.39. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.06. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 2.67 and a beta of 1.06.

A. O. Smith (NYSE:AOS) last posted its earnings results on Wednesday, January 27th. The industrial products company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.15. A. O. Smith had a return on equity of 19.29% and a net margin of 11.25%. The business had revenue of $834.50 million during the quarter, compared to analysts’ expectations of $769.10 million. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. On average, research analysts anticipate that A. O. Smith Co. will post 2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Friday, January 29th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.68%. The ex-dividend date was Thursday, January 28th. A. O. Smith’s payout ratio is 46.85%.

In other A. O. Smith news, Director Idelle K. Wolf sold 1,970 shares of A. O. Smith stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $61.64, for a total transaction of $121,430.80. Following the completion of the sale, the director now owns 7,642 shares of the company’s stock, valued at $471,052.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert J. Heideman sold 1,000 shares of A. O. Smith stock in a transaction dated Monday, November 30th. The stock was sold at an average price of $56.37, for a total value of $56,370.00. Following the sale, the vice president now directly owns 11,761 shares of the company’s stock, valued at approximately $662,967.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,306 shares of company stock valued at $625,444. 0.29% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the company. DA Davidson reiterated a “buy” rating on shares of A. O. Smith in a research report on Tuesday, February 2nd. Rosenblatt Securities lifted their price target on A. O. Smith from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, February 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $52.00.

About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration 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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