Jefferies Group LLC lifted its position in A. O. Smith Corp (NYSE:AOS) by 504.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 115,150 shares of the industrial products company’s stock after buying an additional 143,622 shares during the period. Jefferies Group LLC owned about 0.07% of A. O. Smith worth $6,146,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of AOS. Morgan Stanley lifted its stake in shares of A. O. Smith by 531.8% in the second quarter. Morgan Stanley now owns 3,478,281 shares of the industrial products company’s stock worth $205,741,000 after buying an additional 2,927,749 shares in the last quarter. Millennium Management LLC bought a new position in shares of A. O. Smith in the second quarter worth approximately $54,005,000. Brown Advisory Inc. lifted its stake in shares of A. O. Smith by 11.6% in the third quarter. Brown Advisory Inc. now owns 5,170,181 shares of the industrial products company’s stock worth $275,932,000 after buying an additional 537,803 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in shares of A. O. Smith in the third quarter worth approximately $26,681,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of A. O. Smith by 38.1% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,596,018 shares of the industrial products company’s stock worth $85,179,000 after buying an additional 440,720 shares in the last quarter. Hedge funds and other institutional investors own 77.02% of the company’s stock.
In other news, Director Paul W. Jones sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $45.99, for a total transaction of $413,910.00. Following the completion of the transaction, the director now directly owns 200,967 shares of the company’s stock, valued at $9,242,472.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is owned by insiders.
Several research analysts have recently issued reports on AOS shares. Stephens started coverage on shares of A. O. Smith in a research note on Monday, November 19th. They issued an “equal weight” rating and a $50.00 target price on the stock. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Oppenheimer reissued a “hold” rating on shares of A. O. Smith in a report on Tuesday, September 18th. Robert W. Baird decreased their price objective on shares of A. O. Smith from $68.00 to $58.00 and set an “outperform” rating for the company in a report on Wednesday, October 10th. Finally, BMO Capital Markets decreased their price objective on shares of A. O. Smith from $73.00 to $66.00 and set an “outperform” rating for the company in a report on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $64.00.
AOS opened at $43.91 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.16 and a quick ratio of 1.75. A. O. Smith Corp has a twelve month low of $40.34 and a twelve month high of $68.39. The company has a market cap of $7.58 billion, a PE ratio of 18.06, a P/E/G ratio of 1.54 and a beta of 1.45.
A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.02). A. O. Smith had a net margin of 10.83% and a return on equity of 24.98%. The company had revenue of $754.10 million for the quarter, compared to analysts’ expectations of $805.92 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts predict that A. O. Smith Corp will post 2.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.00%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Tuesday, October 30th. A. O. Smith’s payout ratio is presently 40.55%.
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A. O. Smith Profile
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large 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 filtrations products for residences, restaurants, hotels, and offices.
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