Tokio Marine Asset Management Co. Ltd. Has $294,000 Position in A. O. Smith Co. (NYSE:AOS)

Tokio Marine Asset Management Co. Ltd. grew its stake in A. O. Smith Co. (NYSE:AOS) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,568 shares of the industrial products company’s stock after purchasing an additional 338 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in A. O. Smith were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. FinTrust Capital Advisors LLC raised its holdings in A. O. Smith by 628.0% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 597 shares of the industrial products company’s stock valued at $39,000 after buying an additional 515 shares during the last quarter. Addison Advisors LLC raised its holdings in A. O. Smith by 36.1% in the 3rd quarter. Addison Advisors LLC now owns 712 shares of the industrial products company’s stock valued at $47,000 after buying an additional 189 shares during the last quarter. Private Trust Co. NA raised its holdings in A. O. Smith by 393.1% in the 3rd quarter. Private Trust Co. NA now owns 858 shares of the industrial products company’s stock valued at $57,000 after buying an additional 684 shares during the last quarter. Covestor Ltd raised its holdings in A. O. Smith by 39.2% in the 3rd quarter. Covestor Ltd now owns 1,203 shares of the industrial products company’s stock valued at $79,000 after buying an additional 339 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in A. O. Smith by 25.5% in the 4th quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock valued at $79,000 after buying an additional 195 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

A. O. Smith Stock Performance

Shares of AOS stock opened at $83.21 on Monday. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. A. O. Smith Co. has a 52 week low of $63.88 and a 52 week high of $89.96. 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 firm has a 50 day moving average of $85.71 and a 200-day moving average of $79.98.

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

A. O. Smith Dividend Announcement

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

Wall Street Analysts Forecast Growth

AOS has been the subject of a number of research reports. Jefferies Financial Group raised their price objective on shares of A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, April 12th. StockNews.com lowered shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Robert W. Baird raised their price target on shares of A. O. Smith from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday. Stifel Nicolaus lowered their price target on shares of A. O. Smith from $91.00 to $90.00 and set a “hold” rating for the company in a report on Friday. Finally, Citigroup raised their price target on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $90.67.

Insider Activity at A. O. Smith

In related news, VP Robert J. Heideman sold 9,890 shares of A. O. Smith stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $84.63, for a total value of $836,990.70. Following the completion of the sale, the vice president now owns 9,455 shares of the company’s stock, valued at approximately $800,176.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Idelle K. Wolf sold 814 shares of A. O. Smith stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total value of $65,120.00. Following the completion of the sale, the director now owns 46,140 shares of the company’s stock, valued at approximately $3,691,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert J. Heideman sold 9,890 shares of A. O. Smith stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $84.63, for a total transaction of $836,990.70. Following the transaction, the vice president now directly owns 9,455 shares in the company, valued at $800,176.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,631 shares of company stock valued at $8,042,535. 2.70% of the stock is owned by company insiders.

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.