Impax Asset Management Group plc Has $356.05 Million Holdings in A. O. Smith Corporation $AOS

Impax Asset Management Group plc boosted its holdings in A. O. Smith Corporation (NYSE:AOS) by 3.4% during the third quarter, HoldingsChannel.com reports. The fund owned 4,850,158 shares of the industrial products company’s stock after purchasing an additional 157,856 shares during the period. A. O. Smith accounts for 2.1% of Impax Asset Management Group plc’s portfolio, making the stock its 10th largest holding. Impax Asset Management Group plc’s holdings in A. O. Smith were worth $356,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AOS. WealthPLAN Partners LLC boosted its holdings in A. O. Smith by 1.3% during the third quarter. WealthPLAN Partners LLC now owns 12,080 shares of the industrial products company’s stock valued at $887,000 after purchasing an additional 158 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of A. O. Smith by 37.8% in the 3rd quarter. True Wealth Design LLC now owns 613 shares of the industrial products company’s stock worth $45,000 after buying an additional 168 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its position in shares of A. O. Smith by 4.5% during the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 3,972 shares of the industrial products company’s stock worth $260,000 after buying an additional 171 shares during the period. Financial Advocates Investment Management boosted its stake in A. O. Smith by 2.5% in the 2nd quarter. Financial Advocates Investment Management now owns 7,040 shares of the industrial products company’s stock valued at $462,000 after buying an additional 175 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its position in A. O. Smith by 2.3% in the third quarter. HBK Sorce Advisory LLC now owns 8,077 shares of the industrial products company’s stock valued at $574,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Price Performance

AOS opened at $80.46 on Wednesday. The company’s 50 day simple moving average is $70.54 and its 200-day simple moving average is $70.06. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $80.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.50 and a quick ratio of 0.94. The stock has a market capitalization of $11.20 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.63 and a beta of 1.36.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Thursday, January 29th. The industrial products company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The firm had revenue of $912.50 million for the quarter, compared to analyst estimates of $928.97 million. A. O. Smith had a return on equity of 29.51% and a net margin of 14.26%.The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. Sell-side analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, January 30th. A. O. Smith’s dividend payout ratio is currently 37.31%.

Analysts Set New Price Targets

A number of research analysts have issued reports on AOS shares. Wall Street Zen raised A. O. Smith from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Stifel Nicolaus set a $85.00 price target on shares of A. O. Smith and gave the company a “buy” rating in a research report on Friday, January 30th. Jefferies Financial Group set a $75.00 price objective on shares of A. O. Smith and gave the stock a “hold” rating in a research note on Friday, January 9th. Citigroup reaffirmed a “neutral” rating and set a $78.00 price objective (up previously from $72.00) on shares of A. O. Smith in a report on Friday, January 30th. Finally, DA Davidson reiterated a “neutral” rating and issued a $75.00 target price on shares of A. O. Smith in a research note on Thursday, November 13th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, A. O. Smith currently has a consensus rating of “Hold” and a consensus target price of $78.00.

A. O. Smith Company Profile

A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.

The company operates through two primary segments: North America and Asia.