ABN Amro Investment Solutions Has $2.88 Million Stock Holdings in A. O. Smith Corporation $AOS

ABN Amro Investment Solutions lowered its position in shares of A. O. Smith Corporation (NYSE:AOS) by 31.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,225 shares of the industrial products company’s stock after selling 18,195 shares during the quarter. ABN Amro Investment Solutions’ holdings in A. O. Smith were worth $2,880,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AOS. True Wealth Design LLC increased its position in A. O. Smith by 44,400.0% during the second quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 444 shares during the period. Root Financial Partners LLC bought a new stake in A. O. Smith in the 3rd quarter valued at about $33,000. Loomis Sayles & Co. L P bought a new stake in A. O. Smith in the 2nd quarter valued at about $30,000. Evelyn Partners Investment Management LLP grew its position in shares of A. O. Smith by 988.9% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 490 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 445 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of A. O. Smith during the third quarter worth approximately $37,000. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Stock Up 1.0%

Shares of AOS opened at $80.43 on Monday. The firm has a 50 day simple moving average of $71.30 and a two-hundred day simple moving average of $70.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.50 and a quick ratio of 0.94. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $81.86. The company has a market cap of $11.20 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.66 and a beta of 1.36.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Thursday, January 29th. The industrial products company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $912.50 million during the quarter, compared to analysts’ expectations of $928.97 million. A. O. Smith had a return on equity of 29.51% and a net margin of 14.26%.A. O. Smith’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. Research analysts forecast that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of A. O. Smith in a research note on Wednesday, December 24th. Wall Street Zen lowered A. O. Smith from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird set a $77.00 target price on A. O. Smith in a research report on Friday, January 30th. Stifel Nicolaus set a $85.00 target price on A. O. Smith and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, DA Davidson restated a “neutral” rating and issued a $75.00 price target on shares of A. O. Smith in a research report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.00.

About A. O. Smith

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.