Elo Mutual Pension Insurance Co Purchases 10,649 Shares of A. O. Smith Corporation $AOS

Elo Mutual Pension Insurance Co boosted its holdings in shares of A. O. Smith Corporation (NYSE:AOS) by 76.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,548 shares of the industrial products company’s stock after buying an additional 10,649 shares during the period. Elo Mutual Pension Insurance Co’s holdings in A. O. Smith were worth $1,802,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC lifted its holdings in shares of A. O. Smith by 3,125.0% during the 3rd quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 375 shares during the period. True Wealth Design LLC raised its position in A. O. Smith by 44,400.0% in the second quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 444 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in A. O. Smith in the second quarter worth about $30,000. Evelyn Partners Investment Management LLP lifted its stake in A. O. Smith by 988.9% during the second 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 during the period. Finally, Root Financial Partners LLC acquired a new stake in A. O. Smith during the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AOS. Wall Street Zen cut A. O. Smith from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Jefferies Financial Group set a $75.00 price target on A. O. Smith and gave the company a “hold” rating in a research report on Friday, January 9th. Robert W. Baird set a $77.00 price objective on A. O. Smith in a research note on Friday, January 30th. Citigroup restated a “neutral” rating and issued a $78.00 target price (up from $72.00) on shares of A. O. Smith in a research note on Friday, January 30th. Finally, The Goldman Sachs Group set a $69.00 target price on shares of A. O. Smith and gave the stock a “sell” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, A. O. Smith presently has an average rating of “Hold” and a consensus target price of $77.00.

A. O. Smith Trading Down 3.0%

Shares of AOS opened at $73.36 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.94 and a current ratio of 1.50. The company has a market cap of $10.14 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.56 and a beta of 1.33. The stock has a fifty day moving average price of $73.76 and a two-hundred day moving average price of $70.83. A. O. Smith Corporation has a 52-week low of $58.83 and a 52-week high of $81.86.

A. O. Smith (NYSE:AOS) last announced its earnings results on Thursday, January 29th. The industrial products company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $912.50 million during 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 firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. Analysts predict that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.0%. A. O. Smith’s payout ratio is currently 37.31%.

Insider Activity

In other news, SVP Darrell W. Schuh sold 1,104 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $74.39, for a total transaction of $82,126.56. Following the sale, the senior vice president directly owned 2,201 shares of the company’s stock, valued at $163,732.39. This represents a 33.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.76% of the company’s stock.

A. O. Smith 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.