Burns Matteson Capital Management LLC Invests $514,000 in A. O. Smith Corporation $AOS

Burns Matteson Capital Management LLC bought a new position in shares of A. O. Smith Corporation (NYSE:AOS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,692 shares of the industrial products company’s stock, valued at approximately $514,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WealthPLAN Partners LLC raised its holdings in A. O. Smith by 1.3% in the 3rd quarter. WealthPLAN Partners LLC now owns 12,080 shares of the industrial products company’s stock valued at $887,000 after acquiring an additional 158 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of A. O. Smith by 17.3% during the third quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 167 shares during the period. True Wealth Design LLC grew its position in shares of A. O. Smith by 37.8% in the third quarter. True Wealth Design LLC now owns 613 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 168 shares during the last quarter. Allworth Financial LP grew its position in shares of A. O. Smith by 24.8% in the third quarter. Allworth Financial LP now owns 871 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 173 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its stake in shares of A. O. Smith by 2.3% during the third quarter. HBK Sorce Advisory LLC now owns 8,077 shares of the industrial products company’s stock worth $574,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analysts Set New Price Targets

AOS has been the subject of several research reports. Stifel Nicolaus set a $85.00 price target on A. O. Smith and gave the stock a “buy” rating in a report on Friday, January 30th. Jefferies Financial Group set a $75.00 price objective on A. O. Smith and gave the company a “hold” rating in a report on Friday, January 9th. The Goldman Sachs Group set a $69.00 target price on A. O. Smith and gave the stock a “sell” rating in a report on Thursday, February 12th. Robert W. Baird set a $77.00 target price on shares of A. O. Smith in a research report on Friday, January 30th. Finally, Wall Street Zen downgraded shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Two investment 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’s stock. According to data from MarketBeat.com, A. O. Smith has an average rating of “Hold” and an average price target of $77.00.

A. O. Smith Stock Up 3.6%

NYSE AOS opened at $65.95 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.94 and a debt-to-equity ratio of 0.06. The company has a market cap of $9.12 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.32 and a beta of 1.33. The company has a 50 day moving average of $72.70 and a 200-day moving average of $70.05. A. O. Smith Corporation has a 1-year low of $58.83 and a 1-year high of $81.86.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Thursday, January 29th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. A. O. Smith had a return on equity of 29.51% and a net margin of 14.26%.The business had revenue of $912.50 million for the quarter, compared to the consensus estimate of $928.97 million. During the same quarter in the prior year, the business posted $0.85 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, January 30th. A. O. Smith’s dividend payout ratio is 37.31%.

Insider Activity at A. O. Smith

In related news, SVP Darrell W. Schuh sold 1,104 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $74.39, for a total value of $82,126.56. Following the transaction, the senior vice president owned 2,201 shares in the company, valued at approximately $163,732.39. This trade represents a 33.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company’s stock.

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.