Tokio Marine Asset Management Co. Ltd. Buys 434 Shares of A. O. Smith Co. (NYSE:AOS)

Tokio Marine Asset Management Co. Ltd. boosted its stake in A. O. Smith Co. (NYSE:AOS) by 12.2% in the third quarter, HoldingsChannel reports. The firm owned 4,002 shares of the industrial products company’s stock after acquiring an additional 434 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in A. O. Smith were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AOS. University of Texas Texas AM Investment Management Co. purchased a new position in shares of A. O. Smith in the 2nd quarter worth $25,000. Isthmus Partners LLC purchased a new stake in A. O. Smith during the second quarter valued at $27,000. Quarry LP lifted its holdings in A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 245 shares during the period. Waldron Private Wealth LLC purchased a new position in A. O. Smith in the third quarter worth about $32,000. Finally, Wolff Wiese Magana LLC purchased a new position in A. O. Smith in the third quarter worth about $37,000. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Stock Performance

Shares of NYSE AOS opened at $72.23 on Friday. The stock has a market cap of $10.47 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.17. A. O. Smith Co. has a 1 year low of $72.15 and a 1 year high of $92.44. The firm has a fifty day moving average price of $80.59 and a 200-day moving average price of $82.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. The business had revenue of $957.80 million during the quarter, compared to analyst estimates of $960.36 million. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. During the same quarter in the prior year, the business posted $0.90 EPS. Equities analysts anticipate that A. O. Smith Co. will post 3.78 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s dividend payout ratio (DPR) is 35.79%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AOS. Robert W. Baird lowered their price objective on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and upped their target price for the company from $75.00 to $80.00 in a report on Wednesday, October 23rd. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. DA Davidson downgraded shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus decreased their target price on A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $86.71.

A. O. Smith Company 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.