Redwood Investment Management LLC Has $1.60 Million Stake in A. O. Smith Co. (NYSE:AOS)

Redwood Investment Management LLC raised its holdings in A. O. Smith Co. (NYSE:AOS) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,617 shares of the industrial products company’s stock after acquiring an additional 690 shares during the period. Redwood Investment Management LLC’s holdings in A. O. Smith were worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AOS. University of Texas Texas AM Investment Management Co. acquired a new position in A. O. Smith in the second quarter valued at about $25,000. Isthmus Partners LLC acquired a new position in A. O. Smith in the second quarter valued at about $27,000. Quarry LP lifted its holdings in shares of 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 purchasing an additional 245 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in shares of A. O. Smith in the third quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC bought a new stake in shares of A. O. Smith in the third quarter valued at about $37,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com upgraded A. O. Smith from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus dropped 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. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and upped their target price for the stock from $75.00 to $80.00 in a report on Wednesday, October 23rd. DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a report on Wednesday, October 23rd. Finally, Robert W. Baird dropped their target price on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.71.

A. O. Smith Price Performance

A. O. Smith stock opened at $72.32 on Friday. A. O. Smith Co. has a 12 month low of $70.73 and a 12 month high of $92.44. The stock’s 50 day moving average is $78.43 and its 200-day moving average is $81.16. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.96 and a beta of 1.16.

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 for the quarter, compared to the consensus estimate 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 earnings per share. Equities research analysts expect that A. O. Smith Co. will post 3.78 EPS for the current year.

A. O. Smith Increases Dividend

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

About A. O. Smith

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.