A. O. Smith Co. (NYSE:AOS) Shares Acquired by Annex Advisory Services LLC

Annex Advisory Services LLC increased its position in shares of A. O. Smith Co. (NYSE:AOS) by 48.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,047 shares of the industrial products company’s stock after acquiring an additional 75,281 shares during the period. Annex Advisory Services LLC owned about 0.16% of A. O. Smith worth $15,828,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of A. O. Smith during the second quarter worth about $25,000. Quarry LP increased its stake in A. O. Smith by 214.9% during the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after buying an additional 245 shares during the period. Waldron Private Wealth LLC acquired a new stake in A. O. Smith during the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC purchased a new position in A. O. Smith in the 3rd quarter valued at approximately $37,000. Finally, Brooklyn Investment Group acquired a new position in shares of A. O. Smith in the third quarter worth $43,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

A. O. Smith Stock Up 0.7 %

AOS stock opened at $71.87 on Monday. The stock has a market cap of $10.42 billion, a P/E ratio of 18.91, a PEG ratio of 1.68 and a beta of 1.18. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. A. O. Smith Co. has a twelve month low of $67.17 and a twelve month high of $92.44. The company’s 50 day moving average is $71.23 and its two-hundred day moving average is $78.24.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The firm had revenue of $957.80 million for the quarter, compared to analyst estimates of $960.36 million. During the same period last year, the business earned $0.90 EPS. Research analysts expect that A. O. Smith Co. will post 3.77 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.34 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.89%. A. O. Smith’s dividend payout ratio (DPR) is presently 35.79%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com lowered A. O. Smith from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. DA Davidson cut A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research note on Wednesday, October 23rd. UBS Group upgraded shares of 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 research note on Wednesday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of A. O. Smith in a research note on Saturday. Finally, Stifel Nicolaus dropped their price objective on shares of A. O. Smith from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $83.14.

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.