Cinctive Capital Management LP Has $6.84 Million Holdings in A. O. Smith Co. (NYSE:AOS)

Cinctive Capital Management LP lifted its position in A. O. Smith Co. (NYSE:AOS) by 710.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,125 shares of the industrial products company’s stock after purchasing an additional 66,729 shares during the quarter. Cinctive Capital Management LP owned 0.05% of A. O. Smith worth $6,838,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AOS. Northwestern Mutual Wealth Management Co. increased its position in A. O. Smith by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company’s stock valued at $164,000 after acquiring an additional 134 shares in the last quarter. Huntington National Bank boosted its position in A. O. Smith by 19.8% in the 3rd quarter. Huntington National Bank now owns 812 shares of the industrial products company’s stock valued at $73,000 after buying an additional 134 shares during the last quarter. UMB Bank n.a. raised its position in shares of A. O. Smith by 12.5% during the third quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company’s stock worth $110,000 after acquiring an additional 136 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in shares of A. O. Smith by 5.0% during the third quarter. Gateway Investment Advisers LLC now owns 2,989 shares of the industrial products company’s stock valued at $269,000 after acquiring an additional 142 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its holdings in A. O. Smith by 5.1% in the third quarter. OneDigital Investment Advisors LLC now owns 3,240 shares of the industrial products company’s stock valued at $291,000 after acquiring an additional 156 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

A. O. Smith Trading Up 0.5 %

Shares of NYSE:AOS opened at $74.49 on Monday. The company’s fifty day simple moving average is $79.09 and its 200 day simple moving average is $81.41. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.97 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. A. O. Smith Co. has a 12 month low of $70.73 and a 12 month high of $92.44.

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 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 company had revenue of $957.80 million during the quarter, compared to analysts’ expectations of $960.36 million. During the same period last year, the business earned $0.90 EPS. As a group, research analysts forecast that A. O. Smith Co. will post 3.78 EPS for the current fiscal year.

A. O. Smith Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued 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 1.83%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s dividend payout ratio (DPR) is presently 35.79%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AOS shares. UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Robert W. Baird dropped their target price on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research 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 for the company. in a research report on Wednesday, October 23rd. Stifel Nicolaus cut their price target on shares of A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.71.

A. O. Smith 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.