Toronto Dominion Bank Has $5.33 Million Stake in A. O. Smith Co. (NYSE:AOS)

Toronto Dominion Bank grew its holdings in A. O. Smith Co. (NYSE:AOS) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,376 shares of the industrial products company’s stock after purchasing an additional 436 shares during the quarter. Toronto Dominion Bank’s holdings in A. O. Smith were worth $5,334,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its position in A. O. Smith by 8.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,788 shares of the industrial products company’s stock worth $339,000 after buying an additional 302 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of A. O. Smith by 1.5% during the third quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company’s stock worth $321,348,000 after purchasing an additional 52,593 shares in the last quarter. M&T Bank Corp grew its stake in shares of A. O. Smith by 3.9% during the third quarter. M&T Bank Corp now owns 6,785 shares of the industrial products company’s stock valued at $609,000 after purchasing an additional 253 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of A. O. Smith by 7.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,137,184 shares of the industrial products company’s stock valued at $102,153,000 after purchasing an additional 83,495 shares during the last quarter. Finally, MML Investors Services LLC raised its position in A. O. Smith by 5.2% in the 3rd quarter. MML Investors Services LLC now owns 9,237 shares of the industrial products company’s stock worth $830,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on AOS shares. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Citigroup decreased their price target on A. O. Smith from $85.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. 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 report on Wednesday, October 23rd. Stifel Nicolaus reduced their target price on shares of A. O. Smith from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, StockNews.com downgraded shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $83.17.

A. O. Smith Stock Performance

Shares of AOS stock opened at $72.49 on Friday. The stock has a market cap of $10.51 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.93 and a beta of 1.16. The stock has a 50-day moving average of $76.19 and a 200-day moving average of $80.58. 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 Co. has a one year low of $70.73 and a one year high of $92.44.

A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The firm had revenue of $957.80 million during the quarter, compared to the consensus estimate of $960.36 million. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. During the same quarter in the prior year, the firm earned $0.90 earnings per share. As a group, sell-side analysts expect that A. O. Smith Co. will post 3.78 earnings per share for the current year.

A. O. Smith Increases Dividend

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

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.