Coldstream Capital Management Inc. Has $339,000 Stock Position in A. O. Smith Co. (NYSE:AOS)

Coldstream Capital Management Inc. raised its position in A. O. Smith Co. (NYSE:AOS) by 8.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,788 shares of the industrial products company’s stock after purchasing an additional 302 shares during the quarter. Coldstream Capital Management Inc.’s holdings in A. O. Smith were worth $339,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AOS. Legacy Capital Wealth Partners LLC acquired a new position in shares of A. O. Smith in the 2nd quarter worth approximately $228,000. Bank of Montreal Can raised its position in A. O. Smith by 37.6% in the 2nd quarter. Bank of Montreal Can now owns 185,768 shares of the industrial products company’s stock valued at $15,409,000 after purchasing an additional 50,798 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in A. O. Smith in the second quarter worth $1,372,000. FORA Capital LLC bought a new stake in shares of A. O. Smith during the third quarter worth $730,000. Finally, WealthPlan Investment Management LLC increased its stake in shares of A. O. Smith by 89.3% in the third quarter. WealthPlan Investment Management LLC now owns 36,206 shares of the industrial products company’s stock valued at $3,252,000 after buying an additional 17,079 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

A. O. Smith Stock Performance

Shares of A. O. Smith stock opened at $72.49 on Monday. The firm has a fifty day moving average of $76.19 and a two-hundred day moving average of $80.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.92 and a beta of 1.16. A. O. Smith Co. has a 52 week low of $70.73 and a 52 week high of $92.44.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting analysts’ consensus estimates of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The business had revenue of $957.80 million during the quarter, compared to the consensus estimate of $960.36 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. As a group, equities research analysts predict that A. O. Smith Co. will post 3.77 EPS for the current year.

A. O. Smith Increases Dividend

The company also recently disclosed 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 is a positive change from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, October 31st. This represents a $1.36 annualized dividend and a yield of 1.88%. A. O. Smith’s dividend payout ratio (DPR) is presently 35.79%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup decreased their price objective on shares of A. O. Smith from $85.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Stifel Nicolaus lowered their price target on shares of A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. StockNews.com cut shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Finally, DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a research note on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, A. O. Smith has an average rating of “Hold” and an average price target of $83.17.

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.