A. O. Smith Corp (AOS) Holdings Lifted by Trillium Asset Management LLC
Trillium Asset Management LLC grew its position in A. O. Smith Corp (NYSE:AOS) by 1.7% in the 1st quarter, Holdings Channel reports. The firm owned 131,090 shares of the industrial products company’s stock after buying an additional 2,140 shares during the period. Trillium Asset Management LLC’s holdings in A. O. Smith were worth $6,990,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bremer Trust National Association bought a new position in shares of A. O. Smith in the fourth quarter valued at approximately $26,000. Huntington National Bank boosted its holdings in shares of A. O. Smith by 82.2% in the first quarter. Huntington National Bank now owns 512 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 231 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of A. O. Smith in the fourth quarter valued at approximately $33,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of A. O. Smith by 3,884.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,414,865 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 1,379,356 shares in the last quarter. Finally, CSat Investment Advisory L.P. boosted its holdings in shares of A. O. Smith by 141.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,006 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 589 shares in the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.
NYSE:AOS traded down $4.27 during trading hours on Thursday, reaching $43.87. 511,155 shares of the company’s stock were exchanged, compared to its average volume of 1,486,871. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.81 and a beta of 1.35. A. O. Smith Corp has a 12 month low of $40.34 and a 12 month high of $65.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.82 and a current ratio of 2.25.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Monday, April 29th. A. O. Smith’s payout ratio is 33.72%.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of A. O. Smith from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine cut shares of A. O. Smith from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Boenning Scattergood cut shares of A. O. Smith from an “outperform” rating to a “neutral” rating and set a $52.98 target price for the company. in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $58.12.
In related news, Director Ronald D. Brown sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $52.45, for a total value of $419,600.00. Following the completion of the sale, the director now owns 35,896 shares in the company, valued at approximately $1,882,745.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Paul R. Dana sold 9,010 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $52.76, for a total transaction of $475,367.60. Following the completion of the sale, the vice president now owns 14,912 shares of the company’s stock, valued at approximately $786,757.12. The disclosure for this sale can be found here. Insiders have sold 18,010 shares of company stock valued at $944,468 over the last 90 days. 1.03% of the stock is currently owned by insiders.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.
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