A. O. Smith Corp (AOS) Position Lifted by Ceredex Value Advisors LLC
Ceredex Value Advisors LLC increased its position in shares of A. O. Smith Corp (NYSE:AOS) by 285.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,925,958 shares of the industrial products company’s stock after acquiring an additional 1,426,033 shares during the quarter. A. O. Smith comprises 1.1% of Ceredex Value Advisors LLC’s holdings, making the stock its 25th biggest position. Ceredex Value Advisors LLC’s holdings in A. O. Smith were worth $82,239,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of A. O. Smith by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,115,094 shares of the industrial products company’s stock valued at $65,957,000 after purchasing an additional 5,253 shares in the last quarter. State of Alaska Department of Revenue grew its position in A. O. Smith by 5.9% in the third quarter. State of Alaska Department of Revenue now owns 30,436 shares of the industrial products company’s stock worth $1,624,000 after acquiring an additional 1,706 shares in the last quarter. Bank of Montreal Can grew its position in A. O. Smith by 76.4% in the third quarter. Bank of Montreal Can now owns 695,232 shares of the industrial products company’s stock worth $37,105,000 after acquiring an additional 301,211 shares in the last quarter. First Hawaiian Bank purchased a new position in A. O. Smith in the third quarter worth $822,000. Finally, Andra AP fonden grew its position in A. O. Smith by 31.4% in the third quarter. Andra AP fonden now owns 44,400 shares of the industrial products company’s stock worth $2,370,000 after acquiring an additional 10,600 shares in the last quarter. 77.59% of the stock is currently owned by institutional investors.
In other news, SVP Paul R. Dana sold 4,836 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $49.50, for a total transaction of $239,382.00. Following the sale, the senior vice president now owns 5,891 shares in the company, valued at $291,604.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Wallace E. Goodwin sold 13,200 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $50.02, for a total transaction of $660,264.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,036 shares of company stock worth $1,879,646. Corporate insiders own 1.28% of the company’s stock.
A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The business had revenue of $812.50 million for the quarter, compared to analysts’ expectations of $821.35 million. A. O. Smith had a net margin of 13.93% and a return on equity of 26.00%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, equities analysts predict that A. O. Smith Corp will post 2.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, January 30th. A. O. Smith’s payout ratio is 33.72%.
Several analysts have weighed in on the stock. Boenning Scattergood reissued a “buy” rating on shares of A. O. Smith in a research note on Tuesday, January 29th. Stephens initiated coverage on shares of A. O. Smith in a research note on Monday, November 19th. They set an “equal weight” rating and a $50.00 price objective for the company. ValuEngine raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. Oppenheimer reaffirmed a “hold” rating on shares of A. O. Smith in a research note on Tuesday, October 30th. Finally, Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. A. O. Smith presently has a consensus rating of “Hold” and an average price target of $62.56.
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A. O. Smith Profile
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large 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 filtrations products for residences, restaurants, hotels, and offices.
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