BNP Paribas Arbitrage SA Sells 60,022 Shares of A. O. Smith Co. (NYSE:AOS)

BNP Paribas Arbitrage SA reduced its stake in A. O. Smith Co. (NYSE:AOSGet Rating) by 44.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,149 shares of the industrial products company’s stock after selling 60,022 shares during the period. BNP Paribas Arbitrage SA’s holdings in A. O. Smith were worth $6,537,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AOS. FMR LLC boosted its position in shares of A. O. Smith by 51.9% in the 1st quarter. FMR LLC now owns 813,266 shares of the industrial products company’s stock worth $43,364,000 after purchasing an additional 277,862 shares during the last quarter. Morgan Stanley lifted its holdings in A. O. Smith by 53.3% during the second quarter. Morgan Stanley now owns 1,047,672 shares of the industrial products company’s stock worth $75,495,000 after acquiring an additional 364,383 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in A. O. Smith by 1.1% during the third quarter. Advisor Group Holdings Inc. now owns 50,276 shares of the industrial products company’s stock worth $3,071,000 after acquiring an additional 544 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in A. O. Smith by 10.8% during the third quarter. Russell Investments Group Ltd. now owns 105,575 shares of the industrial products company’s stock worth $6,465,000 after acquiring an additional 10,320 shares in the last quarter. Finally, TD Asset Management Inc. lifted its holdings in A. O. Smith by 14.4% during the third quarter. TD Asset Management Inc. now owns 44,797 shares of the industrial products company’s stock worth $2,736,000 after acquiring an additional 5,650 shares in the last quarter. Institutional investors and hedge funds own 76.55% of the company’s stock.

Shares of A. O. Smith stock opened at $60.01 on Friday. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The stock’s 50-day moving average is $64.11 and its 200-day moving average is $73.25. A. O. Smith Co. has a one year low of $57.05 and a one year high of $86.74. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.72 and a quick ratio of 1.23.

A. O. Smith (NYSE:AOSGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $977.70 million for the quarter, compared to analyst estimates of $967.05 million. A. O. Smith had a return on equity of 27.82% and a net margin of 13.59%. The company’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. On average, equities analysts expect that A. O. Smith Co. will post 3.55 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 29th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, April 28th. A. O. Smith’s dividend payout ratio is currently 35.22%.

Several research firms have weighed in on AOS. Robert W. Baird reduced their target price on A. O. Smith from $79.00 to $72.00 in a report on Friday, April 29th. Stifel Nicolaus reduced their target price on A. O. Smith from $80.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, April 18th. StockNews.com lowered A. O. Smith from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Finally, William Blair lowered A. O. Smith from an “outperform” rating to a “market perform” rating in a report on Sunday, May 1st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $84.40.

In related news, Director Michael M. Larsen bought 3,925 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The shares were acquired at an average price of $69.87 per share, with a total value of $274,239.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is currently owned by insiders.

A. O. Smith Company Profile (Get Rating)

A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump 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; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices.

Further Reading

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Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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