Hsbc Holdings PLC raised its stake in shares of A. O. Smith Corp (NYSE:AOS) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,041 shares of the industrial products company’s stock after purchasing an additional 10,556 shares during the period. Hsbc Holdings PLC owned 0.09% of A. O. Smith worth $7,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Bath Savings Trust Co raised its position in A. O. Smith by 17.3% during the third quarter. Bath Savings Trust Co now owns 6,650 shares of the industrial products company’s stock valued at $355,000 after purchasing an additional 980 shares during the period. Captrust Financial Advisors raised its position in A. O. Smith by 83.6% during the second quarter. Captrust Financial Advisors now owns 2,264 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 1,031 shares during the period. Janney Montgomery Scott LLC raised its position in A. O. Smith by 13.1% during the third quarter. Janney Montgomery Scott LLC now owns 11,171 shares of the industrial products company’s stock valued at $596,000 after purchasing an additional 1,293 shares during the period. Synovus Financial Corp grew its stake in shares of A. O. Smith by 10.2% during the third quarter. Synovus Financial Corp now owns 14,038 shares of the industrial products company’s stock valued at $748,000 after buying an additional 1,296 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its stake in shares of A. O. Smith by 2.7% during the second quarter. Riverhead Capital Management LLC now owns 50,356 shares of the industrial products company’s stock valued at $2,978,000 after buying an additional 1,326 shares during the last quarter. Institutional investors and hedge funds own 77.02% of the company’s stock.

In related news, Director Paul W. Jones sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $45.99, for a total value of $413,910.00. Following the transaction, the director now owns 200,967 shares of the company’s stock, valued at $9,242,472.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.28% of the stock is owned by corporate insiders.

AOS has been the topic of a number of analyst reports. Goldman Sachs Group initiated coverage on A. O. Smith in a research note on Tuesday, October 2nd. They set a “sell” rating and a $50.00 target price on the stock. ValuEngine cut A. O. Smith from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Zacks Investment Research raised A. O. Smith from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Stephens initiated coverage on A. O. Smith in a research note on Monday, November 19th. They set an “equal weight” rating and a $50.00 target price on the stock. Finally, BMO Capital Markets cut their target price on A. O. Smith from $73.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. A. O. Smith has a consensus rating of “Hold” and a consensus target price of $64.00.

AOS opened at $45.17 on Thursday. The company has a market cap of $7.68 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.56 and a beta of 1.45. A. O. Smith Corp has a one year low of $40.34 and a one year high of $68.39. The company has a current ratio of 2.16, a quick ratio of 1.75 and a debt-to-equity ratio of 0.11.

A. O. Smith (NYSE:AOS) last released its earnings results on Tuesday, October 30th. The industrial products company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The business had revenue of $754.10 million for the quarter, compared to the consensus estimate of $805.92 million. A. O. Smith had a net margin of 10.83% and a return on equity of 24.98%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. As a group, equities research analysts predict that A. O. Smith Corp will post 2.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $0.88 annualized dividend and a yield of 1.95%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.18. A. O. Smith’s dividend payout ratio is 40.55%.

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

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