Marshall Wace LLP Invests $31.80 Million in A. O. Smith Corp (AOS) Stock
Marshall Wace LLP purchased a new stake in shares of A. O. Smith Corp (NYSE:AOS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 595,877 shares of the industrial products company’s stock, valued at approximately $31,802,000. Marshall Wace LLP owned about 0.35% of A. O. Smith as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Fort L.P. purchased a new position in shares of A. O. Smith during the 2nd quarter worth $116,000. Signet Financial Management LLC acquired a new stake in shares of A. O. Smith during the second quarter valued at $119,000. Captrust Financial Advisors lifted 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 worth $134,000 after buying an additional 1,031 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of A. O. Smith in the 2nd quarter worth about $142,000. Finally, Federated Investors Inc. PA purchased a new stake in shares of A. O. Smith during the 2nd quarter valued at about $145,000. 77.02% of the stock is owned by hedge funds and other institutional investors.
In other A. O. Smith news, Director Paul W. Jones sold 9,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $9,242,472.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.28% of the company’s stock.
A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). A. O. Smith had a net margin of 10.83% and a return on equity of 24.98%. The company had revenue of $754.10 million during the quarter, compared to analysts’ expectations of $805.92 million. During the same period in the previous year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts forecast that A. O. Smith Corp will post 2.57 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.97%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, October 30th. A. O. Smith’s payout ratio is presently 40.55%.
AOS has been the subject of several research analyst reports. Oppenheimer reissued a “hold” rating on shares of A. O. Smith in a research report on Tuesday, September 18th. Robert W. Baird reduced their price target on A. O. Smith from $68.00 to $58.00 and set an “outperform” rating for the company in a report on Wednesday, October 10th. Zacks Investment Research downgraded shares of A. O. Smith from a “hold” rating to a “sell” rating in a research report on Wednesday. BMO Capital Markets dropped their price target on shares of A. O. Smith from $73.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday, October 31st. Finally, Stephens started coverage on shares of A. O. Smith in a research note on Monday, November 19th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $64.00.
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A. O. Smith Company 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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