Meeder Asset Management Inc. boosted its position in A. O. Smith Corp (NYSE:AOS) by 70.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,261 shares of the industrial products company’s stock after buying an additional 6,300 shares during the quarter. Meeder Asset Management Inc.’s holdings in A. O. Smith were worth $814,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of A. O. Smith during the 4th quarter worth approximately $122,493,000. Two Sigma Investments LP increased its position in shares of A. O. Smith by 432.1% during the 4th quarter. Two Sigma Investments LP now owns 2,075,448 shares of the industrial products company’s stock worth $88,622,000 after purchasing an additional 1,685,430 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of A. O. Smith by 676.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,910,897 shares of the industrial products company’s stock worth $81,595,000 after purchasing an additional 1,664,800 shares during the last quarter. Impax Asset Management Group plc increased its position in shares of A. O. Smith by 51.1% during the 4th quarter. Impax Asset Management Group plc now owns 4,283,691 shares of the industrial products company’s stock worth $182,914,000 after purchasing an additional 1,448,313 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its position in shares of A. O. Smith by 285.2% during the 4th quarter. Ceredex Value Advisors LLC now owns 1,925,958 shares of the industrial products company’s stock worth $82,239,000 after purchasing an additional 1,426,033 shares during the last quarter. 76.76% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on the company. Zacks Investment Research raised A. O. Smith from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. ValuEngine raised A. O. Smith from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Robert W. Baird boosted their price target on A. O. Smith from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. KeyCorp boosted their price target on A. O. Smith from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 12th. Finally, BMO Capital Markets lowered A. O. Smith from an “outperform” rating to a “market perform” rating and set a $53.00 price target on the stock. in a research report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. A. O. Smith has a consensus rating of “Hold” and a consensus target price of $62.70.

In related news, Director Paul W. Jones sold 20,000 shares of the business’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $49.00, for a total value of $980,000.00. Following the completion of the sale, the director now directly owns 180,967 shares in the company, valued at approximately $8,867,383. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wallace E. Goodwin sold 13,200 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $50.02, for a total value of $660,264.00. The disclosure for this sale can be found here. Insiders sold a total of 38,036 shares of company stock valued at $1,879,646 over the last 90 days. 1.03% of the stock is currently owned by corporate insiders.

AOS stock opened at $56.49 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.70 and a debt-to-equity ratio of 0.13. The company has a market cap of $9.60 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. A. O. Smith Corp has a 1-year low of $40.34 and a 1-year high of $65.89.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, January 29th. The industrial products company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $812.50 million for the quarter, compared to analyst estimates of $821.35 million. A. O. Smith had a return on equity of 26.00% and a net margin of 13.93%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. Equities analysts forecast that A. O. Smith Corp will post 2.72 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.88 annualized dividend and a yield of 1.56%. A. O. Smith’s dividend payout ratio (DPR) is presently 33.72%.

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

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