Quantbot Technologies LP Has $3.43 Million Stock Position in A. O. Smith Corporation $AOS

Quantbot Technologies LP reduced its stake in shares of A. O. Smith Corporation (NYSE:AOS) by 38.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,777 shares of the industrial products company’s stock after selling 29,700 shares during the quarter. Quantbot Technologies LP’s holdings in A. O. Smith were worth $3,434,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. WealthPLAN Partners LLC increased its holdings in shares of A. O. Smith by 1.3% during the 3rd quarter. WealthPLAN Partners LLC now owns 12,080 shares of the industrial products company’s stock worth $887,000 after purchasing an additional 158 shares during the period. EverSource Wealth Advisors LLC grew its position in A. O. Smith by 17.3% during the third quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the industrial products company’s stock worth $83,000 after buying an additional 167 shares in the last quarter. True Wealth Design LLC grew its position in A. O. Smith by 37.8% during the third quarter. True Wealth Design LLC now owns 613 shares of the industrial products company’s stock worth $45,000 after buying an additional 168 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its stake in A. O. Smith by 4.5% during the second quarter. Legacy Capital Wealth Partners LLC now owns 3,972 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 171 shares during the period. Finally, Financial Advocates Investment Management raised its holdings in A. O. Smith by 2.5% in the 2nd quarter. Financial Advocates Investment Management now owns 7,040 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 175 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

A. O. Smith Stock Down 0.1%

Shares of NYSE AOS opened at $77.93 on Tuesday. A. O. Smith Corporation has a 52-week low of $58.83 and a 52-week high of $81.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.94 and a current ratio of 1.50. The business has a fifty day moving average of $73.49 and a two-hundred day moving average of $70.78. The stock has a market cap of $10.78 billion, a PE ratio of 20.19, a PEG ratio of 1.61 and a beta of 1.33.

A. O. Smith (NYSE:AOS) last posted its earnings results on Thursday, January 29th. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. The business had revenue of $912.50 million for the quarter, compared to analyst estimates of $928.97 million. A. O. Smith had a net margin of 14.26% and a return on equity of 29.51%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. As a group, equities research analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, January 30th. A. O. Smith’s payout ratio is presently 37.31%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AOS. Weiss Ratings reissued a “hold (c)” rating on shares of A. O. Smith in a report on Wednesday, December 24th. DA Davidson reiterated a “neutral” rating and set a $75.00 price target on shares of A. O. Smith in a research note on Thursday, November 13th. Robert W. Baird set a $77.00 price target on shares of A. O. Smith in a report on Friday, January 30th. Jefferies Financial Group set a $75.00 price objective on shares of A. O. Smith and gave the stock a “hold” rating in a report on Friday, January 9th. Finally, Citigroup reiterated a “neutral” rating and set a $78.00 target price (up from $72.00) on shares of A. O. Smith in a research report on Friday, January 30th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $77.00.

Insider Buying and Selling

In other news, SVP Darrell W. Schuh sold 356 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $79.89, for a total transaction of $28,440.84. Following the sale, the senior vice president owned 3,295 shares in the company, valued at approximately $263,237.55. This represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.76% of the company’s stock.

A. O. Smith Profile

A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.

The company operates through two primary segments: North America and Asia.