SG Americas Securities LLC Has $17.35 Million Position in A. O. Smith Corporation $AOS

SG Americas Securities LLC raised its stake in A. O. Smith Corporation (NYSE:AOS) by 3,725.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 259,466 shares of the industrial products company’s stock after purchasing an additional 252,683 shares during the period. SG Americas Securities LLC’s holdings in A. O. Smith were worth $17,353,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AOS. WealthPLAN Partners LLC boosted its position in shares of A. O. Smith by 1.3% in 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 in the last quarter. EverSource Wealth Advisors LLC grew its stake in A. O. Smith by 17.3% during the 3rd 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 during the last quarter. True Wealth Design LLC increased its position in A. O. Smith by 37.8% during the 3rd quarter. True Wealth Design LLC now owns 613 shares of the industrial products company’s stock valued at $45,000 after buying an additional 168 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its stake in A. O. Smith by 4.5% in 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 buying an additional 171 shares during the last quarter. Finally, Allworth Financial LP raised its stake in A. O. Smith by 24.8% in the third quarter. Allworth Financial LP now owns 871 shares of the industrial products company’s stock valued at $64,000 after buying an additional 173 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

A. O. Smith Stock Performance

Shares of NYSE AOS opened at $64.37 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.94 and a debt-to-equity ratio of 0.06. A. O. Smith Corporation has a 12 month low of $58.83 and a 12 month high of $81.86. The company has a 50 day simple moving average of $72.97 and a two-hundred day simple moving average of $70.20. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.36 and a beta of 1.33.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Thursday, January 29th. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. The company 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 revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, analysts predict that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.44 dividend on an annualized basis and a yield of 2.2%. A. O. Smith’s payout ratio is presently 37.31%.

Insider Buying and Selling

In other A. O. Smith news, SVP Darrell W. Schuh sold 1,104 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $74.39, for a total value of $82,126.56. Following the sale, the senior vice president owned 2,201 shares in the company, valued at approximately $163,732.39. This represents a 33.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

AOS has been the topic of a number of research analyst reports. Robert W. Baird set a $77.00 price target on A. O. Smith in a research note on Friday, January 30th. Stifel Nicolaus set a $85.00 price objective on shares of A. O. Smith and gave the company a “buy” rating in a research report on Friday, January 30th. The Goldman Sachs Group set a $69.00 target price on shares of A. O. Smith and gave the stock a “sell” rating in a research note on Thursday, February 12th. Jefferies Financial Group set a $75.00 target price on shares of A. O. Smith and gave the stock a “hold” rating in a research report on Friday, January 9th. Finally, Citigroup restated a “neutral” rating and set a $78.00 price target (up from $72.00) on shares of A. O. Smith in a research note on Friday, January 30th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $77.00.

About A. O. Smith

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.