Louisiana State Employees Retirement System Invests $398,000 in A. O. Smith Co. (NYSE:AOS)

Louisiana State Employees Retirement System acquired a new position in shares of A. O. Smith Co. (NYSE:AOSGet Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,200 shares of the industrial products company’s stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. First Republic Investment Management Inc. raised its stake in shares of A. O. Smith by 1.5% during the 2nd quarter. First Republic Investment Management Inc. now owns 11,922 shares of the industrial products company’s stock worth $652,000 after purchasing an additional 172 shares in the last quarter. Synovus Financial Corp raised its stake in shares of A. O. Smith by 2.8% during the 2nd quarter. Synovus Financial Corp now owns 6,606 shares of the industrial products company’s stock worth $354,000 after purchasing an additional 178 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of A. O. Smith by 1.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 18,687 shares of the industrial products company’s stock worth $1,021,000 after purchasing an additional 190 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of A. O. Smith by 1.1% during the 2nd quarter. Mutual of America Capital Management LLC now owns 17,872 shares of the industrial products company’s stock worth $977,000 after purchasing an additional 196 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of A. O. Smith by 4.9% during the 1st quarter. Raymond James Trust N.A. now owns 4,351 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup boosted their target price on A. O. Smith from $50.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 9th. DA Davidson decreased their target price on A. O. Smith from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, October 19th. UBS Group lowered A. O. Smith from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $65.00 to $58.00 in a report on Tuesday. StockNews.com lowered A. O. Smith from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Finally, Stifel Nicolaus decreased their target price on A. O. Smith from $63.00 to $56.00 and set a “hold” rating on the stock in a report on Tuesday, October 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, A. O. Smith presently has a consensus rating of “Hold” and a consensus target price of $61.83.

A. O. Smith Stock Performance

Shares of NYSE AOS opened at $59.86 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.74 and a quick ratio of 1.16. The stock’s fifty day moving average price is $58.70 and its two-hundred day moving average price is $56.82. A. O. Smith Co. has a one year low of $46.58 and a one year high of $84.95. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 2.13 and a beta of 1.24.

A. O. Smith (NYSE:AOSGet Rating) last released its earnings results on Thursday, October 27th. The industrial products company reported $0.69 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.69. The firm had revenue of $874.20 million during the quarter, compared to the consensus estimate of $874.04 million. A. O. Smith had a return on equity of 27.67% and a net margin of 12.99%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. On average, equities analysts forecast that A. O. Smith Co. will post 3.09 EPS for the current year.

A. O. Smith Company Profile

(Get Rating)

A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump 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; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis 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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