Clarus Wealth Advisors Makes New Investment in A. O. Smith Co. (NYSE:AOS)

Clarus Wealth Advisors purchased a new stake in A. O. Smith Co. (NYSE:AOSFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,497 shares of the industrial products company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AOS. Artemis Wealth Advisors LLC acquired a new stake in A. O. Smith during the 3rd quarter worth $37,000. FinTrust Capital Advisors LLC raised its position in shares of A. O. Smith by 628.0% during the third quarter. FinTrust Capital Advisors LLC now owns 597 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 515 shares during the period. Addison Advisors LLC lifted its holdings in shares of A. O. Smith by 36.1% during the 3rd quarter. Addison Advisors LLC now owns 712 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 189 shares in the last quarter. West Tower Group LLC acquired a new position in shares of A. O. Smith in the 2nd quarter valued at approximately $55,000. Finally, Private Trust Co. NA increased its stake in A. O. Smith by 393.1% during the 3rd quarter. Private Trust Co. NA now owns 858 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 684 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

A. O. Smith Stock Up 0.7 %

Shares of AOS stock opened at $89.46 on Monday. The firm’s fifty day moving average price is $83.16 and its two-hundred day moving average price is $77.19. A. O. Smith Co. has a 1 year low of $63.40 and a 1 year high of $89.96. The company has a current ratio of 1.59, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $13.17 billion, a P/E ratio of 24.18, a PEG ratio of 2.44 and a beta of 1.25.

A. O. Smith (NYSE:AOSGet Free Report) last released its earnings results on Tuesday, January 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. The business had revenue of $988.10 million for the quarter, compared to analyst estimates of $985.89 million. A. O. Smith had a return on equity of 31.05% and a net margin of 14.45%. A. O. Smith’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. On average, equities analysts predict that A. O. Smith Co. will post 4.07 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.28 annualized dividend and a dividend yield of 1.43%. A. O. Smith’s dividend payout ratio is presently 34.59%.

Insider Buying and Selling

In other news, Director Idelle K. Wolf sold 814 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total transaction of $65,120.00. Following the transaction, the director now directly owns 46,140 shares in the company, valued at approximately $3,691,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Robert J. Heideman sold 9,890 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $84.63, for a total value of $836,990.70. Following the transaction, the vice president now owns 9,455 shares of the company’s stock, valued at $800,176.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Idelle K. Wolf sold 814 shares of A. O. Smith stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total value of $65,120.00. Following the sale, the director now directly owns 46,140 shares of the company’s stock, valued at $3,691,200. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,631 shares of company stock worth $8,042,535. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AOS. Stifel Nicolaus lifted their price target on shares of A. O. Smith from $74.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, December 19th. StockNews.com lowered shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Citigroup lifted their price target on A. O. Smith from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Monday, December 11th. Finally, Northcoast Research raised A. O. Smith from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, A. O. Smith currently has an average rating of “Hold” and an average price target of $83.40.

View Our Latest Research Report on A. O. Smith

A. O. Smith Company Profile

(Free Report)

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and 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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