Envestnet Asset Management Inc. Has $64.28 Million Stock Position in A. O. Smith Co. (NYSE:AOS)

Envestnet Asset Management Inc. reduced its holdings in A. O. Smith Co. (NYSE:AOSFree Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 779,674 shares of the industrial products company’s stock after selling 24,750 shares during the period. Envestnet Asset Management Inc.’s holdings in A. O. Smith were worth $64,276,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AOS. Addison Advisors LLC increased its position in A. O. Smith by 28.7% during the fourth quarter. Addison Advisors LLC now owns 916 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 204 shares during the period. Covestor Ltd increased its holdings in shares of A. O. Smith by 39.2% during the 3rd quarter. Covestor Ltd now owns 1,203 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 339 shares during the period. Signaturefd LLC raised its position in shares of A. O. Smith by 25.5% during the fourth quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock valued at $79,000 after buying an additional 195 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of A. O. Smith by 52.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,506 shares of the industrial products company’s stock valued at $122,000 after buying an additional 518 shares during the period. Finally, Desjardins Global Asset Management Inc. grew its position in A. O. Smith by 31.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,597 shares of the industrial products company’s stock worth $132,000 after buying an additional 382 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Oppenheimer reaffirmed a “market perform” rating on shares of A. O. Smith in a report on Thursday, April 18th. Jefferies Financial Group upped their target price on A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Robert W. Baird lifted their price target on shares of A. O. Smith from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Stifel Nicolaus dropped their price objective on shares of A. O. Smith from $91.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Finally, StockNews.com downgraded shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.67.

Get Our Latest Stock Analysis on A. O. Smith

A. O. Smith Stock Performance

A. O. Smith stock opened at $81.51 on Tuesday. The firm has a market capitalization of $11.96 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.21 and a beta of 1.19. The stock has a fifty day moving average price of $85.08 and a two-hundred day moving average price of $82.72. A. O. Smith Co. has a 52-week low of $64.14 and a 52-week high of $89.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.06.

A. O. Smith (NYSE:AOSGet Free Report) last posted its earnings results on Thursday, April 25th. The industrial products company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. A. O. Smith had a net margin of 14.94% and a return on equity of 30.94%. The business had revenue of $978.80 million for the quarter, compared to analyst estimates of $995.91 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, analysts anticipate that A. O. Smith Co. will post 4.08 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, April 29th. A. O. Smith’s dividend payout ratio (DPR) is currently 33.16%.

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.

Further Reading

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

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