Mutual of America Capital Management LLC Sells 463 Shares of A. O. Smith Co. (NYSE:AOS)

Mutual of America Capital Management LLC lessened its stake in A. O. Smith Co. (NYSE:AOS) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,776 shares of the industrial products company’s stock after selling 463 shares during the period. Mutual of America Capital Management LLC’s holdings in A. O. Smith were worth $1,327,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AOS. University of Texas Texas AM Investment Management Co. bought a new position in A. O. Smith in the second quarter valued at $25,000. Isthmus Partners LLC purchased a new position in shares of A. O. Smith in the 2nd quarter worth about $27,000. Quarry LP increased its position in shares of A. O. Smith by 214.9% during the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 245 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in shares of A. O. Smith during the 3rd quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC bought a new stake in A. O. Smith in the 3rd quarter worth approximately $37,000. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Stock Performance

Shares of NYSE:AOS opened at $75.43 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17. A. O. Smith Co. has a 12 month low of $70.73 and a 12 month high of $92.44. The company has a 50-day moving average price of $79.81 and a 200-day moving average price of $81.72.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The business had revenue of $957.80 million during the quarter, compared to analysts’ expectations of $960.36 million. During the same quarter last year, the business posted $0.90 EPS. As a group, equities analysts anticipate that A. O. Smith Co. will post 3.78 EPS for the current year.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.34 per share. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, October 31st. A. O. Smith’s payout ratio is presently 35.79%.

Analyst Upgrades and Downgrades

AOS has been the topic of a number of recent research reports. UBS Group upgraded shares of A. O. Smith from a “sell” rating to a “neutral” rating and increased their price target for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. DA Davidson lowered shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a report on Wednesday, October 23rd. Robert W. Baird lowered their price target on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus decreased their price objective on A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.71.

A. O. Smith Company Profile

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.