Mutual Advisors LLC Buys Shares of 2,931 A. O. Smith Co. (NYSE:AOS)

Mutual Advisors LLC acquired a new position in A. O. Smith Co. (NYSE:AOS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,931 shares of the industrial products company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in A. O. Smith during the 3rd quarter valued at $1,726,000. Sanctuary Advisors LLC purchased a new stake in A. O. Smith in the 2nd quarter worth approximately $1,372,000. Geode Capital Management LLC raised its position in shares of A. O. Smith by 1.5% in the third quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company’s stock worth $321,348,000 after acquiring an additional 52,593 shares during the period. FORA Capital LLC purchased a new stake in shares of A. O. Smith in the third quarter valued at approximately $730,000. Finally, WealthPlan Investment Management LLC raised its position in shares of A. O. Smith by 89.3% during the 3rd quarter. WealthPlan Investment Management LLC now owns 36,206 shares of the industrial products company’s stock worth $3,252,000 after purchasing an additional 17,079 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Trading Down 2.3 %

Shares of A. O. Smith stock opened at $69.77 on Wednesday. The company has a 50-day moving average of $71.01 and a two-hundred day moving average of $77.66. 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 stock has a market cap of $10.12 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.47 and a beta of 1.18. A. O. Smith Co. has a 12-month low of $67.17 and a 12-month high of $92.44.

A. O. Smith Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.36 annualized dividend and a yield of 1.95%. A. O. Smith’s dividend payout ratio (DPR) is currently 35.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group upgraded shares of A. O. Smith from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Oppenheimer upgraded shares of A. O. Smith from a “market perform” rating to an “outperform” rating and set a $88.00 price objective for the company in a report on Tuesday, January 14th. Stifel Nicolaus lowered their price target on shares of A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. DA Davidson downgraded shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research report on Wednesday, October 23rd. Finally, Citigroup cut their target price on shares of A. O. Smith from $78.00 to $73.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $83.14.

A. O. Smith 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.