Mutual of America Capital Management LLC Has $973,000 Stake in A. O. Smith Co. (NYSE:AOS)

Mutual of America Capital Management LLC lowered its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,271 shares of the industrial products company’s stock after selling 505 shares during the period. Mutual of America Capital Management LLC’s holdings in A. O. Smith were worth $973,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AOS. Van ECK Associates Corp increased its position in A. O. Smith by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 24,552 shares of the industrial products company’s stock valued at $2,206,000 after buying an additional 2,435 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of A. O. Smith during the third quarter valued at approximately $240,000. Assetmark Inc. boosted its holdings in shares of A. O. Smith by 9.4% in the 3rd quarter. Assetmark Inc. now owns 25,991 shares of the industrial products company’s stock worth $2,335,000 after buying an additional 2,236 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in A. O. Smith in the third quarter worth about $209,000. Finally, Colonial River Investments LLC purchased a new position in A. O. Smith in the third quarter valued at approximately $209,000. 76.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Robert J. Heideman sold 1,026 shares of A. O. Smith stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $65.65, for a total transaction of $67,356.90. Following the completion of the transaction, the vice president now directly owns 8,889 shares in the company, valued at approximately $583,562.85. This trade represents a 10.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas Samuel Karge sold 419 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $65.65, for a total value of $27,507.35. Following the transaction, the senior vice president now owns 2,749 shares of the company’s stock, valued at $180,471.85. The trade was a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

A. O. Smith Stock Performance

Shares of NYSE AOS opened at $69.45 on Monday. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.46 and a beta of 1.18. The stock’s 50-day moving average is $67.95 and its 200 day moving average is $74.37. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. A. O. Smith Co. has a 1-year low of $64.55 and a 1-year high of $92.44.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). A. O. Smith had a return on equity of 28.87% and a net margin of 13.98%. On average, sell-side analysts anticipate that A. O. Smith Co. will post 3.76 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, January 31st. A. O. Smith’s dividend payout ratio (DPR) is currently 37.47%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group decreased their price objective on A. O. Smith from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Weiss Ratings reissued a “hold (c)” rating on shares of A. O. Smith in a report on Friday. Oppenheimer cut their price objective on shares of A. O. Smith from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Finally, Citigroup lowered 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 research note on Monday, January 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $80.86.

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.