Boston Trust Walden Corp Raises Stock Position in A. O. Smith Co. (NYSE:AOS)
Boston Trust Walden Corp increased its position in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 714,691 shares of the industrial products company's sto Boston Trust Walden Corp increased its position in shares of A. O. Smith Co. (NYSE:AOS) by 2.5% in the fourth quarter. The firm now owns 714,691 shares of the industrial products company's stock after purchasing an additional 17,148 shares during the period. Boston Trust owned approximately 0.48% of the company, valued at $58,919,000. Other large investors have also made changes to their positions in AOS. AOS reported a profit of $0.97 per share for the quarter, beating analysts' expectations of $98810 million. The company's quarterly revenue was up 5% compared to the same period.
Published : a month ago by MarketBeat in Finance
Boston Trust Walden Corp increased its position in shares of A. O. Smith Co. (NYSE:AOS - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 714,691 shares of the industrial products company's stock after purchasing an additional 17,148 shares during the period. Boston Trust Walden Corp owned approximately 0.48% of A. O. Smith worth $58,919,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in AOS. Artemis Wealth Advisors LLC purchased a new stake in A. O. Smith in the 3rd quarter valued at about $37,000. FinTrust Capital Advisors LLC boosted its position in A. O. Smith by 628.0% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 597 shares of the industrial products company's stock valued at $39,000 after buying an additional 515 shares during the period. Addison Advisors LLC boosted its position in A. O. Smith by 36.1% in the 3rd quarter. Addison Advisors LLC now owns 712 shares of the industrial products company's stock valued at $47,000 after buying an additional 189 shares during the period. West Tower Group LLC bought a new stake in shares of A. O. Smith in the 2nd quarter valued at about $55,000. Finally, Private Trust Co. NA raised its holdings in shares of A. O. Smith by 393.1% in the 3rd quarter. Private Trust Co. NA now owns 858 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 684 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on AOS. Northcoast Research raised shares of A. O. Smith from a "neutral" rating to a "buy" rating and set a $90.00 target price on the stock in a research report on Tuesday, December 12th. Citigroup upped their price objective on shares of A. O. Smith from $76.00 to $82.00 and gave the stock a "neutral" rating in a research report on Monday, December 11th. StockNews.com cut shares of A. O. Smith from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus upped their price objective on shares of A. O. Smith from $74.00 to $80.00 and gave the stock a "hold" rating in a research report on Tuesday, December 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, A. O. Smith presently has a consensus rating of "Hold" and an average target price of $83.40.
Get Our Latest Analysis on AOS
Shares of AOS stock traded down $1.51 during trading hours on Thursday, hitting $87.14. 1,036,221 shares of the company were exchanged, compared to its average volume of 940,928. The firm has a market cap of $12.83 billion, a PE ratio of 23.55, a PEG ratio of 2.42 and a beta of 1.25. A. O. Smith Co. has a 1 year low of $63.40 and a 1 year high of $89.96. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $83.71 and a 200 day moving average of $77.63.
A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings data 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. A. O. Smith had a net margin of 14.45% and a return on equity of 31.05%. The company had revenue of $988.10 million during the quarter, compared to analyst estimates of $985.89 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. The business's quarterly revenue was up 5.6% compared to the same quarter last year. Analysts expect that A. O. Smith Co. will post 4.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.28 annualized dividend and a yield of 1.47%. A. O. Smith's dividend payout ratio (DPR) is 34.59%.
In other A. O. Smith news, Director Ajita G. Rajendra sold 60,258 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $84.51, for a total value of $5,092,403.58. Following the sale, the director now owns 56,951 shares in the company, valued at $4,812,929.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other A. O. Smith news, Director Ajita G. Rajendra sold 24,669 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $83.02, for a total value of $2,048,020.38. Following the sale, the director now owns 56,951 shares in the company, valued at $4,728,072.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ajita G. Rajendra sold 60,258 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $84.51, for a total transaction of $5,092,403.58. Following the completion of the transaction, the director now owns 56,951 shares of the company's stock, valued at $4,812,929.01. The disclosure for this sale can be found here. Insiders have sold a total of 95,631 shares of company stock worth $8,042,535 over the last quarter. 2.70% of the stock is owned by company insiders.
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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