A. O. Smith Co. (NYSE:AOS) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 12.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,994 shares of the industrial products company’s stock after buying an additional 328 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in A. O. Smith were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Addison Advisors LLC boosted its holdings in A. O. Smith by 28.7% in the fourth quarter. Addison Advisors LLC now owns 916 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 204 shares during the last quarter. Signaturefd LLC grew its holdings in shares of A. O. Smith by 25.5% during the 4th quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 195 shares during the period. Global Retirement Partners LLC increased its position in A. O. Smith by 52.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,506 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 518 shares in the last quarter. Desjardins Global Asset Management Inc. raised its holdings in A. O. Smith by 31.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,597 shares of the industrial products company’s stock valued at $132,000 after buying an additional 382 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in A. O. Smith during the fourth quarter valued at approximately $147,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of A. O. Smith from $91.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Jefferies Financial Group boosted their price objective on shares of A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, April 12th. StockNews.com cut A. O. Smith from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Oppenheimer reaffirmed a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. Finally, Robert W. Baird upped their price target on shares of A. O. Smith from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $90.67.

A. O. Smith Stock Performance

AOS stock opened at $81.78 on Friday. The stock’s fifty day moving average is $83.96 and its two-hundred day moving average is $83.32. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 2.24 and a beta of 1.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.65. A. O. Smith Co. has a 1 year low of $64.14 and a 1 year high of $89.96.

A. O. Smith (NYSE:AOS) last posted its earnings results on Thursday, April 25th. The industrial products company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.99 by $0.01. The firm had revenue of $978.80 million during the quarter, compared to analysts’ expectations of $995.91 million. A. O. Smith had a net margin of 14.94% and a return on equity of 30.94%. A. O. Smith’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. On average, research analysts predict that A. O. Smith Co. will post 4.08 EPS for the current year.

A. O. Smith Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, April 29th. This represents a $1.28 annualized dividend and a yield of 1.57%. A. O. Smith’s payout ratio is 33.16%.

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.