Amalgamated Bank Has $2.65 Million Stock Holdings in A. O. Smith Co. (NYSE:AOS)

Amalgamated Bank increased its position in shares of A. O. Smith Co. (NYSE:AOS) by 27.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 32,422 shares of the industrial products company’s stock after purchasing an additional 6,900 shares during the period. Amalgamated Bank’s holdings in A. O. Smith were worth $2,651,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AOS. D.A. Davidson & CO. boosted its position in shares of A. O. Smith by 2.0% during the 4th quarter. D.A. Davidson & CO. now owns 9,478 shares of the industrial products company’s stock worth $781,000 after acquiring an additional 184 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of A. O. Smith by 2.8% during the 4th quarter. Intech Investment Management LLC now owns 27,878 shares of the industrial products company’s stock worth $2,298,000 after acquiring an additional 768 shares in the last quarter. JARISLOWSKY FRASER Ltd acquired a new stake in shares of A. O. Smith during the 4th quarter worth approximately $205,000. TD Asset Management Inc boosted its position in shares of A. O. Smith by 39.7% during the 4th quarter. TD Asset Management Inc now owns 79,075 shares of the industrial products company’s stock worth $6,519,000 after acquiring an additional 22,483 shares in the last quarter. Finally, J. W. Coons Advisors LLC acquired a new stake in shares of A. O. Smith during the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Price Performance

AOS stock opened at $85.72 on Wednesday. A. O. Smith Co. has a 52-week low of $64.14 and a 52-week high of $92.44. The company has a fifty day moving average price of $82.07 and a 200-day moving average price of $83.95. The company has a market capitalization of $12.57 billion, a P/E ratio of 22.21, a PEG ratio of 2.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.70.

A. O. Smith (NYSE:AOS) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). A. O. Smith had a return on equity of 31.04% and a net margin of 14.67%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the business earned $1.01 EPS. A. O. Smith’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts expect that A. O. Smith Co. will post 4.07 EPS for the current year.

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Wednesday, July 31st. A. O. Smith’s dividend payout ratio is presently 33.16%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Stifel Nicolaus upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating and increased their price target for the stock from $97.00 to $98.00 in a research report on Wednesday, July 24th. Robert W. Baird dropped their price objective on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. UBS Group raised their price target on shares of A. O. Smith from $73.00 to $75.00 and gave the company a “sell” rating in a research note on Monday, July 8th. Finally, StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $89.67.

Insider Buying and Selling

In related news, SVP Samuel M. Carver sold 14,705 shares of A. O. Smith stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the completion of the transaction, the senior vice president now owns 2,399 shares of the company’s stock, valued at $194,319. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by insiders.

About A. O. Smith

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.