OneDigital Investment Advisors LLC Purchases 156 Shares of A. O. Smith Co. (NYSE:AOS)

OneDigital Investment Advisors LLC boosted its position in A. O. Smith Co. (NYSE:AOS) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,240 shares of the industrial products company’s stock after purchasing an additional 156 shares during the period. OneDigital Investment Advisors LLC’s holdings in A. O. Smith were worth $291,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its stake in shares of A. O. Smith by 10.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,529 shares of the industrial products company’s stock valued at $1,926,000 after purchasing an additional 2,025 shares during the period. Lake Street Advisors Group LLC bought a new position in shares of A. O. Smith during the 1st quarter worth approximately $201,000. Shell Asset Management Co. grew its position in shares of A. O. Smith by 86.3% during the 1st quarter. Shell Asset Management Co. now owns 9,091 shares of the industrial products company’s stock worth $813,000 after buying an additional 4,211 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of A. O. Smith during the 1st quarter worth approximately $245,000. Finally, Toronto Dominion Bank increased its stake in shares of A. O. Smith by 1.8% in the 1st quarter. Toronto Dominion Bank now owns 69,314 shares of the industrial products company’s stock valued at $6,201,000 after acquiring an additional 1,208 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AOS has been the subject of a number of research reports. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Wednesday. DA Davidson downgraded A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price for the company. in a research note on Wednesday, October 23rd. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and increased their price target for the stock from $75.00 to $80.00 in a report on Wednesday, October 23rd. Stifel Nicolaus decreased their price objective on A. O. Smith from $92.00 to $91.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Robert W. Baird cut their target price on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.71.

A. O. Smith Stock Performance

Shares of AOS opened at $73.17 on Friday. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 1.89 and a beta of 1.17. The business’s fifty day simple moving average is $80.07 and its two-hundred day simple moving average is $81.93. A. O. Smith Co. has a 12 month low of $70.73 and a 12 month high of $92.44. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The firm had revenue of $957.80 million during the quarter, compared to analyst estimates of $960.36 million. During the same period in the prior year, the business posted $0.90 EPS. Research analysts anticipate that A. O. Smith Co. will post 3.78 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.34 per share. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.86%. A. O. Smith’s dividend payout ratio is currently 35.79%.

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.