Cornerstone Wealth Management LLC Buys 1,155 Shares of A. O. Smith Co. (NYSE:AOS)

Cornerstone Wealth Management LLC lifted its position in A. O. Smith Co. (NYSE:AOS) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,935 shares of the industrial products company’s stock after buying an additional 1,155 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in A. O. Smith were worth $405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of A. O. Smith by 7.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company’s stock worth $164,000 after acquiring an additional 134 shares during the period. Huntington National Bank boosted its position in A. O. Smith by 19.8% during the third quarter. Huntington National Bank now owns 812 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 134 shares during the period. UMB Bank n.a. boosted its position in A. O. Smith by 12.5% during the third quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 136 shares during the period. Gateway Investment Advisers LLC boosted its position in A. O. Smith by 5.0% during the third quarter. Gateway Investment Advisers LLC now owns 2,989 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 142 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of A. O. Smith by 5.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,240 shares of the industrial products company’s stock worth $291,000 after buying an additional 156 shares during the period. 76.10% of the stock is owned by institutional investors.

A. O. Smith Price Performance

AOS stock opened at $70.60 on Monday. The company’s 50-day moving average price is $71.05 and its two-hundred day moving average price is $77.89. A. O. Smith Co. has a 12 month low of $67.17 and a 12 month high of $92.44. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm has a market cap of $10.24 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.47 and a beta of 1.18.

A. O. Smith Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Friday, January 31st. A. O. Smith’s dividend payout ratio (DPR) is presently 35.79%.

Analyst Ratings Changes

AOS has been the subject of several research analyst reports. DA Davidson downgraded shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price for the company. in a report on Wednesday, October 23rd. Robert W. Baird reduced their price objective on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Stifel Nicolaus reduced their price target on A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. Finally, Citigroup reduced their target price on shares of A. O. Smith from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $83.14.

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.