Legacy Capital Wealth Partners LLC Sells 345 Shares of A. O. Smith Co. (NYSE:AOS)

Legacy Capital Wealth Partners LLC cut its holdings in A. O. Smith Co. (NYSE:AOS) by 12.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,437 shares of the industrial products company’s stock after selling 345 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in A. O. Smith were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of A. O. Smith by 3.0% during the 1st quarter. Russell Investments Group Ltd. now owns 175,635 shares of the industrial products company’s stock worth $15,712,000 after acquiring an additional 5,068 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of A. O. Smith by 33.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 183,611 shares of the industrial products company’s stock worth $16,426,000 after purchasing an additional 46,214 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of A. O. Smith by 4.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 142,934 shares of the industrial products company’s stock worth $12,787,000 after purchasing an additional 6,307 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of A. O. Smith by 11.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 225,930 shares of the industrial products company’s stock worth $20,212,000 after purchasing an additional 22,859 shares in the last quarter. Finally, Twin Tree Management LP boosted its position in shares of A. O. Smith by 188.9% in the 1st quarter. Twin Tree Management LP now owns 737 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 1,566 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AOS has been the subject of a number of research reports. Robert W. Baird decreased their target price on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. StockNews.com upgraded A. O. Smith from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus reduced their price objective on A. O. Smith from $92.00 to $91.00 and set a “buy” rating 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 research note on Wednesday, October 23rd. Finally, DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target for the company. in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, A. O. Smith presently has an average rating of “Hold” and a consensus target price of $86.71.

A. O. Smith Price Performance

Shares of AOS opened at $75.09 on Tuesday. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 1.98 and a beta of 1.17. A. O. Smith Co. has a twelve month low of $72.41 and a twelve 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 company has a 50 day moving average of $81.08 and a two-hundred day moving average of $82.53.

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. The business had revenue of $957.80 million during the quarter, compared to the consensus estimate of $960.36 million. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. During the same period in the previous year, the firm posted $0.90 earnings per share. As a group, analysts predict that A. O. Smith Co. will post 3.78 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.34 dividend. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.36 dividend on an annualized basis and a yield of 1.81%. A. O. Smith’s payout ratio is presently 35.79%.

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.