Dumont & Blake Investment Advisors LLC Cuts Position in A. O. Smith Co. (NYSE:AOS)

Dumont & Blake Investment Advisors LLC reduced its stake in shares of A. O. Smith Co. (NYSE:AOS) by 50.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,038 shares of the industrial products company’s stock after selling 3,038 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in A. O. Smith were worth $273,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC grew its holdings in A. O. Smith by 12.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,994 shares of the industrial products company’s stock worth $268,000 after acquiring an additional 328 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in A. O. Smith by 17.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,789 shares of the industrial products company’s stock valued at $2,844,000 after acquiring an additional 4,636 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in A. O. Smith by 38.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,286 shares of the industrial products company’s stock worth $920,000 after buying an additional 2,840 shares during the last quarter. Principal Financial Group Inc. grew its position in A. O. Smith by 10.8% during the 1st quarter. Principal Financial Group Inc. now owns 183,396 shares of the industrial products company’s stock worth $16,407,000 after purchasing an additional 17,844 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in A. O. Smith during the 1st quarter worth about $212,000. 76.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Samuel M. Carver sold 14,705 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the completion of the sale, the senior vice president now directly owns 2,399 shares of the company’s stock, valued at $194,319. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.

A. O. Smith Stock Performance

Shares of AOS stock opened at $76.87 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06. A. O. Smith Co. has a 12-month low of $65.20 and a 12-month high of $92.44. The stock has a 50 day simple moving average of $82.48 and a 200-day simple moving average of $83.37. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15.

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

A. O. Smith Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.34 per share. This is an increase 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 dividend yield of 1.77%. A. O. Smith’s payout ratio is currently 35.23%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AOS shares. StockNews.com downgraded shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $75.00 to $80.00 in a research report on Wednesday. Stifel Nicolaus dropped their price target on shares of A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday. DA Davidson cut shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research report on Wednesday. Finally, Robert W. Baird decreased their price target on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $86.71.

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.