Livforsakringsbolaget Skandia Omsesidigt Has $68,000 Position in A. O. Smith Co. (NYSE:AOS)

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in A. O. Smith Co. (NYSE:AOS) by 94.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,000 shares of the industrial products company’s stock after selling 16,400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in A. O. Smith were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AOS. State Street Corp boosted its position in shares of A. O. Smith by 4.0% in the third quarter. State Street Corp now owns 7,721,581 shares of the industrial products company’s stock valued at $693,630,000 after acquiring an additional 299,766 shares during the period. Geode Capital Management LLC boosted its holdings in A. O. Smith by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company’s stock valued at $321,348,000 after purchasing an additional 52,593 shares during the period. Fisher Asset Management LLC grew its position in shares of A. O. Smith by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 2,302,659 shares of the industrial products company’s stock worth $206,848,000 after purchasing an additional 87,458 shares in the last quarter. KBC Group NV increased its holdings in shares of A. O. Smith by 40.1% during the fourth quarter. KBC Group NV now owns 1,648,825 shares of the industrial products company’s stock worth $112,467,000 after purchasing an additional 471,990 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of A. O. Smith by 7.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,137,184 shares of the industrial products company’s stock valued at $102,153,000 after buying an additional 83,495 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AOS shares. Weiss Ratings reissued a “hold (c)” rating on shares of A. O. Smith in a research report on Saturday, February 1st. DA Davidson cut A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a research report on Wednesday, October 23rd. Stifel Nicolaus cut their price objective on shares of A. O. Smith from $90.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Citigroup decreased their target price on shares of A. O. Smith from $78.00 to $73.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, UBS Group cut their price target on shares of A. O. Smith from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.86.

A. O. Smith Stock Down 0.5 %

Shares of NYSE AOS opened at $65.19 on Friday. The stock has a 50-day moving average price of $69.85 and a two-hundred day moving average price of $76.56. A. O. Smith Co. has a 12 month low of $64.94 and a 12 month high of $92.44. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.49 and a beta of 1.17.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). A. O. Smith had a return on equity of 28.87% and a net margin of 13.98%. As a group, analysts forecast that A. O. Smith Co. will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, January 31st. A. O. Smith’s dividend payout ratio (DPR) is 37.47%.

A. O. Smith 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.