OLD National Bancorp IN reduced its position in A. O. Smith Corp (NYSE:AOS) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,842 shares of the industrial products company’s stock after selling 1,117 shares during the quarter. OLD National Bancorp IN’s holdings in A. O. Smith were worth $1,155,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AOS. Congress Asset Management Co. MA lifted its position in A. O. Smith by 844.1% in the fourth quarter. Congress Asset Management Co. MA now owns 847,722 shares of the industrial products company’s stock worth $51,948,000 after purchasing an additional 757,932 shares during the period. Atlantic Trust Group LLC bought a new position in A. O. Smith in the third quarter worth $36,764,000. Wells Fargo & Company MN lifted its position in A. O. Smith by 27.6% in the third quarter. Wells Fargo & Company MN now owns 2,023,896 shares of the industrial products company’s stock worth $120,280,000 after purchasing an additional 438,063 shares during the period. Lord Abbett & CO. LLC lifted its position in A. O. Smith by 289.8% in the second quarter. Lord Abbett & CO. LLC now owns 550,241 shares of the industrial products company’s stock worth $30,995,000 after purchasing an additional 409,093 shares during the period. Finally, KBC Group NV raised its stake in A. O. Smith by 372.8% during the third quarter. KBC Group NV now owns 503,178 shares of the industrial products company’s stock worth $29,904,000 after acquiring an additional 396,752 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Peter R. Martineau sold 9,723 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $59.02, for a total value of $573,851.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William P. Greubel sold 17,856 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $66.50, for a total value of $1,187,424.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,151 shares of company stock valued at $5,384,359. 1.27% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on AOS. Zacks Investment Research upgraded A. O. Smith from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a research note on Wednesday, January 31st. Robert W. Baird reiterated a “buy” rating and set a $70.00 price objective on shares of A. O. Smith in a research note on Wednesday, January 31st. Boenning Scattergood reiterated a “hold” rating on shares of A. O. Smith in a research note on Tuesday, January 30th. BMO Capital Markets reiterated a “buy” rating and set a $78.00 price objective on shares of A. O. Smith in a research note on Friday, January 26th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $59.00 price objective on shares of A. O. Smith in a research note on Monday, December 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $67.83.

A. O. Smith Corp (AOS) opened at $61.98 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.87 and a current ratio of 2.24. A. O. Smith Corp has a 12 month low of $48.92 and a 12 month high of $68.39. The stock has a market capitalization of $10,480.73, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 1.78 and a beta of 1.53.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. A. O. Smith had a return on equity of 23.30% and a net margin of 9.89%. The firm had revenue of $768.60 million during the quarter, compared to analyst estimates of $767.45 million. During the same period in the prior year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. equities analysts anticipate that A. O. Smith Corp will post 2.57 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a $0.18 dividend. The ex-dividend date is Tuesday, January 30th. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.16%. A. O. Smith’s dividend payout ratio (DPR) is 42.35%.

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A. O. Smith Profile

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.

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Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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