Addison Advisors LLC Has $50,000 Stake in A. O. Smith Co. (NYSE:AOS)

Addison Advisors LLC trimmed its position in A. O. Smith Co. (NYSE:AOS) by 34.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 736 shares of the industrial products company’s stock after selling 387 shares during the quarter. Addison Advisors LLC’s holdings in A. O. Smith were worth $50,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Huntington National Bank grew its holdings in shares of 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 last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of A. O. Smith by 5.1% during the third quarter. OneDigital Investment Advisors LLC now owns 3,240 shares of the industrial products company’s stock valued at $291,000 after acquiring an additional 156 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of A. O. Smith by 4.3% during the third quarter. Glenmede Trust Co. NA now owns 3,992 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 163 shares during the period. Claro Advisors LLC lifted its stake in shares of A. O. Smith by 2.2% during the third quarter. Claro Advisors LLC now owns 7,967 shares of the industrial products company’s stock valued at $716,000 after acquiring an additional 168 shares during the period. Finally, Greenleaf Trust lifted its stake in shares of A. O. Smith by 3.3% during the fourth quarter. Greenleaf Trust now owns 5,873 shares of the industrial products company’s stock valued at $401,000 after acquiring an additional 188 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group cut their price target on A. O. Smith from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Oppenheimer dropped their price target on A. O. Smith from $88.00 to $84.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Citigroup cut their target price on A. O. Smith from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Stifel Nicolaus lowered their price target on A. O. Smith from $90.00 to $84.00 and set a “buy” rating on the stock in a research 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $80.86.

A. O. Smith Stock Up 1.1 %

AOS stock opened at $66.95 on Wednesday. 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 firm has a market capitalization of $9.64 billion, a PE ratio of 18.44, a PEG ratio of 1.46 and a beta of 1.17. A. O. Smith Co. has a 1-year low of $64.55 and a 1-year high of $92.44. The business’s 50 day simple moving average is $68.25 and its 200 day simple moving average is $75.12.

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

A. O. Smith Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a $0.34 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.36 annualized dividend and a yield of 2.03%. A. O. Smith’s dividend payout ratio (DPR) is presently 37.47%.

Insider Activity at A. O. Smith

In related news, VP Robert J. Heideman sold 1,026 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $65.65, for a total value of $67,356.90. Following the completion of the sale, the vice president now directly owns 8,889 shares in the company, valued at $583,562.85. The trade was a 10.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Douglas Samuel Karge sold 419 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $65.65, for a total value of $27,507.35. Following the completion of the sale, the senior vice president now owns 2,749 shares of the company’s stock, valued at $180,471.85. This trade represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

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.