A. O. Smith Co. (NYSE:AOS) Holdings Decreased by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC trimmed its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,242 shares of the industrial products company’s stock after selling 142 shares during the period. CFS Investment Advisory Services LLC’s holdings in A. O. Smith were worth $971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AOS. University of Texas Texas AM Investment Management Co. acquired a new position in shares of A. O. Smith during the second quarter valued at $25,000. Quarry LP raised its stake in shares of A. O. Smith by 214.9% during the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 245 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in A. O. Smith in the third quarter worth about $32,000. Wolff Wiese Magana LLC bought a new position in A. O. Smith in the 3rd quarter valued at about $37,000. Finally, Brooklyn Investment Group acquired a new position in A. O. Smith during the 3rd quarter valued at about $43,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on AOS. UBS Group upgraded shares of A. O. Smith from a “sell” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $80.00 in a report on Wednesday, October 23rd. 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. StockNews.com downgraded A. O. Smith from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Robert W. Baird cut 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. Finally, Citigroup reduced their price objective on A. O. Smith from $78.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $83.14.

A. O. Smith Stock Performance

Shares of A. O. Smith stock opened at $70.60 on Friday. The stock has a market cap of $10.24 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.47 and a beta of 1.18. A. O. Smith Co. has a 12 month low of $67.17 and a 12 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 business has a fifty day simple moving average of $71.05 and a 200-day simple moving average of $77.93.

A. O. Smith Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be issued a $0.34 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.93%. A. O. Smith’s dividend payout ratio is 35.79%.

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.