Retirement Systems of Alabama Has $2.36 Million Holdings in A. O. Smith Co. (NYSE:AOS)

Retirement Systems of Alabama decreased its position in A. O. Smith Co. (NYSE:AOS) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,320 shares of the industrial products company’s stock after selling 324 shares during the quarter. Retirement Systems of Alabama’s holdings in A. O. Smith were worth $2,364,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in A. O. Smith in the 2nd quarter valued at $25,000. Isthmus Partners LLC acquired a new position in shares of A. O. Smith in the second quarter valued at about $27,000. Quarry LP grew its stake in shares of A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 245 shares in the last quarter. Waldron Private Wealth LLC bought a new position in A. O. Smith during the third quarter worth about $32,000. Finally, Wolff Wiese Magana LLC acquired a new stake in A. O. Smith in the 3rd quarter worth about $37,000. Institutional investors own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Robert W. Baird decreased their target price on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research 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 objective on the stock. in a research note on Wednesday, October 23rd. Stifel Nicolaus dropped their price objective on A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and increased their target price for the stock from $75.00 to $80.00 in a report on Wednesday, October 23rd. Finally, Citigroup dropped their price target on A. O. Smith from $85.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, A. O. Smith presently has an average rating of “Hold” and an average price target of $83.17.

A. O. Smith Trading Up 0.4 %

Shares of AOS opened at $68.72 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67. A. O. Smith Co. has a 52-week low of $68.07 and a 52-week high of $92.44. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.92 and a beta of 1.16. The business’s fifty day moving average is $74.82 and its 200-day moving average is $80.25.

A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. The firm had revenue of $957.80 million during the quarter, compared to the consensus estimate of $960.36 million. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Equities analysts anticipate that A. O. Smith Co. will post 3.77 EPS for the current fiscal year.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.34 dividend. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.36 annualized dividend and a yield of 1.98%. A. O. Smith’s dividend payout ratio is presently 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.