Trajan Wealth LLC Purchases 222 Shares of A. O. Smith Co. (NYSE:AOS)

Trajan Wealth LLC lifted its position in A. O. Smith Co. (NYSE:AOS) by 7.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,073 shares of the industrial products company’s stock after purchasing an additional 222 shares during the period. Trajan Wealth LLC’s holdings in A. O. Smith were worth $276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in shares of A. O. Smith in the second quarter worth approximately $25,000. Isthmus Partners LLC bought a new position in shares of A. O. Smith in the second quarter worth approximately $27,000. Quarry LP grew its holdings 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 worth $29,000 after purchasing an additional 245 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in A. O. Smith in the third quarter worth $32,000. Finally, Wolff Wiese Magana LLC purchased a new stake in A. O. Smith in the third quarter worth $37,000. Institutional investors own 76.10% of the company’s stock.

Insider Transactions at A. O. Smith

In other news, SVP Samuel M. Carver sold 14,705 shares of A. O. Smith stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total value of $1,191,105.00. Following the completion of the transaction, the senior vice president now owns 2,399 shares of the company’s stock, valued at $194,319. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on AOS shares. Stifel Nicolaus dropped their price target on A. O. Smith from $92.00 to $91.00 and set a “buy” rating for the company in a research note 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 lowered A. O. Smith from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird dropped their price target on 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, UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and raised their price target for the stock from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, A. O. Smith presently has an average rating of “Hold” and an average price target of $86.71.

A. O. Smith Stock Performance

Shares of A. O. Smith stock opened at $76.38 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $11.20 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.26 and a beta of 1.15. The business has a fifty day simple moving average of $82.31 and a two-hundred day simple moving average of $83.19. A. O. Smith Co. has a 12 month low of $67.96 and a 12 month high of $92.44.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. The firm had revenue of $957.80 million during the quarter, compared to analyst estimates 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 EPS. On average, equities analysts forecast that A. O. Smith Co. will post 3.78 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, October 31st. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s payout ratio is currently 35.23%.

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.