A. O. Smith Co. (NYSE:AOS) Shares Sold by LGT Financial Advisors LLC

LGT Financial Advisors LLC cut its holdings in A. O. Smith Co. (NYSE:AOS) by 36.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 688 shares of the industrial products company’s stock after selling 387 shares during the period. LGT Financial Advisors LLC’s holdings in A. O. Smith were worth $62,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AOS. University of Texas Texas AM Investment Management Co. acquired a new position in A. O. Smith in the second quarter valued at approximately $25,000. Isthmus Partners LLC acquired a new position in A. O. Smith during the 2nd quarter valued at approximately $27,000. Quarry LP grew its stake in A. O. Smith by 214.9% during the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after buying an additional 245 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in A. O. Smith in the third quarter worth $32,000. Finally, Wolff Wiese Magana LLC acquired a new position in shares of A. O. Smith during the third quarter valued at $37,000. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Trading Up 0.3 %

Shares of A. O. Smith stock opened at $76.18 on Thursday. The business has a fifty day simple moving average of $81.56 and a 200-day simple moving average of $82.78. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.99 and a beta of 1.17. A. O. Smith Co. has a fifty-two week low of $70.30 and a fifty-two week 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.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The company had revenue of $957.80 million during the quarter, compared to analyst estimates of $960.36 million. During the same quarter last year, the firm posted $0.90 EPS. On average, equities analysts forecast that A. O. Smith Co. will post 3.78 EPS 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. Shareholders of record on Thursday, October 31st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.36 annualized dividend and a dividend yield of 1.79%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s dividend payout ratio is currently 35.79%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AOS shares. Robert W. Baird dropped their price objective on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. DA Davidson downgraded A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research report on Wednesday, October 23rd. StockNews.com cut A. O. Smith from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Stifel Nicolaus lowered their price target on A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $75.00 to $80.00 in a report on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.71.

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.