Livforsakringsbolaget Skandia Omsesidigt Has $68,000 Stake in A. O. Smith Co. (NYSE:AOS)

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in A. O. Smith Co. (NYSE:AOS) by 94.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the industrial products company’s stock after selling 16,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in A. O. Smith were worth $68,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AOS. State Street Corp lifted its holdings in shares of A. O. Smith by 4.0% in the third quarter. State Street Corp now owns 7,721,581 shares of the industrial products company’s stock valued at $693,630,000 after purchasing an additional 299,766 shares in the last quarter. Geode Capital Management LLC lifted its stake in A. O. Smith by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company’s stock valued at $321,348,000 after acquiring an additional 52,593 shares in the last quarter. Fisher Asset Management LLC boosted its position in A. O. Smith by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 2,302,659 shares of the industrial products company’s stock worth $206,848,000 after acquiring an additional 87,458 shares during the last quarter. KBC Group NV grew its stake in shares of A. O. Smith by 40.1% during the 4th quarter. KBC Group NV now owns 1,648,825 shares of the industrial products company’s stock worth $112,467,000 after acquiring an additional 471,990 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of A. O. Smith by 7.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,137,184 shares of the industrial products company’s stock valued at $102,153,000 after purchasing an additional 83,495 shares during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on AOS shares. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Weiss Ratings restated a “hold (c)” rating on shares of A. O. Smith in a research note on Saturday, February 1st. Oppenheimer lowered their target price 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. Citigroup reduced their price target on A. O. Smith from $78.00 to $73.00 and set a “neutral” rating for the company in a research report 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $80.86.

A. O. Smith Price Performance

Shares of NYSE AOS opened at $65.19 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $69.85 and its two-hundred day moving average price is $76.56. The company has a market cap of $9.45 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. A. O. Smith Co. has a twelve month low of $64.94 and a twelve month high of $92.44.

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

A. O. Smith Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, January 31st. A. O. Smith’s dividend payout ratio is presently 37.47%.

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.