DekaBank Deutsche Girozentrale Has $11.42 Million Holdings in A. O. Smith Co. (NYSE:AOS)

DekaBank Deutsche Girozentrale grew its position in A. O. Smith Co. (NYSE:AOS) by 15.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,137 shares of the industrial products company’s stock after purchasing an additional 17,511 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.09% of A. O. Smith worth $11,422,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AOS. Algebris UK Ltd increased its position in A. O. Smith by 2.3% during the first quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock worth $506,000 after acquiring an additional 140 shares during the period. Empirical Finance LLC raised its position in shares of A. O. Smith by 3.3% in the first quarter. Empirical Finance LLC now owns 4,618 shares of the industrial products company’s stock valued at $413,000 after buying an additional 149 shares in the last quarter. United Asset Strategies Inc. raised its position in shares of A. O. Smith by 1.5% in the first quarter. United Asset Strategies Inc. now owns 10,156 shares of the industrial products company’s stock valued at $909,000 after buying an additional 152 shares in the last quarter. American International Group Inc. boosted its stake in shares of A. O. Smith by 0.5% in the fourth quarter. American International Group Inc. now owns 33,231 shares of the industrial products company’s stock valued at $2,740,000 after buying an additional 163 shares during the period. Finally, Scotia Capital Inc. grew its position in A. O. Smith by 2.4% during the fourth quarter. Scotia Capital Inc. now owns 7,726 shares of the industrial products company’s stock worth $637,000 after buying an additional 180 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

Insider Activity at A. O. Smith

In other news, Director Ronald D. Brown 3,631 shares of the business’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is currently owned by company insiders.

A. O. Smith Trading Down 0.2 %

Shares of NYSE:AOS traded down $0.14 during midday trading on Friday, hitting $82.40. 1,106,038 shares of the stock were exchanged, compared to its average volume of 1,227,818. The business’s 50-day moving average price is $83.48 and its 200 day moving average price is $83.96. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 2.26 and a beta of 1.15. A. O. Smith Co. has a 12 month low of $64.14 and a 12 month high of $92.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.70.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.01). A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the business posted $1.01 EPS. A. O. Smith’s revenue was up 6.6% on a year-over-year basis. Analysts predict that A. O. Smith Co. will post 4.07 earnings per share for the current year.

A. O. Smith Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, July 31st. A. O. Smith’s dividend payout ratio is currently 33.16%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AOS. Oppenheimer restated a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. Stifel Nicolaus upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating and increased their price target for the stock from $97.00 to $98.00 in a research report on Wednesday, July 24th. Robert W. Baird cut their target price on A. O. Smith from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. UBS Group boosted their price target on A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, July 8th. Finally, Citigroup raised their price objective on A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $89.67.

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.