PUREfi Wealth LLC Acquires Shares of 3,691 A. O. Smith Co. (NYSE:AOS)

PUREfi Wealth LLC acquired a new stake in A. O. Smith Co. (NYSE:AOS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,691 shares of the industrial products company’s stock, valued at approximately $252,000.

Several other hedge funds also recently bought and sold shares of AOS. Waldron Private Wealth LLC bought a new position in A. O. Smith in the 3rd quarter valued at $32,000. Wolff Wiese Magana LLC purchased a new stake in shares of A. O. Smith in the 3rd quarter worth $37,000. Brooklyn Investment Group purchased a new stake in shares of A. O. Smith in the 3rd quarter worth $43,000. Truvestments Capital LLC purchased a new stake in shares of A. O. Smith in the 3rd quarter worth $55,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of A. O. Smith in the 4th quarter worth $60,000. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Trading Up 0.3 %

Shares of NYSE AOS opened at $66.22 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 0.96. The stock has a market capitalization of $9.60 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.45 and a beta of 1.17. A. O. Smith Co. has a 1-year low of $64.55 and a 1-year high of $92.44. The business has a fifty day moving average price of $69.10 and a 200 day moving average price of $75.99.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). A. O. Smith had a net margin of 13.98% and a return on equity of 28.87%. Equities research analysts expect that A. O. Smith Co. will post 3.77 EPS for the current fiscal year.

A. O. Smith Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, January 31st. A. O. Smith’s dividend payout ratio (DPR) is presently 37.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Robert W. Baird lowered their target price on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. UBS Group lowered their target price on A. O. Smith from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, January 31st. DA Davidson cut A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price for the company. in a report on Wednesday, October 23rd. StockNews.com upgraded A. O. Smith from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Finally, Citigroup decreased their price objective on A. O. Smith from $78.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $80.86.

Insider Buying and Selling at A. O. Smith

In other news, SVP Douglas Samuel Karge sold 419 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $65.65, for a total value of $27,507.35. Following the transaction, the senior vice president now directly owns 2,749 shares of the company’s stock, valued at approximately $180,471.85. This represents a 13.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert J. Heideman sold 1,026 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $65.65, for a total value of $67,356.90. Following the completion of the transaction, the vice president now directly owns 8,889 shares in the company, valued at $583,562.85. This represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

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.