Bank of New Hampshire Has $196,000 Stock Position in A. O. Smith Co. (NYSE:AOS)

Bank of New Hampshire lowered its position in shares of A. O. Smith Co. (NYSE:AOS) by 31.3% in the fourth quarter, HoldingsChannel reports. The firm owned 2,379 shares of the industrial products company’s stock after selling 1,085 shares during the period. Bank of New Hampshire’s holdings in A. O. Smith were worth $196,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FinTrust Capital Advisors LLC increased its position in shares of A. O. Smith by 628.0% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 597 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 515 shares in the last quarter. Addison Advisors LLC grew its position in shares of A. O. Smith by 36.1% during the 3rd quarter. Addison Advisors LLC now owns 712 shares of the industrial products company’s stock worth $47,000 after buying an additional 189 shares during the period. Private Trust Co. NA boosted its stake in A. O. Smith by 393.1% during the 3rd quarter. Private Trust Co. NA now owns 858 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 684 shares during the last quarter. Signaturefd LLC boosted its stake in A. O. Smith by 25.5% during the 4th quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock worth $79,000 after acquiring an additional 195 shares during the last quarter. Finally, Covestor Ltd boosted its stake in A. O. Smith by 39.2% during the 3rd quarter. Covestor Ltd now owns 1,203 shares of the industrial products company’s stock worth $79,000 after acquiring an additional 339 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AOS. Citigroup lifted their price target on shares of A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Jefferies Financial Group lifted their price target on shares of A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Stifel Nicolaus lifted their price target on shares of A. O. Smith from $85.00 to $91.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. StockNews.com lowered shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Finally, Oppenheimer reiterated a “market perform” rating on shares of A. O. Smith in a report on Thursday, April 18th. Five 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.50.

A. O. Smith Stock Down 4.8 %

AOS traded down $4.18 during trading on Thursday, reaching $82.82. 2,380,680 shares of the stock were exchanged, compared to its average volume of 981,957. The stock has a market cap of $12.19 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 2.38 and a beta of 1.25. A. O. Smith Co. has a twelve month low of $63.88 and a twelve month high of $89.96. The stock’s 50 day moving average price is $85.62 and its two-hundred day moving average price is $79.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.59.

A. O. Smith (NYSE:AOS) last issued its earnings results on Thursday, April 25th. The industrial products company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. The business had revenue of $978.80 million for the quarter, compared to the consensus estimate of $995.91 million. A. O. Smith had a net margin of 14.45% and a return on equity of 31.05%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. Equities analysts expect that A. O. Smith Co. will post 4.1 EPS for the current year.

A. O. Smith Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.28 annualized dividend and a dividend yield of 1.55%. A. O. Smith’s dividend payout ratio is currently 34.59%.

Insider Activity

In other news, Director Idelle K. Wolf sold 814 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total value of $65,120.00. Following the completion of the sale, the director now owns 46,140 shares of the company’s stock, valued at $3,691,200. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Idelle K. Wolf sold 814 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total value of $65,120.00. Following the completion of the transaction, the director now owns 46,140 shares of the company’s stock, valued at $3,691,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert J. Heideman sold 9,890 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $84.63, for a total value of $836,990.70. Following the completion of the transaction, the vice president now directly owns 9,455 shares of the company’s stock, valued at approximately $800,176.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,631 shares of company stock valued at $8,042,535. 2.70% of the stock is owned by company insiders.

A. O. Smith Company 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.