A. O. Smith Co. (NYSE:AOS) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its stake in shares of A. O. Smith Co. (NYSE:AOS) by 19.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,511 shares of the industrial products company’s stock after purchasing an additional 723 shares during the period. Coldstream Capital Management Inc.’s holdings in A. O. Smith were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of A. O. Smith in the 4th quarter worth $96,180,000. Invesco Ltd. raised its holdings in A. O. Smith by 26.8% during the fourth quarter. Invesco Ltd. now owns 4,704,295 shares of the industrial products company’s stock worth $320,880,000 after purchasing an additional 995,043 shares in the last quarter. KBC Group NV lifted its position in A. O. Smith by 40.1% in the fourth quarter. KBC Group NV now owns 1,648,825 shares of the industrial products company’s stock valued at $112,467,000 after purchasing an additional 471,990 shares during the period. First Trust Advisors LP boosted its holdings in A. O. Smith by 19.0% in the 4th quarter. First Trust Advisors LP now owns 2,618,191 shares of the industrial products company’s stock valued at $178,587,000 after purchasing an additional 417,595 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in A. O. Smith during the 4th quarter worth approximately $19,918,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Robert J. Heideman sold 1,026 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $65.65, for a total transaction of $67,356.90. Following the completion of the transaction, the vice president now owns 8,889 shares of the company’s stock, valued at $583,562.85. This represents a 10.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Douglas Samuel Karge sold 419 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $65.65, for a total transaction of $27,507.35. Following the completion of the sale, the senior vice president now directly owns 2,749 shares in the company, valued at $180,471.85. This represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

A. O. Smith Price Performance

Shares of NYSE:AOS opened at $67.37 on Friday. A. O. Smith Co. has a one year low of $58.83 and a one year high of $92.45. The stock has a market cap of $9.70 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.46 and a beta of 1.26. The business’s fifty day moving average price is $65.32 and its two-hundred day moving average price is $69.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 1.55.

A. O. Smith (NYSE:AOS) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The firm had revenue of $963.90 million during the quarter, compared to the consensus estimate of $950.56 million. A. O. Smith had a net margin of 13.98% and a return on equity of 28.87%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS. On average, analysts forecast that A. O. Smith Co. will post 3.76 EPS for the current fiscal year.

A. O. Smith Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.36 annualized dividend and a yield of 2.02%. A. O. Smith’s dividend payout ratio (DPR) is presently 37.47%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AOS shares. UBS Group decreased their price target on A. O. Smith from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Robert W. Baird raised their price objective on shares of A. O. Smith from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of A. O. Smith in a research report on Thursday, April 24th. Finally, Oppenheimer reduced their price target on shares of A. O. Smith from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $76.17.

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.