Sherbrooke Park Advisers LLC Invests $302,000 in A. O. Smith Co. (NYSE:AOS)

Sherbrooke Park Advisers LLC purchased a new position in shares of A. O. Smith Co. (NYSE:AOS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,433 shares of the industrial products company’s stock, valued at approximately $302,000.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of A. O. Smith by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,231,084 shares of the industrial products company’s stock worth $83,972,000 after buying an additional 12,305 shares in the last quarter. Assetmark Inc. increased its holdings in shares of A. O. Smith by 7.1% during the fourth quarter. Assetmark Inc. now owns 27,825 shares of the industrial products company’s stock worth $1,898,000 after buying an additional 1,834 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of A. O. Smith by 124.5% during the fourth quarter. Private Advisor Group LLC now owns 6,694 shares of the industrial products company’s stock worth $457,000 after buying an additional 3,712 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of A. O. Smith during the fourth quarter worth $7,015,000. Finally, American Century Companies Inc. increased its holdings in shares of A. O. Smith by 16.6% during the fourth quarter. American Century Companies Inc. now owns 122,726 shares of the industrial products company’s stock worth $8,371,000 after buying an additional 17,442 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

A. O. Smith Stock Performance

Shares of A. O. Smith stock opened at $70.51 on Monday. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $65.68 and a two-hundred day moving average price of $68.51. A. O. Smith Co. has a 1-year low of $58.83 and a 1-year high of $92.45. The company has a market cap of $10.02 billion, a P/E ratio of 19.42, a PEG ratio of 1.46 and a beta of 1.28.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping 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%. The firm had revenue of $963.90 million during the quarter, compared to the consensus estimate of $950.56 million. During the same period last year, the business posted $1.00 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts anticipate that A. O. Smith Co. will post 3.76 EPS for the current year.

A. O. Smith Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.36 dividend on an annualized basis and a yield of 1.93%. A. O. Smith’s payout ratio is currently 37.99%.

Analyst Upgrades and Downgrades

AOS has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of A. O. Smith from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of A. O. Smith in a report on Saturday, May 10th. Oppenheimer decreased their price objective on A. O. Smith from $88.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Citigroup decreased their price objective on A. O. Smith from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird increased their price objective on A. O. Smith from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $76.17.

About A. O. Smith

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.