Wealth Enhancement Advisory Services LLC Has $2.84 Million Stock Holdings in A. O. Smith Co. (NYSE:AOS)

Wealth Enhancement Advisory Services LLC increased its position in A. O. Smith Co. (NYSE:AOS) by 17.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,789 shares of the industrial products company’s stock after buying an additional 4,636 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in A. O. Smith were worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Addison Advisors LLC grew its position in shares of A. O. Smith by 28.7% in the 4th quarter. Addison Advisors LLC now owns 916 shares of the industrial products company’s stock valued at $76,000 after buying an additional 204 shares during the last quarter. Signaturefd LLC increased its position in A. O. Smith by 25.5% during the 4th quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock valued at $79,000 after purchasing an additional 195 shares during the period. Global Retirement Partners LLC raised its holdings in A. O. Smith by 52.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,506 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 518 shares during the last quarter. Desjardins Global Asset Management Inc. raised its holdings in A. O. Smith by 31.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,597 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 382 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of A. O. Smith in the 4th quarter worth approximately $147,000. Institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AOS shares. Oppenheimer reissued a “market perform” rating on shares of A. O. Smith in a research note on Thursday, April 18th. Robert W. Baird upped their target price on A. O. Smith from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Stifel Nicolaus decreased their target price on A. O. Smith from $91.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Citigroup boosted their price target 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. Finally, StockNews.com downgraded shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $90.67.

A. O. Smith Trading Up 0.2 %

NYSE AOS opened at $81.05 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.06. A. O. Smith Co. has a 52 week low of $64.14 and a 52 week high of $89.96. The business has a 50 day moving average price of $83.57 and a 200-day moving average price of $83.36. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 2.23 and a beta of 1.15.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. A. O. Smith had a net margin of 14.94% and a return on equity of 30.94%. The business had revenue of $978.80 million during the quarter, compared to analyst estimates of $995.91 million. During the same quarter in the previous year, the business posted $0.94 EPS. A. O. Smith’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts expect that A. O. Smith Co. will post 4.08 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.28 dividend on an annualized basis and a yield of 1.58%. A. O. Smith’s dividend payout ratio (DPR) is currently 33.16%.

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.