Wealth Enhancement Advisory Services LLC Has $460,000 Holdings in A. O. Smith Co. (NYSE:AOS)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of A. O. Smith Co. (NYSE:AOS) by 82.6% in the third quarter, Holdings Channel.com reports. The firm owned 5,118 shares of the industrial products company’s stock after selling 24,312 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in A. O. Smith were worth $460,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AOS. University of Texas Texas AM Investment Management Co. purchased a new position in shares of A. O. Smith during the second quarter valued at approximately $25,000. Isthmus Partners LLC bought a new position in A. O. Smith during the 2nd quarter valued at $27,000. Quarry LP boosted its holdings in A. O. Smith by 214.9% during the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 245 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in shares of A. O. Smith in the 3rd quarter worth $32,000. Finally, Wolff Wiese Magana LLC purchased a new stake in shares of A. O. Smith in the third quarter valued at about $37,000. 76.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. DA Davidson lowered 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 raised A. O. Smith from a “hold” rating to a “buy” rating in a research report on Thursday. Robert W. Baird cut their price objective on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and raised their target price for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, A. O. Smith currently has an average rating of “Hold” and an average target price of $86.71.

A. O. Smith Stock Down 1.5 %

Shares of NYSE AOS opened at $74.86 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02. The stock has a market capitalization of $10.85 billion, a PE ratio of 19.70, a P/E/G ratio of 2.02 and a beta of 1.17. A. O. Smith Co. has a one year low of $70.97 and a one year high of $92.44. The business’s fifty day moving average price is $81.26 and its 200-day moving average price is $82.65.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The business had revenue of $957.80 million for the quarter, compared to the consensus estimate of $960.36 million. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. During the same period in the prior year, the firm earned $0.90 earnings per share. On average, equities research analysts anticipate that A. O. Smith Co. will post 3.78 EPS for the current year.

A. O. Smith Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.82%. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, October 31st. A. O. Smith’s payout ratio is currently 35.79%.

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.