Bank of New Hampshire Trims Stock Position in A. O. Smith Co. (NYSE:AOS)

Bank of New Hampshire decreased its holdings in A. O. Smith Co. (NYSE:AOS) by 30.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 967 shares of the industrial products company’s stock after selling 433 shares during the quarter. Bank of New Hampshire’s holdings in A. O. Smith were worth $66,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AOS. Wilmington Savings Fund Society FSB purchased a new stake in A. O. Smith in the third quarter valued at approximately $1,726,000. Bank of Montreal Can grew its stake in shares of A. O. Smith by 37.6% during the 2nd quarter. Bank of Montreal Can now owns 185,768 shares of the industrial products company’s stock valued at $15,409,000 after buying an additional 50,798 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of A. O. Smith during the 2nd quarter worth $1,372,000. Geode Capital Management LLC raised its position in shares of A. O. Smith by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company’s stock worth $321,348,000 after buying an additional 52,593 shares during the period. Finally, FORA Capital LLC acquired a new position in A. O. Smith in the third quarter valued at $730,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stifel Nicolaus cut their price objective on A. O. Smith from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Tuesday. UBS Group raised shares of 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 note on Wednesday, October 23rd. Robert W. Baird decreased their price target on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.17.

A. O. Smith Price Performance

Shares of AOS stock opened at $68.25 on Wednesday. A. O. Smith Co. has a twelve month low of $67.17 and a twelve month high of $92.44. The company has a market capitalization of $9.90 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.18. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $72.14 and a 200-day simple moving average of $78.92.

A. O. Smith (NYSE:AOS) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The company had revenue of $957.80 million during the quarter, compared to the consensus estimate of $960.36 million. During the same period last year, the firm earned $0.90 earnings per share. Equities research analysts anticipate that A. O. Smith Co. will post 3.77 earnings per share for the current fiscal year.

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.