Mutual of America Capital Management LLC Trims Stake in A. O. Smith Co. (NYSE:AOS)

Mutual of America Capital Management LLC lessened its position in A. O. Smith Co. (NYSE:AOS) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,776 shares of the industrial products company’s stock after selling 463 shares during the quarter. Mutual of America Capital Management LLC’s holdings in A. O. Smith were worth $1,327,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AOS. Northwestern Mutual Wealth Management Co. raised its holdings in A. O. Smith by 7.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 134 shares in the last quarter. Huntington National Bank increased its stake in shares of A. O. Smith by 19.8% in the 3rd quarter. Huntington National Bank now owns 812 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 134 shares in the last quarter. UMB Bank n.a. lifted its position in A. O. Smith by 12.5% during the 3rd quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 136 shares during the period. Algebris UK Ltd boosted its stake in A. O. Smith by 2.3% during the first quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock worth $506,000 after acquiring an additional 140 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in A. O. Smith by 5.0% in the third quarter. Gateway Investment Advisers LLC now owns 2,989 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 142 shares during the period. 76.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Robert W. Baird lowered their target price on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating 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 report on Wednesday, November 20th. Stifel Nicolaus cut their target price on A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Finally, DA Davidson downgraded shares of 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.71.

A. O. Smith Trading Up 2.7 %

A. O. Smith stock opened at $75.43 on Tuesday. A. O. Smith Co. has a one year low of $70.73 and a one year high of $92.44. The business’s fifty day moving average is $79.81 and its 200 day moving average is $81.72. The stock has a market capitalization of $10.94 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The firm had revenue of $957.80 million for the quarter, compared to the consensus estimate of $960.36 million. During the same quarter last year, the firm posted $0.90 EPS. On average, sell-side analysts predict that A. O. Smith Co. will post 3.78 EPS for the current year.

A. O. Smith Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Thursday, October 31st. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s payout ratio is 35.79%.

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.