Dimensional Fund Advisors LP Boosts Stake in A. O. Smith Co. (NYSE:AOS)

Dimensional Fund Advisors LP raised its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,113,204 shares of the industrial products company’s stock after buying an additional 1,195 shares during the quarter. Dimensional Fund Advisors LP owned about 0.70% of A. O. Smith worth $80,215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. Impax Asset Management Group plc grew its position in A. O. Smith by 46.8% during the second quarter. Impax Asset Management Group plc now owns 1,651,322 shares of the industrial products company’s stock worth $118,994,000 after buying an additional 526,622 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of A. O. Smith by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,486,149 shares of the industrial products company’s stock worth $100,479,000 after purchasing an additional 38,317 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of A. O. Smith by 12.1% in the 2nd quarter. Bank of Montreal Can now owns 1,481,013 shares of the industrial products company’s stock worth $106,175,000 after purchasing an additional 159,718 shares in the last quarter. FIL Ltd boosted its holdings in shares of A. O. Smith by 13.6% in the 1st quarter. FIL Ltd now owns 1,089,997 shares of the industrial products company’s stock worth $73,695,000 after purchasing an additional 130,189 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of A. O. Smith by 51.9% in the 1st quarter. FMR LLC now owns 813,266 shares of the industrial products company’s stock worth $43,364,000 after purchasing an additional 277,862 shares in the last quarter. Institutional investors and hedge funds own 74.13% of the company’s stock.

AOS opened at $63.66 on Thursday. The business has a 50 day simple moving average of $68.44 and a two-hundred day simple moving average of $69.06. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.75 and a quick ratio of 1.38. A. O. Smith Co. has a one year low of $51.04 and a one year high of $73.81.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Wednesday, July 28th. The industrial products company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $859.80 million during the quarter, compared to analyst estimates of $825.48 million. A. O. Smith had a return on equity of 24.38% and a net margin of 13.69%. During the same quarter in the prior year, the company posted $0.45 EPS. As a group, sell-side analysts expect that A. O. Smith Co. will post 2.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 15th. Shareholders of record on Friday, October 29th will be issued a dividend of $0.28 per share. This is an increase from A. O. Smith’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, October 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.76%. A. O. Smith’s dividend payout ratio is 48.15%.

AOS has been the subject of a number of research reports. Robert W. Baird upgraded A. O. Smith from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $82.00 to $85.00 in a report on Tuesday, October 5th. Rosenblatt Securities boosted their target price on A. O. Smith from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, July 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, A. O. Smith has an average rating of “Hold” and a consensus price target of $67.71.

About A. O. Smith

A. O. Smith Corp. manufactures residential and commercial gas and electric water heaters, boilers, tanks and water treatment products. It operates through the following two segments: North America and Rest of World. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks.

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Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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