ORG Wealth Partners LLC Makes New Investment in A. O. Smith Co. (NYSE:AOS)

ORG Wealth Partners LLC bought a new stake in A. O. Smith Co. (NYSE:AOS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,988 shares of the industrial products company’s stock, valued at approximately $628,000.

Other hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in A. O. Smith in the second quarter valued at approximately $25,000. Isthmus Partners LLC purchased a new stake in A. O. Smith in the second quarter valued at $27,000. Quarry LP raised its position in A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 245 shares during the period. Versant Capital Management Inc lifted its stake in shares of A. O. Smith by 157.2% in the 2nd quarter. Versant Capital Management Inc now owns 463 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 283 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in shares of A. O. Smith by 665.0% during the 1st quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 532 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Insider Buying and Selling at A. O. Smith

In related news, SVP Samuel M. Carver sold 14,705 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the sale, the senior vice president now directly owns 2,399 shares in the company, valued at approximately $194,319. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is owned by corporate insiders.

A. O. Smith Trading Down 6.2 %

Shares of AOS stock opened at $80.87 on Monday. A. O. Smith Co. has a fifty-two week low of $65.08 and a fifty-two week high of $92.44. The company has a 50 day moving average price of $82.73 and a 200 day moving average price of $83.96. The stock has a market capitalization of $11.79 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.70.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.01). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. A. O. Smith had a return on equity of 31.04% and a net margin of 14.67%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. Equities research analysts predict that A. O. Smith Co. will post 4.07 EPS for the current fiscal year.

A. O. Smith Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.34 per share. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.36 annualized dividend and a yield of 1.68%. A. O. Smith’s dividend payout ratio is 32.99%.

Analyst Ratings Changes

Several brokerages recently issued reports on AOS. UBS Group boosted their price objective on shares of A. O. Smith from $73.00 to $75.00 and gave the company a “sell” rating in a report on Monday, July 8th. Stifel Nicolaus upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating and upped their price objective for the stock from $97.00 to $98.00 in a report on Wednesday, July 24th. Robert W. Baird lowered their price objective on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, A. O. Smith currently has a consensus rating of “Hold” and an average price target of $89.67.

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.