UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 15,447 Shares of A. O. Smith Co. (NYSE:AOS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of A. O. Smith Co. (NYSE:AOS) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 697,582 shares of the industrial products company’s stock after buying an additional 15,447 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.48% of A. O. Smith worth $62,664,000 as of its most recent filing with the Securities & Exchange Commission.

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

A. O. Smith Stock Up 0.2 %

AOS stock opened at $74.65 on Tuesday. The stock has a 50-day simple moving average of $79.09 and a two-hundred day simple moving average of $81.38. A. O. Smith Co. has a twelve month low of $70.73 and a twelve month high of $92.44. The firm has a market capitalization of $10.82 billion, a PE ratio of 19.64, a PEG ratio of 1.97 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06.

A. O. Smith (NYSE:AOS) last issued 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. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The company had revenue of $957.80 million during the quarter, compared to analysts’ expectations of $960.36 million. During the same quarter in the previous year, the company earned $0.90 earnings per share. On average, equities analysts predict that A. O. Smith Co. will post 3.78 EPS for the current fiscal year.

A. O. Smith Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s dividend payout ratio (DPR) is 35.79%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AOS shares. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a research note on Wednesday, October 23rd. Robert W. Baird cut their price target on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus dropped their price objective 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.71.

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.