A. O. Smith Corp (AOS) Holdings Cut by ClariVest Asset Management LLC
ClariVest Asset Management LLC cut its holdings in A. O. Smith Corp (NYSE:AOS) by 14.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,000 shares of the industrial products company’s stock after selling 1,900 shares during the quarter. ClariVest Asset Management LLC’s holdings in A. O. Smith were worth $651,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of AOS. Federated Investors Inc. PA acquired a new position in A. O. Smith in the second quarter valued at approximately $145,000. Robeco Institutional Asset Management B.V. acquired a new position in A. O. Smith in the first quarter valued at approximately $150,000. Dupont Capital Management Corp acquired a new position in A. O. Smith in the first quarter valued at approximately $188,000. Csenge Advisory Group acquired a new position in A. O. Smith in the first quarter valued at approximately $201,000. Finally, IBM Retirement Fund acquired a new position in A. O. Smith in the first quarter valued at approximately $201,000. 75.06% of the stock is currently owned by hedge funds and other institutional investors.
AOS has been the topic of several recent analyst reports. Zacks Investment Research lowered A. O. Smith from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Boenning Scattergood reissued a “buy” rating and issued a $75.00 price target on shares of A. O. Smith in a research note on Wednesday, July 25th. SunTrust Banks reissued a “buy” rating and issued a $71.00 price target on shares of A. O. Smith in a research note on Thursday, July 26th. ValuEngine lowered A. O. Smith from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Finally, BMO Capital Markets reissued a “buy” rating and issued a $73.00 price target on shares of A. O. Smith in a research note on Thursday, July 26th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $70.71.
NYSE AOS opened at $58.50 on Friday. The company has a market cap of $9.89 billion, a PE ratio of 24.16, a PEG ratio of 1.84 and a beta of 1.44. A. O. Smith Corp has a 52 week low of $55.67 and a 52 week high of $68.39. The company has a quick ratio of 1.77, a current ratio of 2.15 and a debt-to-equity ratio of 0.14.
A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The firm had revenue of $833.30 million during the quarter, compared to the consensus estimate of $811.72 million. A. O. Smith had a return on equity of 24.67% and a net margin of 10.50%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. equities analysts anticipate that A. O. Smith Corp will post 2.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st were issued a dividend of $0.18 per share. The ex-dividend date was Monday, July 30th. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. A. O. Smith’s dividend payout ratio is 33.18%.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.
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