Gitterman Wealth Management LLC Acquires Shares of 5,071 A. O. Smith Co. (NYSE:AOS)

Gitterman Wealth Management LLC acquired a new stake in A. O. Smith Co. (NYSE:AOS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,071 shares of the industrial products company’s stock, valued at approximately $418,000. A. O. Smith comprises about 0.2% of Gitterman Wealth Management LLC’s holdings, making the stock its 26th largest position.

A number of other hedge funds also recently bought and sold shares of AOS. Private Trust Co. NA raised its holdings in A. O. Smith by 393.1% in the 3rd quarter. Private Trust Co. NA now owns 858 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 684 shares during the last quarter. Czech National Bank increased its holdings in shares of A. O. Smith by 47.7% during the 3rd quarter. Czech National Bank now owns 21,776 shares of the industrial products company’s stock worth $1,440,000 after buying an additional 7,033 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of A. O. Smith by 2.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 55,605 shares of the industrial products company’s stock worth $3,677,000 after buying an additional 1,291 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of A. O. Smith by 21.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,465 shares of the industrial products company’s stock worth $1,486,000 after buying an additional 4,000 shares during the last quarter. Finally, TriaGen Wealth Management LLC acquired a new stake in shares of A. O. Smith during the 3rd quarter worth approximately $784,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of A. O. Smith from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup raised their price target on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Jefferies Financial Group increased their price objective on shares of A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Stifel Nicolaus lowered their price objective on shares of A. O. Smith from $91.00 to $90.00 and set a “hold” rating for the company in a research report on Friday. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.67.

Insider Buying and Selling at A. O. Smith

In other A. O. Smith news, Director Idelle K. Wolf sold 814 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total value of $65,120.00. Following the completion of the transaction, the director now owns 46,140 shares of the company’s stock, valued at approximately $3,691,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Idelle K. Wolf sold 814 shares of A. O. Smith stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total transaction of $65,120.00. Following the completion of the sale, the director now directly owns 46,140 shares of the company’s stock, valued at approximately $3,691,200. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ajita G. Rajendra sold 24,669 shares of A. O. Smith stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $83.02, for a total transaction of $2,048,020.38. Following the sale, the director now directly owns 56,951 shares of the company’s stock, valued at $4,728,072.02. The disclosure for this sale can be found here. Insiders sold 95,631 shares of company stock valued at $8,042,535 in the last 90 days. Company insiders own 2.70% of the company’s stock.

A. O. Smith Trading Up 0.5 %

Shares of NYSE:AOS traded up $0.39 during mid-day trading on Friday, reaching $83.21. 1,316,242 shares of the company were exchanged, compared to its average volume of 1,049,093. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.06. A. O. Smith Co. has a 1 year low of $63.88 and a 1 year high of $89.96. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 2.26 and a beta of 1.25. The firm’s 50-day simple moving average is $85.71 and its 200 day simple moving average is $79.92.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.99 by $0.01. A. O. Smith had a net margin of 14.94% and a return on equity of 30.94%. The company had revenue of $978.80 million during the quarter, compared to analysts’ expectations of $995.91 million. During the same quarter last year, the company posted $0.94 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts forecast that A. O. Smith Co. will post 4.09 EPS for the current year.

A. O. Smith Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.32 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.28 annualized dividend and a yield of 1.54%. A. O. Smith’s dividend payout ratio is presently 33.16%.

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.