A. O. Smith Co. (NYSE:AOS) Short Interest Update

A. O. Smith Co. (NYSE:AOSGet Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 3,460,000 shares, a decline of 11.7% from the May 15th total of 3,920,000 shares. Based on an average daily volume of 922,900 shares, the days-to-cover ratio is currently 3.7 days. Currently, 2.9% of the shares of the company are sold short.

Institutional Investors Weigh In On A. O. Smith

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. increased its stake in A. O. Smith by 4.6% in the 3rd quarter. Invesco Ltd. now owns 3,038,837 shares of the industrial products company’s stock worth $200,958,000 after purchasing an additional 133,339 shares in the last quarter. Fisher Asset Management LLC grew its stake in A. O. Smith by 4.0% during the 4th quarter. Fisher Asset Management LLC now owns 1,991,142 shares of the industrial products company’s stock valued at $164,150,000 after acquiring an additional 76,037 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of A. O. Smith by 5.7% in the 1st quarter. Earnest Partners LLC now owns 1,973,942 shares of the industrial products company’s stock valued at $176,589,000 after purchasing an additional 106,329 shares during the period. Northern Trust Corp increased its holdings in shares of A. O. Smith by 4.7% in the 3rd quarter. Northern Trust Corp now owns 1,343,402 shares of the industrial products company’s stock valued at $88,839,000 after purchasing an additional 60,337 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of A. O. Smith by 5.5% in the 1st quarter. Sei Investments Co. now owns 1,326,586 shares of the industrial products company’s stock valued at $118,677,000 after purchasing an additional 68,787 shares during the period. 76.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AOS shares. Stifel Nicolaus reduced their price target on shares of A. O. Smith from $91.00 to $90.00 and set a “hold” rating for the company in a report on Friday, April 26th. Oppenheimer reissued a “market perform” rating on shares of A. O. Smith in a report on Thursday, April 18th. Robert W. Baird boosted their price target on shares of A. O. Smith from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, April 26th. StockNews.com downgraded shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Finally, Jefferies Financial Group lifted their price objective on shares of A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $90.67.

View Our Latest Research Report on AOS

A. O. Smith Stock Performance

Shares of NYSE AOS traded up $0.53 during midday trading on Tuesday, reaching $84.21. 782,078 shares of the company traded hands, compared to its average volume of 920,615. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.06. The stock has a 50-day moving average price of $84.45 and a 200 day moving average price of $83.02. A. O. Smith has a 52 week low of $64.14 and a 52 week high of $89.96. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.25 and a beta of 1.19.

A. O. Smith (NYSE:AOSGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.00 EPS for the quarter, topping 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 firm had revenue of $978.80 million for the quarter, compared to analysts’ expectations of $995.91 million. During the same period in the previous year, the business earned $0.94 earnings per share. A. O. Smith’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts anticipate that A. O. Smith will post 4.08 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.52%. The ex-dividend date was Monday, April 29th. A. O. Smith’s dividend payout ratio (DPR) is presently 33.16%.

A. O. Smith Company Profile

(Get Free Report)

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.

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