Janney Montgomery Scott LLC Sells 8,947 Shares of A. O. Smith Co. (NYSE:AOS)

Janney Montgomery Scott LLC decreased its holdings in shares of A. O. Smith Co. (NYSE:AOS) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,984 shares of the industrial products company’s stock after selling 8,947 shares during the quarter. Janney Montgomery Scott LLC’s holdings in A. O. Smith were worth $10,640,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AOS. Pacer Advisors Inc. lifted its position in shares of A. O. Smith by 11.8% in the 2nd quarter. Pacer Advisors Inc. now owns 11,288 shares of the industrial products company’s stock worth $923,000 after acquiring an additional 1,195 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of A. O. Smith by 65.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,649 shares of the industrial products company’s stock worth $380,000 after buying an additional 1,836 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of A. O. Smith by 37.6% in the 2nd quarter. Bank of Montreal Can now owns 185,768 shares of the industrial products company’s stock worth $15,409,000 after buying an additional 50,798 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of A. O. Smith by 57.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,235 shares of the industrial products company’s stock worth $1,900,000 after buying an additional 8,465 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in shares of A. O. Smith by 177.4% in the 2nd quarter. APG Asset Management N.V. now owns 14,854 shares of the industrial products company’s stock worth $1,133,000 after buying an additional 9,500 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Stock Down 0.9 %

NYSE:AOS opened at $70.60 on Monday. A. O. Smith Co. has a 12-month low of $67.17 and a 12-month high of $92.44. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $10.24 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.47 and a beta of 1.18. The stock’s fifty day simple moving average is $71.05 and its 200-day simple moving average is $77.89.

A. O. Smith Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.36 annualized dividend and a dividend yield of 1.93%. A. O. Smith’s dividend payout ratio is currently 35.79%.

Wall Street Analyst Weigh In

AOS has been the subject of a number of recent research reports. DA Davidson cut A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price for the company. in a report on Wednesday, October 23rd. StockNews.com cut A. O. Smith from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Oppenheimer raised A. O. Smith from a “market perform” rating to an “outperform” rating and set a $88.00 target price for the company in a research note on Tuesday, January 14th. Robert W. Baird lowered their target price 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. Finally, UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $83.14.

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.