ProShare Advisors LLC Has $163.94 Million Holdings in A. O. Smith Corporation $AOS

ProShare Advisors LLC increased its stake in A. O. Smith Corporation (NYSE:AOS) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,500,230 shares of the industrial products company’s stock after purchasing an additional 79,696 shares during the period. ProShare Advisors LLC owned 1.78% of A. O. Smith worth $163,940,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AOS. Vermillion & White Wealth Management Group LLC bought a new stake in shares of A. O. Smith during the first quarter worth $26,000. True Wealth Design LLC increased its position in A. O. Smith by 44,400.0% in the second quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 444 shares during the period. TD Private Client Wealth LLC raised its holdings in A. O. Smith by 143.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 263 shares during the last quarter. National Pension Service lifted its position in A. O. Smith by 74.8% during the 1st quarter. National Pension Service now owns 458 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 196 shares during the period. Finally, TCTC Holdings LLC boosted its stake in shares of A. O. Smith by 69.9% in the 1st quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 202 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Price Performance

Shares of NYSE AOS opened at $66.18 on Monday. The company has a fifty day moving average price of $70.46 and a 200 day moving average price of $69.07. The firm has a market cap of $9.27 billion, a PE ratio of 17.84, a PEG ratio of 1.43 and a beta of 1.30. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. A. O. Smith Corporation has a 1-year low of $58.83 and a 1-year high of $77.31.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. The company had revenue of $942.50 million for the quarter, compared to analyst estimates of $946.33 million. A. O. Smith had a return on equity of 29.34% and a net margin of 13.85%.The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. Research analysts predict that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 2.2%. This is an increase from A. O. Smith’s previous quarterly dividend of $0.34. A. O. Smith’s dividend payout ratio (DPR) is 38.81%.

Wall Street Analysts Forecast Growth

AOS has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of A. O. Smith in a research note on Wednesday, October 8th. Robert W. Baird set a $76.00 target price on shares of A. O. Smith in a research report on Wednesday, October 29th. Wall Street Zen raised A. O. Smith from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Stifel Nicolaus set a $80.00 price objective on A. O. Smith and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Oppenheimer increased their target price on A. O. Smith from $82.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $77.00.

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.