Reinhart Partners LLC. trimmed its position in shares of A. O. Smith Corporation (NYSE:AOS – Free Report) by 9.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 94,938 shares of the industrial products company’s stock after selling 10,030 shares during the period. Reinhart Partners LLC.’s holdings in A. O. Smith were worth $6,349,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of A. O. Smith by 26.4% during the third quarter. JPMorgan Chase & Co. now owns 665,793 shares of the industrial products company’s stock valued at $48,876,000 after purchasing an additional 139,117 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of A. O. Smith by 1.8% during the third quarter. Earnest Partners LLC now owns 2,082,982 shares of the industrial products company’s stock valued at $152,912,000 after purchasing an additional 36,122 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of A. O. Smith by 4.6% during the third quarter. First Trust Advisors LP now owns 2,508,947 shares of the industrial products company’s stock valued at $184,182,000 after purchasing an additional 109,654 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of A. O. Smith by 19.9% during the third quarter. Alps Advisors Inc. now owns 273,216 shares of the industrial products company’s stock valued at $20,057,000 after purchasing an additional 45,299 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of A. O. Smith by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,871,694 shares of the industrial products company’s stock valued at $137,393,000 after purchasing an additional 38,694 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have recently commented on AOS. DA Davidson set a $67.00 price target on A. O. Smith and gave the company a “neutral” rating in a research note on Monday, May 4th. Robert W. Baird set a $70.00 price objective on A. O. Smith in a research report on Friday, May 1st. Weiss Ratings downgraded A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. restated an “underweight” rating and set a $60.00 price objective (down from $65.00) on shares of A. O. Smith in a research report on Friday, May 15th. Finally, The Goldman Sachs Group lowered their price objective on A. O. Smith from $69.00 to $61.00 and set a “sell” rating for the company in a research report on Monday, April 13th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, A. O. Smith currently has a consensus rating of “Reduce” and a consensus target price of $69.89.
A. O. Smith Price Performance
Shares of AOS opened at $56.80 on Wednesday. A. O. Smith Corporation has a 1 year low of $54.16 and a 1 year high of $81.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.00. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.18. The business has a 50-day moving average of $62.04 and a 200-day moving average of $67.59.
A. O. Smith (NYSE:AOS – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.09). A. O. Smith had a return on equity of 28.42% and a net margin of 13.84%.The company had revenue of $945.60 million for the quarter, compared to the consensus estimate of $974.06 million. During the same quarter last year, the business earned $0.95 earnings per share. A. O. Smith’s revenue was down 1.9% compared to the same quarter last year. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts anticipate that A. O. Smith Corporation will post 3.78 earnings per share for the current year.
A. O. Smith Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, April 30th. A. O. Smith’s payout ratio is presently 38.30%.
A. O. Smith Company Profile
A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.
The company operates through two primary segments: North America and Asia.
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