Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in A. O. Smith Corporation (NYSE:AOS – Free Report) by 299.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 13,348 shares of the industrial products company’s stock after acquiring an additional 10,005 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in A. O. Smith were worth $880,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of AOS. Vanguard Group Inc. boosted its position in A. O. Smith by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 15,096,018 shares of the industrial products company’s stock worth $1,009,622,000 after acquiring an additional 683,176 shares during the last quarter. State Street Corp raised its holdings in shares of A. O. Smith by 8.4% in the fourth quarter. State Street Corp now owns 5,911,495 shares of the industrial products company’s stock valued at $395,361,000 after purchasing an additional 458,257 shares during the last quarter. Invesco Ltd. raised its holdings in shares of A. O. Smith by 0.8% in the fourth quarter. Invesco Ltd. now owns 4,559,612 shares of the industrial products company’s stock valued at $304,947,000 after purchasing an additional 37,621 shares during the last quarter. Morgan Stanley lifted its position in shares of A. O. Smith by 3.6% in the fourth quarter. Morgan Stanley now owns 2,909,395 shares of the industrial products company’s stock worth $194,581,000 after purchasing an additional 101,453 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of A. O. Smith by 2.6% in the fourth quarter. ProShare Advisors LLC now owns 2,344,631 shares of the industrial products company’s stock worth $156,809,000 after purchasing an additional 60,260 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on AOS. The Goldman Sachs Group decreased their target price on shares of 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. Stifel Nicolaus set a $75.00 price target on shares of A. O. Smith in a research report on Friday, May 1st. 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 note on Friday, May 15th. Zacks Research cut A. O. Smith from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, Oppenheimer set a $75.00 target price on A. O. Smith and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $69.33.
A. O. Smith Trading Up 0.3%
NYSE AOS opened at $60.48 on Friday. The company has a market cap of $8.34 billion, a PE ratio of 16.09, a PEG ratio of 1.34 and a beta of 1.16. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.31. A. O. Smith Corporation has a 12 month low of $54.16 and a 12 month high of $81.86. The stock has a 50 day moving average of $58.87 and a 200-day moving average of $65.98.
A. O. Smith (NYSE:AOS – Get Free Report) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.09). The firm had revenue of $945.60 million during the quarter, compared to the consensus estimate of $974.06 million. A. O. Smith had a net margin of 13.84% and a return on equity of 28.42%. A. O. Smith’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts anticipate that A. O. Smith Corporation will post 3.74 EPS for the current fiscal year.
A. O. Smith Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a $0.36 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.44 dividend on an annualized basis and a yield of 2.4%. A. O. Smith’s dividend payout ratio (DPR) is currently 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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