Hsbc Holdings PLC Has $11.68 Million Stock Holdings in A. O. Smith Corporation $AOS

Hsbc Holdings PLC lifted its stake in A. O. Smith Corporation (NYSE:AOSFree Report) by 6.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 174,440 shares of the industrial products company’s stock after buying an additional 10,391 shares during the period. Hsbc Holdings PLC’s holdings in A. O. Smith were worth $11,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its stake in shares of A. O. Smith by 3,481.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 394 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 383 shares in the last quarter. Torren Management LLC acquired a new position in A. O. Smith during the fourth quarter worth $31,000. Eagle Bay Advisors LLC bought a new stake in A. O. Smith during the fourth quarter worth $32,000. Los Angeles Capital Management LLC acquired a new stake in A. O. Smith in the fourth quarter valued at $35,000. Finally, Larson Financial Group LLC increased its stake in shares of A. O. Smith by 67.9% during the 3rd quarter. Larson Financial Group LLC now owns 487 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AOS. Citigroup cut their target price on shares of A. O. Smith from $74.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. DA Davidson set a $67.00 target price on A. O. Smith and gave the stock a “neutral” rating in a research note on Monday, May 4th. Robert W. Baird set a $70.00 price target on shares of A. O. Smith in a report on Friday, May 1st. Oppenheimer set a $75.00 price objective on A. O. Smith and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $60.00 target price (down from $65.00) on shares of A. O. Smith in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, A. O. Smith currently has an average rating of “Reduce” and a consensus price target of $69.33.

View Our Latest Analysis on A. O. Smith

A. O. Smith Trading Up 1.6%

Shares of NYSE:AOS opened at $61.13 on Friday. The business’s 50 day simple moving average is $59.53 and its 200 day simple moving average is $66.70. 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 $8.42 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.33 and a beta of 1.18.

A. O. Smith (NYSE:AOSGet Free Report) last announced its quarterly earnings data 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 company had revenue of $945.60 million during the quarter, compared to analyst estimates 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 revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. On average, research analysts anticipate that A. O. Smith Corporation will post 3.77 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The company 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 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, April 30th. A. O. Smith’s dividend payout ratio (DPR) is currently 38.30%.

About A. O. Smith

(Free Report)

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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Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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