CX Institutional raised its holdings in shares of A. O. Smith Corporation (NYSE:AOS – Free Report) by 14.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,291 shares of the industrial products company’s stock after buying an additional 8,484 shares during the period. CX Institutional’s holdings in A. O. Smith were worth $4,346,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. Prospera Financial Services Inc grew its position in shares of A. O. Smith by 4.0% during the 4th quarter. Prospera Financial Services Inc now owns 3,261 shares of the industrial products company’s stock valued at $218,000 after acquiring an additional 126 shares during the period. Grey Ledge Advisors LLC lifted its position in A. O. Smith by 1.4% during the fourth quarter. Grey Ledge Advisors LLC now owns 8,966 shares of the industrial products company’s stock valued at $600,000 after purchasing an additional 128 shares in the last quarter. Eukles Asset Management grew its holdings in A. O. Smith by 0.5% during the fourth quarter. Eukles Asset Management now owns 29,240 shares of the industrial products company’s stock valued at $1,956,000 after purchasing an additional 151 shares during the period. Larson Financial Group LLC increased its position in A. O. Smith by 31.8% in the fourth quarter. Larson Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $43,000 after buying an additional 155 shares in the last quarter. Finally, Founders Financial Alliance LLC increased its position in A. O. Smith by 2.8% in the fourth quarter. Founders Financial Alliance LLC now owns 5,607 shares of the industrial products company’s stock worth $375,000 after buying an additional 155 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
AOS has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated 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 shares of A. O. Smith from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Oppenheimer set a $75.00 price target on shares of A. O. Smith and gave the company an “outperform” rating in a report on Wednesday, June 10th. Stifel Nicolaus dropped their price target on shares of A. O. Smith from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Citigroup reduced their price objective on shares of A. O. Smith from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $67.75.
A. O. Smith Stock Up 4.3%
Shares of AOS opened at $63.34 on Wednesday. The business’s 50 day moving average is $59.73 and its 200 day moving average is $65.23. The company has a market capitalization of $8.73 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17. A. O. Smith Corporation has a 12-month low of $54.16 and a 12-month high of $81.86. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.32.
A. O. Smith (NYSE:AOS – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.07. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $994.89 million. A. O. Smith had a return on equity of 27.88% and a net margin of 13.15%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 EPS. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. Research analysts expect that A. O. Smith Corporation will post 3.74 earnings per share for the current fiscal year.
A. O. Smith Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, July 31st. A. O. Smith’s dividend payout ratio (DPR) is presently 40.00%.
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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