Madison Asset Management LLC bought a new stake in shares of A. O. Smith Corporation (NYSE:AOS – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 1,466,922 shares of the industrial products company’s stock, valued at approximately $92,005,000. A. O. Smith accounts for 1.1% of Madison Asset Management LLC’s holdings, making the stock its 25th biggest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AOS. Assenagon Asset Management S.A. boosted its stake in shares of A. O. Smith by 5,521.8% in the second quarter. Assenagon Asset Management S.A. now owns 489,264 shares of the industrial products company’s stock valued at $30,687,000 after purchasing an additional 480,561 shares during the period. ProShare Advisors LLC grew its holdings in A. O. Smith by 2.6% during the 4th quarter. ProShare Advisors LLC now owns 2,344,631 shares of the industrial products company’s stock valued at $156,809,000 after purchasing an additional 60,260 shares in the last quarter. ING Groep NV purchased a new stake in A. O. Smith during the 4th quarter worth $980,000. IFG Advisory LLC increased its stake in A. O. Smith by 54.4% during the 4th quarter. IFG Advisory LLC now owns 50,474 shares of the industrial products company’s stock worth $3,376,000 after buying an additional 17,792 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in A. O. Smith by 3.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,179,709 shares of the industrial products company’s stock worth $78,899,000 after buying an additional 43,320 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Zacks Research raised shares of A. O. Smith from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings lowered A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Robert W. Baird set a $70.00 price target on A. O. Smith in a research note on Friday, May 1st. Oppenheimer set a $75.00 price target on A. O. Smith and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, DA Davidson set a $67.00 price objective on A. O. Smith and gave the company a “neutral” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.75.
A. O. Smith Stock Performance
Shares of AOS stock opened at $63.79 on Thursday. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.36 and a beta of 1.17. A. O. Smith Corporation has a one year low of $54.16 and a one year high of $81.86. The company’s 50-day simple moving average is $60.93 and its 200-day simple moving average is $64.52. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.04 and a current ratio of 1.59.
A. O. Smith (NYSE:AOS – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.07. A. O. Smith had a return on equity of 27.88% and a net margin of 13.15%.The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $994.89 million. During the same period in the previous year, the company earned $1.07 earnings per share. A. O. Smith’s quarterly revenue was down .7% on a year-over-year basis. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. Equities analysts anticipate that A. O. Smith Corporation will post 3.74 earnings per share for the current fiscal year.
A. O. Smith Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, July 31st. A. O. Smith’s payout ratio is 40.00%.
A. O. Smith 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.
Featured Stories
- Five stocks we like better than A. O. Smith
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding AOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A. O. Smith Corporation (NYSE:AOS – Free Report).
Receive News & Ratings for A. O. Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith and related companies with MarketBeat.com's FREE daily email newsletter.
