A. O. Smith Corporation $AOS Shares Bought by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lifted its holdings in shares of A. O. Smith Corporation (NYSE:AOS) by 22.8% during the 2nd quarter, Holdings Channel reports. The firm owned 71,734 shares of the industrial products company’s stock after buying an additional 13,298 shares during the period. ST Germain D J Co. Inc.’s holdings in A. O. Smith were worth $4,704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in A. O. Smith during the 1st quarter worth approximately $26,000. TD Private Client Wealth LLC boosted its position in A. O. Smith by 143.7% in the 2nd quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company’s stock valued at $29,000 after buying an additional 263 shares during the period. National Pension Service grew its stake in shares of A. O. Smith by 74.8% in the first quarter. National Pension Service now owns 458 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 196 shares in the last quarter. TCTC Holdings LLC grew its stake in shares of A. O. Smith by 69.9% in the first quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 202 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of A. O. Smith by 161.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 539 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 333 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

A. O. Smith Price Performance

AOS stock opened at $71.42 on Friday. The business has a 50 day moving average price of $71.92 and a 200 day moving average price of $67.99. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.57 and a beta of 1.25. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $92.06. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 0.15.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Thursday, July 24th. The industrial products company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.97 by $0.10. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.89 million. During the same period in the prior year, the firm posted $1.06 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. Equities research analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, July 31st. A. O. Smith’s dividend payout ratio (DPR) is currently 37.88%.

Insiders Place Their Bets

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of the company’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total value of $1,581,972.00. Following the completion of the transaction, the chairman owned 100,647 shares in the company, valued at $7,172,105.22. This represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AOS has been the subject of a number of recent research reports. Oppenheimer lifted their target price on A. O. Smith from $82.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Stifel Nicolaus increased their price target on A. O. Smith from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. assumed coverage on A. O. Smith in a research report on Tuesday, June 24th. They set a “neutral” rating and a $70.00 price objective for the company. Wall Street Zen upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $76.00 target price (up previously from $74.00) on shares of A. O. Smith in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $77.43.

A. O. Smith Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.