A. O. Smith Corporation $AOS Stock Holdings Lessened by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its holdings in A. O. Smith Corporation (NYSE:AOS) by 0.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 61,398 shares of the industrial products company’s stock after selling 534 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in A. O. Smith were worth $4,026,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AOS. Impax Asset Management Group plc lifted its position in shares of A. O. Smith by 67.3% in the 1st quarter. Impax Asset Management Group plc now owns 5,188,561 shares of the industrial products company’s stock worth $339,124,000 after buying an additional 2,086,433 shares during the last quarter. American Century Companies Inc. lifted its position in shares of A. O. Smith by 998.6% in the 1st quarter. American Century Companies Inc. now owns 1,348,247 shares of the industrial products company’s stock worth $88,121,000 after buying an additional 1,225,521 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of A. O. Smith by 35.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,670,567 shares of the industrial products company’s stock worth $109,187,000 after buying an additional 438,291 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of A. O. Smith by 62.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,088,103 shares of the industrial products company’s stock worth $71,118,000 after buying an additional 417,667 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of A. O. Smith in the 1st quarter worth about $26,211,000. 76.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AOS. Robert W. Baird raised their price target on shares of A. O. Smith from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. UBS Group reiterated a “neutral” rating and issued a $76.00 price objective (up from $74.00) on shares of A. O. Smith in a research report on Monday, July 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A. O. Smith in a research report on Wednesday, October 8th. Oppenheimer lifted their price objective on shares of A. O. Smith from $82.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus lifted their price objective on shares of A. O. Smith from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.43.

A. O. Smith Stock Up 0.3%

A. O. Smith stock opened at $69.89 on Tuesday. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.52 and a beta of 1.30. The company has a current ratio of 1.65, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $71.92 and its two-hundred day moving average price is $68.59. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $80.26.

A. O. Smith (NYSE:AOS) last released its 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. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $997.89 million. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. A. O. Smith’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.06 EPS. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. On average, analysts expect that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, October 31st. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.34. A. O. Smith’s dividend payout ratio is 37.88%.

Insider Buying and Selling

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the transaction, the chairman owned 100,647 shares of the company’s stock, valued at approximately $7,172,105.22. This trade represents a 18.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.76% of the company’s stock.

A. O. Smith Company 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.