A. O. Smith Corporation $AOS Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in shares of A. O. Smith Corporation (NYSE:AOS) by 1.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,511,273 shares of the industrial products company’s stock after selling 43,155 shares during the period. Geode Capital Management LLC owned about 2.51% of A. O. Smith worth $229,856,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in A. O. Smith during the first quarter worth about $26,000. True Wealth Design LLC boosted its position in A. O. Smith by 44,400.0% in the 2nd quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 444 shares in the last quarter. 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 worth $29,000 after purchasing an additional 263 shares in the last quarter. National Pension Service grew its stake in shares of A. O. Smith by 74.8% during the 1st quarter. National Pension Service now owns 458 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 196 shares during the period. Finally, TCTC Holdings LLC grew its stake in shares of A. O. Smith by 69.9% during the 1st quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. UBS Group reiterated a “neutral” rating and issued a $76.00 target price (up from $74.00) on shares of A. O. Smith in a research note on Monday, July 28th. Oppenheimer upped their price objective on shares of A. O. Smith from $82.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of A. O. Smith in a research report on Thursday. Stifel Nicolaus set a $80.00 price target on A. O. Smith and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Robert W. Baird set a $76.00 price target on A. O. Smith in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $76.71.

A. O. Smith Price Performance

NYSE:AOS opened at $64.68 on Monday. The stock has a 50 day moving average of $69.87 and a two-hundred day moving average of $69.06. A. O. Smith Corporation has a 12 month low of $58.83 and a 12 month high of $77.31. The firm has a market cap of $9.01 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.43 and a beta of 1.30. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. A. O. Smith had a return on equity of 29.34% and a net margin of 13.85%.The firm had revenue of $942.50 million for the quarter, compared to analyst estimates of $946.33 million. During the same period in the previous year, the company posted $0.82 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. On average, analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be paid a $0.36 dividend. This is an increase from A. O. Smith’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, October 31st. A. O. Smith’s payout ratio is 38.81%.

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.