Patten & Patten Inc. TN Has $7.99 Million Stock Holdings in A. O. Smith Corporation $AOS

Patten & Patten Inc. TN cut its position in A. O. Smith Corporation (NYSE:AOS) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,407 shares of the industrial products company’s stock after selling 10,705 shares during the period. Patten & Patten Inc. TN owned about 0.09% of A. O. Smith worth $7,986,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC raised its holdings in A. O. Smith by 3,125.0% in the third quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 375 shares during the period. Torren Management LLC acquired a new stake in A. O. Smith in the fourth quarter worth $31,000. Eagle Bay Advisors LLC acquired a new stake in A. O. Smith in the fourth quarter worth $32,000. Root Financial Partners LLC acquired a new stake in A. O. Smith in the third quarter worth $33,000. Finally, Larson Financial Group LLC raised its holdings in A. O. Smith by 67.9% in the third quarter. Larson Financial Group LLC now owns 487 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 197 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on AOS shares. Zacks Research lowered shares of A. O. Smith from a “hold” rating to a “strong sell” rating in a report on Wednesday. Jefferies Financial Group set a $75.00 target price on shares of A. O. Smith and gave the stock a “hold” rating in a report on Friday, January 9th. DA Davidson set a $67.00 target price on shares of A. O. Smith and gave the stock a “neutral” rating in a report on Monday. The Goldman Sachs Group cut their target price on shares of A. O. Smith from $69.00 to $61.00 and set a “sell” rating on the stock in a report on Monday, April 13th. Finally, Stifel Nicolaus set a $75.00 price objective on shares of A. O. Smith in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, A. O. Smith has an average rating of “Hold” and an average target price of $70.44.

Insider Activity

In other news, SVP Darrell W. Schuh sold 1,104 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $74.39, for a total transaction of $82,126.56. Following the completion of the sale, the senior vice president owned 2,201 shares of the company’s stock, valued at $163,732.39. This represents a 33.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

A. O. Smith Stock Down 2.7%

Shares of AOS stock opened at $58.61 on Friday. The firm has a fifty day moving average of $66.64 and a 200-day moving average of $68.77. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. A. O. Smith Corporation has a 12-month low of $58.22 and a 12-month high of $81.86. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.33 and a beta of 1.23.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.09). A. O. Smith had a return on equity of 28.42% and a net margin of 13.84%.The company had revenue of $945.60 million for the quarter, compared to the consensus estimate of $974.06 million. During the same period in the prior year, the company earned $0.95 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts predict that A. O. Smith Corporation will post 3.78 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.44 annualized dividend and a dividend yield of 2.5%. A. O. Smith’s dividend payout ratio is currently 38.30%.

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.