Madison Asset Management LLC Takes Position in A. O. Smith Corporation $AOS

Madison Asset Management LLC acquired a new stake in shares of A. O. Smith Corporation (NYSE:AOS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,466,922 shares of the industrial products company’s stock, valued at approximately $92,005,000. A. O. Smith comprises approximately 1.1% of Madison Asset Management LLC’s portfolio, making the stock its 25th largest holding. Madison Asset Management LLC owned 1.08% of A. O. Smith as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Prospera Financial Services Inc boosted its stake in shares of A. O. Smith by 4.0% during the 4th quarter. Prospera Financial Services Inc now owns 3,261 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 126 shares during the last quarter. Grey Ledge Advisors LLC raised its position in shares of A. O. Smith by 1.4% in the fourth quarter. Grey Ledge Advisors LLC now owns 8,966 shares of the industrial products company’s stock valued at $600,000 after buying an additional 128 shares during the last quarter. Eukles Asset Management raised its position in shares of A. O. Smith by 0.5% in the fourth quarter. Eukles Asset Management now owns 29,240 shares of the industrial products company’s stock valued at $1,956,000 after buying an additional 151 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of A. O. Smith by 31.8% during the fourth quarter. Larson Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $43,000 after buying an additional 155 shares during the period. Finally, Founders Financial Alliance LLC lifted its stake in shares of A. O. Smith by 2.8% during the fourth quarter. Founders Financial Alliance LLC now owns 5,607 shares of the industrial products company’s stock valued at $375,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

A. O. Smith Stock Up 4.8%

Shares of NYSE:AOS opened at $63.79 on Thursday. 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 Corporation has a 1 year low of $54.16 and a 1 year high of $81.86. The stock has a market capitalization of $8.67 billion, a P/E ratio of 17.72, a PEG ratio of 1.36 and a beta of 1.17. The stock has a 50-day simple moving average of $60.93 and a 200-day simple moving average of $64.52.

A. O. Smith (NYSE:AOS) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $994.89 million. A. O. Smith had a net margin of 13.15% and a return on equity of 27.88%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. Equities analysts forecast that A. O. Smith Corporation will post 3.74 earnings per share for the current year.

A. O. Smith Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were paid 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 of this dividend was Friday, July 31st. A. O. Smith’s dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup lowered their target price on shares of A. O. Smith from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Weiss Ratings lowered A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. restated an “underweight” rating and set a $60.00 price objective (down from $65.00) on shares of A. O. Smith in a report on Friday, May 15th. Robert W. Baird set a $70.00 price objective on A. O. Smith in a research report on Friday, May 1st. Finally, DA Davidson set a $67.00 target price on A. O. Smith and gave the company a “neutral” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.75.

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.