IMS Capital Management Buys Shares of 5,325 A. O. Smith Corporation $AOS

IMS Capital Management bought a new stake in shares of A. O. Smith Corporation (NYSE:AOS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,325 shares of the industrial products company’s stock, valued at approximately $349,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Revisor Wealth Management LLC grew its holdings in shares of A. O. Smith by 11.5% in the 2nd quarter. Revisor Wealth Management LLC now owns 8,106 shares of the industrial products company’s stock worth $570,000 after acquiring an additional 839 shares during the last quarter. GSB Wealth Management LLC acquired a new position in shares of A. O. Smith in the 2nd quarter worth $686,000. Foster Group Inc. acquired a new position in shares of A. O. Smith in the 2nd quarter worth $343,000. GAMMA Investing LLC grew its holdings in shares of A. O. Smith by 10.9% during the second quarter. GAMMA Investing LLC now owns 3,221 shares of the industrial products company’s stock valued at $211,000 after buying an additional 317 shares in the last quarter. Finally, Ridgewood Investments LLC grew its holdings in shares of A. O. Smith by 19.1% during the second quarter. Ridgewood Investments LLC now owns 6,291 shares of the industrial products company’s stock valued at $413,000 after buying an additional 1,009 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

Insider Buying and Selling at A. O. Smith

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $71.26, for a total value of $1,581,972.00. Following the sale, the chairman directly owned 100,647 shares in the company, valued at approximately $7,172,105.22. This represents a 18.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.76% of the company’s stock.

A. O. Smith Trading Down 0.2%

A. O. Smith stock opened at $72.11 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.65. The business’s 50-day simple moving average is $71.83 and its 200-day simple moving average is $67.95. The firm has a market capitalization of $10.10 billion, a PE ratio of 20.09, a PEG ratio of 1.57 and a beta of 1.25. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $92.06.

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

A. O. Smith Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AOS. Robert W. Baird lifted their price objective on A. O. Smith from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Oppenheimer lifted their price objective on A. O. Smith from $82.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of A. O. Smith in a research report on Saturday, September 13th. Stifel Nicolaus lifted their price objective 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. Finally, Wall Street Zen raised A. O. Smith from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $77.43.

About A. O. Smith

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.