A. O. Smith Corporation $AOS Shares Sold by Boston Partners

Boston Partners trimmed its position in shares of A. O. Smith Corporation (NYSE:AOS) by 13.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,122 shares of the industrial products company’s stock after selling 13,385 shares during the quarter. Boston Partners owned 0.06% of A. O. Smith worth $5,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of A. O. Smith in the first quarter valued at approximately $26,000. TD Private Client Wealth LLC increased its stake in A. O. Smith by 143.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company’s stock worth $29,000 after buying an additional 263 shares during the period. True Wealth Design LLC lifted its holdings in A. O. Smith by 44,400.0% during the 2nd quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock worth $29,000 after buying an additional 444 shares in the last quarter. National Pension Service boosted its position in A. O. Smith by 74.8% in the 1st quarter. National Pension Service now owns 458 shares of the industrial products company’s stock valued at $30,000 after buying an additional 196 shares during the period. Finally, TCTC Holdings LLC grew its stake in shares of A. O. Smith by 69.9% in the first quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 202 shares in the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

A. O. Smith Trading Down 2.1%

AOS opened at $64.68 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.54. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $77.31. The company has a market cap of $9.01 billion, a P/E ratio of 17.44, a PEG ratio of 1.43 and a beta of 1.30. The business’s 50-day simple moving average is $69.87 and its 200-day simple moving average is $69.04.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.05. The firm had revenue of $942.50 million during the quarter, compared to analysts’ expectations of $946.33 million. A. O. Smith had a return on equity of 29.34% and a net margin of 13.85%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. As a group, equities research 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. Stockholders of record on Friday, October 31st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.2%. The ex-dividend date 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 (DPR) is currently 38.81%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AOS. Citigroup cut their price objective on A. O. Smith from $77.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of A. O. Smith in a report on Wednesday, October 8th. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price target on shares of A. O. Smith in a research report on Thursday. UBS Group reiterated a “neutral” rating and issued a $76.00 price objective (up previously from $74.00) on shares of A. O. Smith in a research note on Monday, July 28th. Finally, Wall Street Zen upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $76.71.

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.