Reinhart Partners LLC. Has $6.35 Million Stock Holdings in A. O. Smith Corporation $AOS

Reinhart Partners LLC. trimmed its stake in shares of A. O. Smith Corporation (NYSE:AOS) by 9.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 94,938 shares of the industrial products company’s stock after selling 10,030 shares during the quarter. Reinhart Partners LLC. owned about 0.07% of A. O. Smith worth $6,349,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AOS. Goldman Sachs Group Inc. raised its stake in A. O. Smith by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,302 shares of the industrial products company’s stock valued at $61,393,000 after purchasing an additional 154,201 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in A. O. Smith by 78.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 963 shares of the industrial products company’s stock valued at $63,000 after buying an additional 422 shares during the period. Marshall Wace LLP bought a new position in A. O. Smith in the 2nd quarter valued at about $5,212,000. California Public Employees Retirement System increased its holdings in A. O. Smith by 11.4% in the 2nd quarter. California Public Employees Retirement System now owns 211,176 shares of the industrial products company’s stock valued at $13,847,000 after buying an additional 21,657 shares during the period. Finally, Bank of Nova Scotia increased its holdings in A. O. Smith by 165.3% in the 2nd quarter. Bank of Nova Scotia now owns 32,874 shares of the industrial products company’s stock valued at $2,156,000 after buying an additional 20,485 shares during the period. 76.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Stifel Nicolaus set a $75.00 target price on shares of A. O. Smith in a report on Friday, May 1st. Zacks Research lowered shares of A. O. Smith from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Oppenheimer reissued an “outperform” rating and issued a $80.00 target price on shares of A. O. Smith in a report on Friday, May 1st. DA Davidson set a $67.00 target price on shares of A. O. Smith and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $60.00 target price (down from $65.00) on shares of A. O. Smith in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $69.89.

A. O. Smith Stock Performance

NYSE:AOS opened at $56.80 on Wednesday. The stock’s 50-day simple moving average is $62.04 and its 200 day simple moving average is $67.59. The firm has a market capitalization of $7.83 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.18. 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 twelve month low of $54.16 and a twelve month high of $81.86.

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

A. O. Smith Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $1.44 annualized dividend and a yield of 2.5%. A. O. Smith’s dividend payout ratio (DPR) is 38.30%.

About A. O. Smith

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.