A. O. Smith Corporation $AOS Shares Sold by Jump Financial LLC

Jump Financial LLC cut its holdings in A. O. Smith Corporation (NYSE:AOS) by 61.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,228 shares of the industrial products company’s stock after selling 42,605 shares during the quarter. Jump Financial LLC’s holdings in A. O. Smith were worth $1,780,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AOS. Principal Financial Group Inc. lifted its stake in shares of A. O. Smith by 9.7% in the 1st quarter. Principal Financial Group Inc. now owns 178,543 shares of the industrial products company’s stock worth $11,670,000 after acquiring an additional 15,769 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of A. O. Smith by 41.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,089 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 2,084 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of A. O. Smith by 75.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 402,039 shares of the industrial products company’s stock worth $26,277,000 after acquiring an additional 173,366 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of A. O. Smith by 18.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,085 shares of the industrial products company’s stock worth $528,000 after acquiring an additional 1,251 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of A. O. Smith by 3.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,532 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 177 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

A. O. Smith Trading Up 0.1%

NYSE:AOS opened at $72.44 on Thursday. The company has a market capitalization of $10.15 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 0.15. A. O. Smith Corporation has a 52-week low of $58.83 and a 52-week high of $92.06. The stock has a fifty day simple moving average of $69.66 and a 200-day simple moving average of $67.15.

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

A. O. Smith Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. A. O. Smith’s dividend payout ratio (DPR) is presently 37.88%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Robert W. Baird upped their price target on shares of A. O. Smith from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Oppenheimer upped their target price on shares of A. O. Smith from $82.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. UBS Group restated a “neutral” rating and set a $76.00 target price (up from $74.00) on shares of A. O. Smith in a research report on Monday, July 28th. Finally, Stifel Nicolaus upped their target price on shares of A. O. Smith from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $77.43.

Insider Activity at A. O. Smith

In related news, Chairman Kevin J. Wheeler sold 22,200 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the sale, the chairman owned 100,647 shares of the company’s stock, valued at $7,172,105.22. This trade represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.76% of the stock is currently owned by insiders.

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.