Bank of America Corp DE Has $111.30 Million Stock Position in A. O. Smith Corporation $AOS

Bank of America Corp DE reduced its holdings in A. O. Smith Corporation (NYSE:AOS) by 2.8% in the first quarter, HoldingsChannel reports. The firm owned 1,687,887 shares of the industrial products company’s stock after selling 49,331 shares during the period. Bank of America Corp DE’s holdings in A. O. Smith were worth $111,299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AOS. Creative Financial Designs Inc. ADV increased its stake in shares of A. O. Smith by 3,481.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 394 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 383 shares in the last quarter. Torren Management LLC acquired a new stake in A. O. Smith in the fourth quarter worth $31,000. Eagle Bay Advisors LLC bought a new stake in A. O. Smith in the fourth quarter valued at $32,000. Los Angeles Capital Management LLC bought a new stake in A. O. Smith in the fourth quarter valued at $35,000. Finally, Larson Financial Group LLC raised its holdings in shares of A. O. Smith by 67.9% during the third quarter. Larson Financial Group LLC now owns 487 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 197 shares during the period. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Stock Up 1.6%

A. O. Smith stock opened at $63.98 on Friday. A. O. Smith Corporation has a fifty-two week low of $54.16 and a fifty-two week high of $81.86. The stock has a market cap of $8.70 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.40 and a beta of 1.17. The firm’s 50-day simple moving average is $60.09 and its 200 day simple moving average is $65.09. 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 (NYSE:AOS) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. A. O. Smith had a net margin of 13.15% and a return on equity of 27.88%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $994.89 million. During the same period in the previous year, the firm earned $1.07 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. Research analysts predict that A. O. Smith Corporation will post 3.74 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be paid a $0.36 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.44 annualized dividend and a yield of 2.3%. A. O. Smith’s dividend payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

AOS has been the subject of several research reports. Robert W. Baird set a $70.00 target price on A. O. Smith in a research note on Friday, May 1st. DA Davidson set a $67.00 price target on A. O. Smith and gave the stock a “neutral” rating in a report on Monday, May 4th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $60.00 price objective (down from $65.00) on shares of A. O. Smith in a research note on Friday, May 15th. Oppenheimer set a $75.00 price objective on A. O. Smith and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, Zacks Research lowered A. O. Smith from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $67.75.

A. O. Smith Company 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.