A. O. Smith Corporation $AOS Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its position in A. O. Smith Corporation (NYSE:AOS) by 56.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,640 shares of the industrial products company’s stock after selling 80,883 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in A. O. Smith were worth $4,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthPLAN Partners LLC increased its stake in shares of A. O. Smith by 1.3% in the third quarter. WealthPLAN Partners LLC now owns 12,080 shares of the industrial products company’s stock valued at $887,000 after purchasing an additional 158 shares during the period. True Wealth Design LLC boosted its position in shares of A. O. Smith by 37.8% during the third quarter. True Wealth Design LLC now owns 613 shares of the industrial products company’s stock worth $45,000 after buying an additional 168 shares during the period. Legacy Capital Wealth Partners LLC boosted its position in shares of A. O. Smith by 4.5% during the second quarter. Legacy Capital Wealth Partners LLC now owns 3,972 shares of the industrial products company’s stock worth $260,000 after buying an additional 171 shares during the period. Financial Advocates Investment Management grew its holdings in A. O. Smith by 2.5% in the 2nd quarter. Financial Advocates Investment Management now owns 7,040 shares of the industrial products company’s stock worth $462,000 after buying an additional 175 shares in the last quarter. Finally, HBK Sorce Advisory LLC increased its position in A. O. Smith by 2.3% in the 3rd quarter. HBK Sorce Advisory LLC now owns 8,077 shares of the industrial products company’s stock valued at $574,000 after acquiring an additional 184 shares during the period. Institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on AOS shares. Jefferies Financial Group set a $75.00 target price on A. O. Smith and gave the company a “hold” rating in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c)” rating on shares of A. O. Smith in a research note on Wednesday, December 24th. Robert W. Baird set a $76.00 price objective on shares of A. O. Smith in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, DA Davidson restated a “neutral” rating and set a $75.00 price target on shares of A. O. Smith in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, A. O. Smith has a consensus rating of “Hold” and an average price target of $76.50.

A. O. Smith Trading Down 0.9%

Shares of AOS stock opened at $72.45 on Monday. The stock has a 50-day simple moving average of $68.04 and a 200 day simple moving average of $69.62. The stock has a market capitalization of $10.09 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.47 and a beta of 1.35. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $77.31. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.09.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.89 by $0.05. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. The firm had revenue of $942.50 million for the quarter, compared to analysts’ expectations of $946.33 million. During the same period in the previous year, the business earned $0.82 earnings per share. A. O. Smith’s revenue for the quarter was up 4.4% compared to the same quarter last year. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. On average, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $1.44 annualized dividend and a yield of 2.0%. A. O. Smith’s dividend payout ratio is currently 38.81%.

A. O. Smith 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.