A. O. Smith Corporation $AOS Stake Lessened by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in A. O. Smith Corporation (NYSE:AOS) by 82.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,352 shares of the industrial products company’s stock after selling 47,404 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in A. O. Smith were worth $679,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AOS. Vermillion & White Wealth Management Group LLC acquired a new position in A. O. Smith in the 1st quarter worth approximately $26,000. TD Private Client Wealth LLC grew its stake in A. O. Smith by 143.7% in the 2nd quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company’s stock valued at $29,000 after buying an additional 263 shares during the last quarter. National Pension Service grew 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 worth $30,000 after purchasing an additional 196 shares during the last quarter. TCTC Holdings LLC grew its position in A. O. Smith by 69.9% in the 1st quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in A. O. Smith by 161.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 539 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 333 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Stock Down 0.5%

Shares of NYSE AOS opened at $71.06 on Thursday. The company has a 50 day simple moving average of $72.17 and a 200 day simple moving average of $68.36. The firm has a market cap of $9.96 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. A. O. Smith Corporation has a 1 year low of $58.83 and a 1 year high of $87.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.65 and a quick ratio of 1.03.

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. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.89 million. During the same quarter last year, the business earned $1.06 EPS. The company’s revenue was down 1.3% compared to the same quarter last year. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. On average, research analysts forecast that A. O. Smith Corporation will post 3.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of A. O. Smith from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Stifel Nicolaus boosted their price objective on shares of A. O. Smith from $78.00 to $81.00 and gave the company a “buy” rating in a report on Monday, July 21st. Wall Street Zen cut shares of A. O. Smith from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Oppenheimer boosted their price objective 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A. O. Smith in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $77.43.

Insider Buying and Selling

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the completion of the sale, the chairman owned 100,647 shares in the company, valued at approximately $7,172,105.22. The trade was a 18.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.76% of the company’s stock.

A. O. Smith 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.