Corient Private Wealth LLC Buys 14,942 Shares of A. O. Smith Corporation $AOS

Corient Private Wealth LLC boosted its stake in A. O. Smith Corporation (NYSE:AOS) by 44.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,754 shares of the industrial products company’s stock after buying an additional 14,942 shares during the quarter. Corient Private Wealth LLC’s holdings in A. O. Smith were worth $3,261,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in A. O. Smith by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 15,096,018 shares of the industrial products company’s stock worth $1,009,622,000 after acquiring an additional 683,176 shares in the last quarter. State Street Corp boosted its stake in shares of A. O. Smith by 8.4% in the 4th quarter. State Street Corp now owns 5,911,495 shares of the industrial products company’s stock valued at $395,361,000 after purchasing an additional 458,257 shares in the last quarter. Invesco Ltd. grew its holdings in shares of A. O. Smith by 0.8% in the 4th quarter. Invesco Ltd. now owns 4,559,612 shares of the industrial products company’s stock worth $304,947,000 after purchasing an additional 37,621 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of A. O. Smith by 54.2% in the 3rd quarter. American Century Companies Inc. now owns 3,208,831 shares of the industrial products company’s stock worth $235,560,000 after purchasing an additional 1,128,543 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of A. O. Smith by 3.6% during the 4th quarter. Morgan Stanley now owns 2,909,395 shares of the industrial products company’s stock worth $194,581,000 after purchasing an additional 101,453 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Robert W. Baird set a $70.00 price target on shares of A. O. Smith in a report on Friday, May 1st. Zacks Research cut shares of A. O. Smith from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered shares of A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. The Goldman Sachs Group cut their target price on shares of A. O. Smith from $69.00 to $61.00 and set a “sell” rating for the company in a research note on Monday, April 13th. Finally, DA Davidson set a $67.00 target price on A. O. Smith and gave the stock a “neutral” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, A. O. Smith currently has a consensus rating of “Reduce” and an average target price of $69.33.

A. O. Smith Stock Up 1.2%

NYSE:AOS opened at $61.86 on Friday. The stock’s fifty day moving average price is $59.50 and its two-hundred day moving average price is $66.66. A. O. Smith Corporation has a 52-week low of $54.16 and a 52-week high of $81.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.00 and a current ratio of 1.56. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.36 and a beta of 1.18.

A. O. Smith (NYSE:AOS) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.09). A. O. Smith had a net margin of 13.84% and a return on equity of 28.42%. The firm had revenue of $945.60 million during the quarter, compared to analyst estimates of $974.06 million. During the same period last year, the business posted $0.95 earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. 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 3.77 EPS for the current year.

A. O. Smith Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, April 30th. A. O. Smith’s payout ratio is currently 38.30%.

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.