Rhumbline Advisers Sells 8,026 Shares of A. O. Smith Corporation $AOS

Rhumbline Advisers lessened its position in shares of A. O. Smith Corporation (NYSE:AOS) by 3.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 252,253 shares of the industrial products company’s stock after selling 8,026 shares during the quarter. Rhumbline Advisers’ holdings in A. O. Smith were worth $16,540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new position in A. O. Smith during the 1st quarter valued at about $26,000. TD Private Client Wealth LLC lifted its holdings in A. O. Smith by 143.7% in the second 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 period. True Wealth Design LLC boosted its stake in A. O. Smith by 44,400.0% in the second quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 444 shares during the last quarter. National Pension Service boosted its stake in A. O. Smith by 74.8% in the first quarter. National Pension Service now owns 458 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 196 shares during the last quarter. Finally, Evelyn Partners Investment Management LLP grew its holdings in A. O. Smith by 988.9% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 490 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 445 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AOS shares. Stifel Nicolaus set a $80.00 price target on A. O. Smith and gave the company a “buy” rating in a research note on Wednesday, October 29th. Robert W. Baird set a $76.00 target price on A. O. Smith in a research note on Wednesday, October 29th. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of A. O. Smith in a research report on Thursday, November 13th. Citigroup cut their price target on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of A. O. Smith in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $76.71.

A. O. Smith Trading Down 0.5%

NYSE AOS opened at $65.98 on Friday. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $77.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.54 and a quick ratio of 1.03. The firm has a market cap of $9.19 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.43 and a beta of 1.30. The stock’s 50-day moving average is $68.18 and its 200-day moving average is $68.80.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. A. O. Smith had a return on equity of 29.34% and a net margin of 13.85%.The business had revenue of $942.50 million during the quarter, compared to analysts’ expectations of $946.33 million. During the same period in the prior year, the business earned $0.82 EPS. 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. Sell-side analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $1.44 annualized dividend and a yield of 2.2%. This is an increase from A. O. Smith’s previous quarterly dividend of $0.34. A. O. Smith’s payout ratio is presently 38.81%.

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.