Sierra Legacy Group Has $1.08 Million Holdings in A. O. Smith Corporation $AOS

Sierra Legacy Group lifted its holdings in shares of A. O. Smith Corporation (NYSE:AOS) by 53.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,400 shares of the industrial products company’s stock after buying an additional 5,700 shares during the quarter. Sierra Legacy Group’s holdings in A. O. Smith were worth $1,075,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of A. O. Smith during the 2nd quarter valued at $1,045,000. Sequoia Financial Advisors LLC bought a new position in shares of A. O. Smith in the 2nd quarter worth $386,000. Teacher Retirement System of Texas grew its stake in shares of A. O. Smith by 64.4% during the second quarter. Teacher Retirement System of Texas now owns 28,832 shares of the industrial products company’s stock worth $1,891,000 after purchasing an additional 11,294 shares during the period. Public Sector Pension Investment Board grew its stake in shares of A. O. Smith by 7.0% during the first quarter. Public Sector Pension Investment Board now owns 15,833 shares of the industrial products company’s stock worth $1,035,000 after purchasing an additional 1,036 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in A. O. Smith by 44.5% in the first quarter. Victory Capital Management Inc. now owns 138,169 shares of the industrial products company’s stock valued at $9,031,000 after purchasing an additional 42,582 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AOS. Robert W. Baird set a $76.00 target price on 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. DA Davidson restated a “neutral” rating and set a $75.00 price objective on shares of A. O. Smith in a report on Thursday, November 13th. Oppenheimer upped their target price on shares of A. O. Smith from $82.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, Stifel Nicolaus set a $80.00 target price on shares of A. O. Smith and gave the stock a “buy” rating in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, A. O. Smith has an average rating of “Hold” and an average price target of $76.71.

A. O. Smith Price Performance

Shares of AOS opened at $63.38 on Wednesday. The stock has a 50 day simple moving average of $69.49 and a 200 day simple moving average of $68.99. A. O. Smith Corporation has a 52-week low of $58.83 and a 52-week high of $77.31. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.54. The firm has a market capitalization of $8.83 billion, a PE ratio of 17.08, a P/E/G ratio of 1.43 and a beta of 1.30.

A. O. Smith (NYSE:AOS) last announced its 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. The firm had revenue of $942.50 million for the quarter, compared to the consensus estimate of $946.33 million. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. Sell-side analysts predict that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, October 31st. This is a boost from A. O. Smith’s previous quarterly dividend of $0.34. A. O. Smith’s dividend payout ratio (DPR) is currently 38.81%.

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.