Vermillion & White Wealth Management Group LLC Acquires Shares of 395 A. O. Smith Corporation $AOS

Vermillion & White Wealth Management Group LLC acquired a new stake in A. O. Smith Corporation (NYSE:AOS) during the first quarter, Holdings Channel reports. The fund acquired 395 shares of the industrial products company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Pension Service lifted its holdings 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 valued at $30,000 after purchasing an additional 196 shares in the last quarter. TCTC Holdings LLC lifted its holdings 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 valued at $32,000 after purchasing an additional 202 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $35,000 after purchasing an additional 333 shares in the last quarter. Summit Securities Group LLC purchased a new position in A. O. Smith in the 1st quarter valued at $64,000. Finally, Intact Investment Management Inc. purchased a new position in A. O. Smith in the 1st quarter valued at $72,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

AOS has been the topic of a number of research reports. Wall Street Zen upgraded A. O. Smith from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Robert W. Baird lifted their price target on A. O. Smith from $76.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. UBS Group reiterated a “neutral” rating and set a $76.00 price target (up previously from $74.00) on shares of A. O. Smith in a report on Monday, July 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of A. O. Smith in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. assumed coverage on A. O. Smith in a report on Tuesday, June 24th. They set a “neutral” rating and a $70.00 price target on the stock. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, A. O. Smith presently has an average rating of “Hold” and a consensus price target of $77.43.

Insider Transactions at A. O. Smith

In related news, Chairman Kevin J. Wheeler sold 22,200 shares of the business’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total value of $1,581,972.00. Following the sale, the chairman directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.76% of the company’s stock.

A. O. Smith Stock Down 1.0%

NYSE AOS opened at $71.68 on Friday. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $92.06. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $69.83 and its 200-day simple moving average is $67.19. The firm has a market cap of $10.04 billion, a PE ratio of 19.97, a P/E/G ratio of 1.58 and a beta of 1.22.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.10. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.89 million. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. A. O. Smith’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 EPS. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. As a group, equities analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, July 31st. A. O. Smith’s payout ratio is 37.88%.

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.