Trust Point Inc. Sells 24,467 Shares of A. O. Smith Corporation $AOS

Trust Point Inc. decreased its holdings in shares of A. O. Smith Corporation (NYSE:AOS) by 49.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,567 shares of the industrial products company’s stock after selling 24,467 shares during the quarter. Trust Point Inc.’s holdings in A. O. Smith were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC purchased a new stake in A. O. Smith during the 1st quarter worth about $26,000. True Wealth Design LLC grew its holdings in A. O. Smith by 44,400.0% during the 2nd quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock valued at $29,000 after buying an additional 444 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of A. O. Smith by 143.7% during 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. Loomis Sayles & Co. L P purchased a new stake in shares of A. O. Smith in the second quarter worth about $30,000. Finally, Evelyn Partners Investment Management LLP boosted its position in shares of A. O. Smith by 988.9% in the second quarter. Evelyn Partners Investment Management LLP now owns 490 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 445 shares during the period. 76.10% of the stock is owned by institutional investors.

A. O. Smith Stock Performance

A. O. Smith stock opened at $68.03 on Friday. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $77.31. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 1.54. The stock has a market cap of $9.47 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.50 and a beta of 1.34. The firm’s fifty day moving average price is $66.89 and its 200-day moving average price is $68.86.

A. O. Smith (NYSE:AOS) last released its earnings results on Tuesday, October 28th. The industrial products company reported $0.94 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $946.33 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. On average, equities research analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.34. A. O. Smith’s payout ratio is 38.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird set a $76.00 price objective on shares of A. O. Smith in a research note on Wednesday, October 29th. DA Davidson restated a “neutral” rating and set a $75.00 price target on shares of A. O. Smith in a research report on Thursday, November 13th. Citigroup decreased 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 report on Wednesday, October 29th. Wall Street Zen raised A. O. Smith from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of A. O. Smith in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, A. O. Smith has a consensus rating of “Hold” and a consensus target price of $76.71.

About A. O. Smith

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.