15,942 Shares in A. O. Smith Corporation $AOS Purchased by OP Asset Management Ltd

OP Asset Management Ltd purchased a new stake in A. O. Smith Corporation (NYSE:AOS) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 15,942 shares of the industrial products company’s stock, valued at approximately $1,051,000.

Several other institutional investors also recently bought and sold shares of AOS. JPMorgan Chase & Co. lifted its stake in shares of A. O. Smith by 26.4% in the third quarter. JPMorgan Chase & Co. now owns 665,793 shares of the industrial products company’s stock worth $48,876,000 after buying an additional 139,117 shares in the last quarter. Earnest Partners LLC boosted its position in A. O. Smith by 1.8% during the third quarter. Earnest Partners LLC now owns 2,082,982 shares of the industrial products company’s stock worth $152,912,000 after acquiring an additional 36,122 shares during the last quarter. First Trust Advisors LP grew its stake in A. O. Smith by 4.6% during the 3rd quarter. First Trust Advisors LP now owns 2,508,947 shares of the industrial products company’s stock valued at $184,182,000 after acquiring an additional 109,654 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in A. O. Smith by 128.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 53,700 shares of the industrial products company’s stock valued at $3,942,000 after acquiring an additional 30,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in A. O. Smith by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,871,694 shares of the industrial products company’s stock valued at $137,393,000 after acquiring an additional 38,694 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AOS. DA Davidson set a $67.00 target price on shares of A. O. Smith and gave the stock a “neutral” rating in a research note on Monday, May 4th. The Goldman Sachs Group cut their price target on A. O. Smith from $69.00 to $61.00 and set a “sell” rating for the company in a report on Monday, April 13th. Citigroup reduced their price objective on A. O. Smith from $74.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $60.00 price objective (down from $65.00) on shares of A. O. Smith in a research note on Friday, May 15th. Finally, Oppenheimer set a $75.00 target price on A. O. Smith and gave the company an “outperform” rating in a report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $69.33.

A. O. Smith Stock Performance

NYSE:AOS opened at $61.64 on Tuesday. The company’s 50-day moving average is $59.47 and its two-hundred day moving average is $66.63. A. O. Smith Corporation has a 1-year low of $54.16 and a 1-year high of $81.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.00. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 1.36 and a beta of 1.18.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.09). The firm had revenue of $945.60 million for the quarter, compared to analyst estimates of $974.06 million. A. O. Smith had a return on equity of 28.42% and a net margin of 13.84%.The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. Analysts forecast that A. O. Smith Corporation will post 3.77 EPS for the current year.

A. O. Smith Announces Dividend

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

A. O. Smith Company 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.