A. O. Smith Corporation $AOS Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in A. O. Smith Corporation (NYSE:AOS) by 8.3% during the 1st quarter, Holdings Channel reports. The fund owned 188,905 shares of the industrial products company’s stock after acquiring an additional 14,465 shares during the period. Hsbc Holdings PLC’s holdings in A. O. Smith were worth $12,432,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV raised its stake in A. O. Smith by 3,481.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 394 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 383 shares during the last quarter. Torren Management LLC acquired a new stake in shares of A. O. Smith during the 4th quarter worth about $31,000. Eagle Bay Advisors LLC purchased a new stake in shares of A. O. Smith during the fourth quarter worth about $32,000. Larson Financial Group LLC grew its holdings in shares of A. O. Smith by 67.9% during the third quarter. Larson Financial Group LLC now owns 487 shares of the industrial products company’s stock worth $36,000 after buying an additional 197 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

A. O. Smith Price Performance

AOS stock opened at $59.35 on Thursday. The stock has a 50-day moving average price of $58.95 and a two-hundred day moving average price of $65.75. A. O. Smith Corporation has a 12-month low of $54.16 and a 12-month high of $81.86. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.31. The company has a market cap of $8.18 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.31 and a beta of 1.16.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.09). A. O. Smith had a return on equity of 28.42% and a net margin of 13.84%.The firm had revenue of $945.60 million during the quarter, compared to analysts’ expectations of $974.06 million. During the same quarter last year, the business earned $0.95 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, research analysts predict that A. O. Smith Corporation will post 3.74 EPS for the current year.

A. O. Smith Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, July 31st. A. O. Smith’s payout ratio is 38.30%.

Wall Street Analyst Weigh In

AOS has been the subject of several recent analyst reports. Citigroup lowered their target price on shares of A. O. Smith from $74.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. DA Davidson set a $67.00 price objective on A. O. Smith and gave the stock a “neutral” rating in a report on Monday, May 4th. The Goldman Sachs Group dropped their target price on A. O. Smith from $69.00 to $61.00 and set a “sell” rating for the company in a research note on Monday, April 13th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $60.00 target price (down from $65.00) on shares of A. O. Smith in a research report on Friday, May 15th. Finally, Oppenheimer set a $75.00 price target on A. O. Smith and gave the company an “outperform” rating in a report on Wednesday, June 10th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $69.44.

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.