17,686 Shares in A. O. Smith Corporation $AOS Bought by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. bought a new stake in A. O. Smith Corporation (NYSE:AOS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,686 shares of the industrial products company’s stock, valued at approximately $1,299,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ProShare Advisors LLC grew its stake in shares of A. O. Smith by 3.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,500,230 shares of the industrial products company’s stock valued at $163,940,000 after buying an additional 79,696 shares in the last quarter. American Century Companies Inc. grew its position in A. O. Smith by 54.3% in the second quarter. American Century Companies Inc. now owns 2,080,288 shares of the industrial products company’s stock worth $136,405,000 after acquiring an additional 732,041 shares in the last quarter. Norges Bank acquired a new position in shares of A. O. Smith during the 2nd quarter worth $91,939,000. Sarasin & Partners LLP raised its holdings in shares of A. O. Smith by 17.8% during the 3rd quarter. Sarasin & Partners LLP now owns 1,400,613 shares of the industrial products company’s stock valued at $101,895,000 after purchasing an additional 211,540 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of A. O. Smith by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,265,091 shares of the industrial products company’s stock valued at $82,952,000 after purchasing an additional 13,906 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

A. O. Smith Price Performance

Shares of A. O. Smith stock opened at $73.14 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.54 and a quick ratio of 0.95. The company has a market cap of $10.18 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.46 and a beta of 1.35. The firm has a fifty day moving average price of $67.88 and a two-hundred day moving average price of $69.58. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $77.31.

A. O. Smith (NYSE:AOS) last released its earnings results on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.05. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. The business had revenue of $942.50 million during the quarter, compared to analysts’ expectations of $946.33 million. During the same quarter last year, the company 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. Analysts expect that A. O. Smith Corporation will post 3.76 EPS for the current year.

A. O. Smith Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, January 30th. A. O. Smith’s dividend payout ratio (DPR) is 38.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AOS shares. Robert W. Baird set a $76.00 target price on shares of A. O. Smith in a research report on Wednesday, October 29th. Jefferies Financial Group set a $75.00 price target on A. O. Smith and gave the stock a “hold” rating in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of A. O. Smith in a research note on Wednesday, December 24th. Stifel Nicolaus set a $80.00 target price on A. O. Smith and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Citigroup reduced their price objective on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $76.50.

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.