10,930 Shares in A. O. Smith Corporation $AOS Bought by Oak Thistle LLC

Oak Thistle LLC acquired a new stake in shares of A. O. Smith Corporation (NYSE:AOS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,930 shares of the industrial products company’s stock, valued at approximately $802,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC raised its position in A. O. Smith by 4.5% during the second quarter. Legacy Capital Wealth Partners LLC now owns 3,972 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 171 shares in the last quarter. Financial Advocates Investment Management grew its stake in shares of A. O. Smith by 2.5% during the 2nd quarter. Financial Advocates Investment Management now owns 7,040 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 175 shares during the period. Advisory Alpha LLC increased its holdings in shares of A. O. Smith by 5.4% during the 1st quarter. Advisory Alpha LLC now owns 3,642 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 188 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in A. O. Smith by 50.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 596 shares of the industrial products company’s stock worth $39,000 after buying an additional 201 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in A. O. Smith by 1.7% during the first quarter. Summit Investment Advisors Inc. now owns 11,765 shares of the industrial products company’s stock worth $769,000 after buying an additional 202 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AOS has been the subject of a number of recent analyst reports. Citigroup cut 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 report on Wednesday, October 29th. DA Davidson restated a “neutral” rating and issued a $75.00 price target on shares of A. O. Smith in a research note on Thursday, November 13th. Robert W. Baird set a $76.00 price target on A. O. Smith in a report on Wednesday, October 29th. Wall Street Zen raised A. O. Smith from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A. O. Smith in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $76.71.

A. O. Smith Trading Up 0.1%

AOS stock opened at $68.14 on Friday. A. O. Smith Corporation has a 12-month low of $58.83 and a 12-month high of $77.31. The business’s 50-day moving average is $66.89 and its 200 day moving average is $68.79. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.09. The stock has a market cap of $9.49 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.50 and a beta of 1.34.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $942.50 million for the quarter, compared to analyst estimates of $946.33 million. During the same period in the previous year, the company posted $0.82 earnings per share. The business’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, sell-side analysts anticipate that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were given a $0.36 dividend. 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. The ex-dividend date was Friday, October 31st. A. O. Smith’s dividend payout ratio (DPR) is currently 38.81%.

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.