Stoneridge Investment Partners LLC Purchases Shares of 9,510 A. O. Smith Corporation $AOS

Stoneridge Investment Partners LLC purchased a new position in shares of A. O. Smith Corporation (NYSE:AOS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,510 shares of the industrial products company’s stock, valued at approximately $572,000.

Several other institutional investors and hedge funds have also made changes to their positions in AOS. Creative Financial Designs Inc. ADV lifted its stake in A. O. Smith by 3,481.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 394 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 383 shares during the last quarter. Torren Management LLC acquired a new position in A. O. Smith in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC increased its stake in A. O. Smith by 67.9% in the third quarter. Larson Financial Group LLC now owns 487 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 197 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in A. O. Smith in the fourth quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. raised its holdings in A. O. Smith by 561.9% during the fourth quarter. Hantz Financial Services Inc. now owns 748 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 635 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Trading Down 0.5%

NYSE:AOS opened at $62.21 on Friday. The company has a market capitalization of $8.46 billion, a PE ratio of 17.28, a P/E/G ratio of 1.39 and a beta of 1.17. A. O. Smith Corporation has a 52-week low of $54.16 and a 52-week high of $81.86. The stock’s 50 day moving average price is $60.68 and its 200 day moving average price is $64.76. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.32.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $994.89 million. A. O. Smith had a return on equity of 27.88% and a net margin of 13.15%.The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. On average, research analysts anticipate 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. Investors of record on Friday, July 31st will be given a $0.36 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.44 annualized dividend and a yield of 2.3%. A. O. Smith’s dividend payout ratio is 40.00%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $60.00 price objective (down from $65.00) on shares of A. O. Smith in a research report on Friday, May 15th. Zacks Research raised shares of A. O. Smith from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings lowered shares of A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Citigroup reduced their price target on shares of A. O. Smith from $65.00 to $64.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Finally, Stifel Nicolaus reduced their price target on shares of A. O. Smith from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.75.

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.