A. O. Smith Corporation $AOS Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its position in shares of A. O. Smith Corporation (NYSE:AOS) by 5.0% in the 2nd quarter, Holdings Channel reports. The firm owned 4,763,032 shares of the industrial products company’s stock after selling 248,464 shares during the period. Invesco Ltd.’s holdings in A. O. Smith were worth $312,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AOS. Vermillion & White Wealth Management Group LLC acquired a new stake in A. O. Smith during the 1st quarter worth $26,000. TD Private Client Wealth LLC lifted its stake in shares of A. O. Smith by 143.7% in the second quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company’s stock worth $29,000 after buying an additional 263 shares in the last quarter. True Wealth Design LLC boosted its position in A. O. Smith by 44,400.0% during the second quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 444 shares during the last quarter. National Pension Service grew its stake in A. O. Smith by 74.8% during the 1st quarter. National Pension Service now owns 458 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 196 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in A. O. Smith in the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

A. O. Smith Stock Performance

NYSE AOS opened at $68.03 on Friday. The stock has a market cap of $9.47 billion, a PE ratio of 18.34, a P/E/G ratio of 1.50 and a beta of 1.34. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.09. A. O. Smith Corporation has a twelve month low of $58.83 and a twelve month high of $77.31. The stock has a fifty day simple moving average of $67.67 and a 200-day simple moving average of $68.70.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share (EPS) 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 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 firm earned $0.82 EPS. A. O. Smith’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. Equities analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, October 31st. This is an increase from A. O. Smith’s previous quarterly dividend of $0.34. A. O. Smith’s dividend payout ratio is 38.81%.

Analyst Ratings Changes

AOS has been the topic of several recent research reports. Robert W. Baird set a $76.00 target price on A. O. Smith in a report on Wednesday, October 29th. DA Davidson reissued a “neutral” rating and set a $75.00 price objective on shares of A. O. Smith in a research note on Thursday, November 13th. Stifel Nicolaus set a $80.00 target price on A. O. Smith and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Citigroup lowered their price target on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Finally, Wall Street Zen upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $76.71.

A. O. Smith Company 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.