A. O. Smith Corporation $AOS Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its holdings in A. O. Smith Corporation (NYSE:AOS) by 84.8% during the second quarter, Holdings Channel reports. The fund owned 4,823 shares of the industrial products company’s stock after selling 26,914 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in A. O. Smith were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in A. O. Smith in the second quarter valued at $91,939,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of A. O. Smith by 18.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,892 shares of the industrial products company’s stock valued at $321,000 after buying an additional 754 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of A. O. Smith by 375.3% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 34,218 shares of the industrial products company’s stock valued at $2,244,000 after buying an additional 27,018 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of A. O. Smith by 50.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 596 shares of the industrial products company’s stock valued at $39,000 after buying an additional 201 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in shares of A. O. Smith in the second quarter worth about $64,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

A. O. Smith Price Performance

A. O. Smith stock opened at $66.00 on Wednesday. The stock has a market capitalization of $9.19 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.45 and a beta of 1.34. The company’s fifty day moving average price is $67.94 and its 200 day moving average price is $68.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 1.54. A. O. Smith Corporation has a 1 year low of $58.83 and a 1 year high of $77.31.

A. O. Smith (NYSE:AOS) last posted 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 business had revenue of $942.50 million for the quarter, compared to the consensus estimate of $946.33 million. During the same period last year, the firm posted $0.82 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. As a group, equities research analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, October 31st. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.34. A. O. Smith’s payout ratio is presently 38.81%.

Analyst Ratings Changes

AOS has been the subject of several recent research reports. Citigroup reduced their price target on A. O. Smith from $77.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. DA Davidson reaffirmed a “neutral” rating and set a $75.00 price objective on shares of A. O. Smith in a research note on Thursday, November 13th. Wall Street Zen raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Stifel Nicolaus set a $80.00 target price on shares of A. O. Smith and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of A. O. Smith in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, A. O. Smith has a consensus rating of “Hold” and a consensus target price 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.