A. O. Smith Corporation $AOS Stock Position Trimmed by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp decreased its position in A. O. Smith Corporation (NYSE:AOS) by 45.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,110 shares of the industrial products company’s stock after selling 13,621 shares during the period. OMERS ADMINISTRATION Corp’s holdings in A. O. Smith were worth $1,056,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AOS. Vanguard Group Inc. boosted its position in shares of A. O. Smith by 2.0% during the first quarter. Vanguard Group Inc. now owns 14,404,259 shares of the industrial products company’s stock worth $941,462,000 after buying an additional 286,316 shares during the period. Invesco Ltd. grew its position in A. O. Smith by 6.5% in the 1st quarter. Invesco Ltd. now owns 5,011,496 shares of the industrial products company’s stock valued at $327,551,000 after buying an additional 307,201 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of A. O. Smith by 3.3% during 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 purchasing an additional 79,696 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of A. O. Smith by 54.3% in the 2nd quarter. American Century Companies Inc. now owns 2,080,288 shares of the industrial products company’s stock worth $136,405,000 after purchasing an additional 732,041 shares in the last quarter. Finally, Amundi lifted its stake in A. O. Smith by 9.4% during the first quarter. Amundi now owns 1,872,658 shares of the industrial products company’s stock valued at $121,240,000 after purchasing an additional 160,522 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AOS shares. Robert W. Baird set a $76.00 price objective on A. O. Smith in a research report on Wednesday, October 29th. Stifel Nicolaus set a $80.00 target price on shares of A. O. Smith and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of A. O. Smith in a report on Wednesday, October 8th. Citigroup cut their price objective on A. O. Smith from $77.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Finally, Wall Street Zen raised A. O. Smith from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, A. O. Smith presently has a consensus rating of “Hold” and an average target price of $76.71.

A. O. Smith Trading Down 0.0%

Shares of AOS stock opened at $66.00 on Wednesday. A. O. Smith Corporation has a 12 month low of $58.83 and a 12 month high of $77.31. The company has a market cap of $9.19 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $67.94 and its two-hundred day moving average is $68.74.

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 for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $0.82 earnings per share. A. O. Smith’s revenue for the quarter 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 predict that A. O. Smith Corporation will post 3.76 EPS for the current year.

A. O. Smith Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 31st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.2%. 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 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.