Asset Management One Co. Ltd. Has $280,000 Stake in A. O. Smith Corporation $AOS

Asset Management One Co. Ltd. reduced its holdings in shares of A. O. Smith Corporation (NYSE:AOS) by 91.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,266 shares of the industrial products company’s stock after selling 43,738 shares during the quarter. Asset Management One Co. Ltd.’s holdings in A. O. Smith were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of A. O. Smith by 41.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,089 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 2,084 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in A. O. Smith by 18.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,085 shares of the industrial products company’s stock valued at $528,000 after buying an additional 1,251 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in A. O. Smith by 10.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,102 shares of the industrial products company’s stock worth $1,909,000 after acquiring an additional 2,698 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of A. O. Smith by 3.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,532 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 177 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of A. O. Smith by 5.0% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 306,644 shares of the industrial products company’s stock valued at $20,042,000 after purchasing an additional 14,543 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Trading Up 1.7%

AOS opened at $66.72 on Friday. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 1.43 and a beta of 1.30. The company has a quick ratio of 1.03, a current ratio of 1.54 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 $77.92. The company has a 50-day simple moving average of $71.25 and a 200 day simple moving average of $68.89.

A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.89 by $0.05. The company had revenue of $942.50 million during the quarter, compared to analysts’ expectations of $946.33 million. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. Analysts predict 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 will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.34. A. O. Smith’s dividend payout ratio (DPR) is 37.88%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of A. O. Smith in a research note on Wednesday, October 8th. Stifel Nicolaus set a $80.00 target price on shares of A. O. Smith and gave the company a “buy” rating in a research report on Wednesday. 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. UBS Group reiterated a “neutral” rating and issued a $76.00 price objective (up previously from $74.00) on shares of A. O. Smith in a research note on Monday, July 28th. Finally, Robert W. Baird set a $76.00 target price on shares of A. O. Smith in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.00.

About A. O. Smith

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.