Johnson Investment Counsel Inc. Has $2.86 Million Stock Holdings in A. O. Smith Corporation $AOS

Johnson Investment Counsel Inc. grew its stake in A. O. Smith Corporation (NYSE:AOS) by 0.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 43,644 shares of the industrial products company’s stock after buying an additional 367 shares during the period. Johnson Investment Counsel Inc.’s holdings in A. O. Smith were worth $2,862,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in 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 purchasing an additional 286,316 shares during the period. Impax Asset Management Group plc grew its stake in A. O. Smith by 67.3% during the first quarter. Impax Asset Management Group plc now owns 5,188,561 shares of the industrial products company’s stock worth $339,124,000 after purchasing an additional 2,086,433 shares during the period. Invesco Ltd. grew its stake in A. O. Smith by 6.5% during the first quarter. Invesco Ltd. now owns 5,011,496 shares of the industrial products company’s stock worth $327,551,000 after purchasing an additional 307,201 shares during the period. Amundi grew 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 worth $121,240,000 after purchasing an additional 160,522 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in A. O. Smith by 35.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,670,567 shares of the industrial products company’s stock worth $109,187,000 after purchasing an additional 438,291 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

Insider Buying and Selling at A. O. Smith

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $71.26, for a total value of $1,581,972.00. Following the transaction, the chairman owned 100,647 shares in the company, valued at $7,172,105.22. This trade represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by corporate insiders.

A. O. Smith Stock Down 2.9%

Shares of NYSE:AOS opened at $67.68 on Monday. The business’s 50 day simple moving average is $72.09 and its two-hundred day simple moving average is $68.40. The firm has a market cap of $9.48 billion, a P/E ratio of 18.85, a PEG ratio of 1.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.65. A. O. Smith Corporation has a 52-week low of $58.83 and a 52-week high of $83.20.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.10. A. O. Smith had a return on equity of 28.42% and a net margin of 13.68%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.89 million. During the same quarter in the prior year, the company earned $1.06 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. As a group, research analysts forecast that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on AOS shares. Robert W. Baird raised their target price on A. O. Smith from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Oppenheimer raised their target price on A. O. Smith from $82.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Stifel Nicolaus raised their target price on A. O. Smith from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. started coverage on A. O. Smith in a report on Tuesday, June 24th. They issued a “neutral” rating and a $70.00 price target on the stock. Finally, Weiss Ratings reiterated 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 issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.43.

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.