JPMorgan Chase & Co. Has $34.53 Million Stock Position in A. O. Smith Corporation $AOS

JPMorgan Chase & Co. increased its stake in A. O. Smith Corporation (NYSE:AOS) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 526,676 shares of the industrial products company’s stock after buying an additional 56,386 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.38% of A. O. Smith worth $34,534,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AOS. Vanguard Group Inc. lifted its stake in A. O. Smith by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 14,404,259 shares of the industrial products company’s stock valued at $941,462,000 after purchasing an additional 286,316 shares during the last quarter. Invesco Ltd. lifted its position in shares of A. O. Smith by 6.5% in the first 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 during the last quarter. ProShare Advisors LLC lifted its position in shares of A. O. Smith by 3.3% in the second quarter. ProShare Advisors LLC now owns 2,500,230 shares of the industrial products company’s stock valued at $163,940,000 after buying an additional 79,696 shares during the last quarter. Amundi boosted its stake in shares of A. O. Smith by 9.4% during the 1st quarter. Amundi now owns 1,872,658 shares of the industrial products company’s stock worth $121,240,000 after acquiring an additional 160,522 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of A. O. Smith by 35.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,670,567 shares of the industrial products company’s stock worth $109,187,000 after acquiring an additional 438,291 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AOS. Wall Street Zen raised A. O. Smith from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Stifel Nicolaus set a $80.00 price target on shares of A. O. Smith and gave the stock a “buy” rating in a report on Wednesday, October 29th. DA Davidson reiterated a “neutral” rating and set a $75.00 price target on shares of A. O. Smith in a research report on Thursday, November 13th. Citigroup cut their target price on A. O. Smith from $77.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, Robert W. Baird set a $76.00 price target on A. O. Smith in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $76.71.

A. O. Smith Trading Down 0.0%

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

A. O. Smith (NYSE:AOS) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.89 by $0.05. A. O. Smith had a return on equity of 29.34% and a net margin of 13.85%.The firm had revenue of $942.50 million for the quarter, compared to the consensus estimate of $946.33 million. During the same period in the previous year, the business earned $0.82 EPS. The business’s quarterly 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, research analysts predict that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Increases Dividend

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

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.