Reinhart Partners LLC. Takes Position in A. O. Smith Corporation $AOS

Reinhart Partners LLC. acquired a new stake in A. O. Smith Corporation (NYSE:AOS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 109,260 shares of the industrial products company’s stock, valued at approximately $7,164,000. Reinhart Partners LLC. owned 0.08% of A. O. Smith as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of A. O. Smith by 9.7% in the 1st quarter. Principal Financial Group Inc. now owns 178,543 shares of the industrial products company’s stock valued at $11,670,000 after buying an additional 15,769 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in A. O. Smith by 41.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,089 shares of the industrial products company’s stock worth $463,000 after purchasing an additional 2,084 shares during the period. Envestnet Asset Management Inc. raised its holdings in A. O. Smith by 75.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 402,039 shares of the industrial products company’s stock worth $26,277,000 after purchasing an additional 173,366 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings 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 worth $528,000 after purchasing an additional 1,251 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in A. O. Smith by 3.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,532 shares of the industrial products company’s stock worth $363,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AOS. Oppenheimer upped their price target on A. O. Smith from $82.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Stifel Nicolaus upped their price target on A. O. Smith from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Robert W. Baird upped their price target on A. O. Smith from $76.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Wall Street Zen raised A. O. Smith from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of A. O. Smith in a report on Saturday. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, A. O. Smith has an average rating of “Hold” and an average target price of $77.43.

A. O. Smith Trading Up 0.5%

AOS opened at $73.59 on Wednesday. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $92.06. The business has a fifty day simple moving average of $71.46 and a 200-day simple moving average of $67.76. The firm has a market cap of $10.31 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.59 and a beta of 1.25. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 0.15.

A. O. Smith (NYSE:AOS) last released its earnings results on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.89 million. A. O. Smith had a return on equity of 28.42% and a net margin of 13.68%.A. O. Smith’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $1.06 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. On average, equities analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.34 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.36 dividend on an annualized basis and a yield of 1.8%. A. O. Smith’s dividend payout ratio (DPR) is 37.88%.

Insider Transactions at A. O. Smith

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of A. O. Smith stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the completion of the sale, the chairman directly owned 100,647 shares of the company’s stock, valued at $7,172,105.22. The trade was a 18.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.76% of the company’s stock.

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.