A. O. Smith Corporation $AOS Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its holdings in shares of A. O. Smith Corporation (NYSE:AOS) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,804 shares of the industrial products company’s stock after purchasing an additional 576 shares during the quarter. Blue Trust Inc.’s holdings in A. O. Smith were worth $577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AOS. Impax Asset Management Group plc boosted its holdings in A. O. Smith by 67.3% during the 1st quarter. Impax Asset Management Group plc now owns 5,188,561 shares of the industrial products company’s stock valued at $339,124,000 after acquiring an additional 2,086,433 shares during the period. American Century Companies Inc. boosted its holdings in A. O. Smith by 998.6% during the 1st quarter. American Century Companies Inc. now owns 1,348,247 shares of the industrial products company’s stock valued at $88,121,000 after acquiring an additional 1,225,521 shares during the period. Dimensional Fund Advisors LP boosted its holdings in 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 valued at $109,187,000 after acquiring an additional 438,291 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in A. O. Smith by 62.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,088,103 shares of the industrial products company’s stock valued at $71,118,000 after acquiring an additional 417,667 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new position in A. O. Smith during the 1st quarter valued at about $26,211,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of A. O. Smith stock in a transaction that occurred on 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 transaction, the chairman owned 100,647 shares of the company’s stock, valued at $7,172,105.22. The trade was a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AOS has been the subject of a number of research analyst reports. UBS Group restated a “neutral” rating and set a $76.00 target price (up from $74.00) on shares of A. O. Smith in a report on Monday, July 28th. Stifel Nicolaus raised their target price on A. O. Smith from $78.00 to $81.00 and gave the company a “buy” rating in a report on Monday, July 21st. Wall Street Zen cut A. O. Smith from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A. O. Smith in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. started coverage on A. O. Smith in a research report on Tuesday, June 24th. They issued a “neutral” rating and a $70.00 price target on the stock. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, A. O. Smith has an average rating of “Hold” and an average price target of $77.43.

A. O. Smith Price Performance

Shares of NYSE AOS opened at $67.68 on Monday. The firm has a market capitalization of $9.48 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $83.20. The stock’s 50-day simple moving average is $72.09 and its 200-day simple moving average is $68.40. 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 (NYSE:AOS) last released its quarterly earnings results on Thursday, July 24th. The industrial products company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.97 by $0.10. The company had revenue of $1.01 billion for 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%.The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. As a group, equities research analysts forecast that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

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.