15,936 Shares in A. O. Smith Corporation $AOS Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. purchased a new stake in A. O. Smith Corporation (NYSE:AOS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,936 shares of the industrial products company’s stock, valued at approximately $1,045,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of A. O. Smith in the 1st quarter valued at approximately $26,000. TD Private Client Wealth LLC grew its holdings in A. O. Smith by 143.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 263 shares in the last quarter. National Pension Service grew its holdings in A. O. Smith by 74.8% during the 1st quarter. National Pension Service now owns 458 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 196 shares in the last quarter. TCTC Holdings LLC boosted its holdings in shares of A. O. Smith by 69.9% in the 1st quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company’s stock valued at $32,000 after buying an additional 202 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of A. O. Smith by 161.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 539 shares of the industrial products company’s stock valued at $35,000 after buying an additional 333 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on AOS shares. UBS Group reiterated a “neutral” rating and set a $76.00 price target (up previously from $74.00) on shares of A. O. Smith in a research note on Monday, July 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A. O. Smith in a research note on Wednesday, October 8th. Citigroup decreased their price target on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday. Oppenheimer boosted their target price on shares of A. O. Smith from $82.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, Robert W. Baird set a $76.00 price objective on shares of A. O. Smith in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $77.00.

A. O. Smith Stock Down 1.0%

AOS opened at $66.02 on Friday. The firm has a market cap of $9.25 billion, a P/E ratio of 17.79, a PEG ratio of 1.43 and a beta of 1.30. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $77.92. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 0.09. The business’s fifty day simple moving average is $71.10 and its 200 day simple moving average is $68.90.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. The business had revenue of $942.50 million during the quarter, compared to the consensus estimate of $946.33 million. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. As a group, equities research analysts anticipate that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be issued a $0.36 dividend. The ex-dividend date is Friday, October 31st. This is a positive change 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%. A. O. Smith’s payout ratio is presently 38.81%.

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.