Elo Mutual Pension Insurance Co Has $911,000 Stake in A. O. Smith Corporation $AOS

Elo Mutual Pension Insurance Co lifted its stake in A. O. Smith Corporation (NYSE:AOS) by 22.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 13,899 shares of the industrial products company’s stock after purchasing an additional 2,545 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in A. O. Smith were worth $911,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AOS. Vanguard Group Inc. lifted 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 last quarter. Invesco Ltd. lifted its position in shares of A. O. Smith by 6.5% during the 1st quarter. Invesco Ltd. now owns 5,011,496 shares of the industrial products company’s stock worth $327,551,000 after buying an additional 307,201 shares during the last quarter. ProShare Advisors LLC boosted its stake in 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 in the last quarter. American Century Companies Inc. grew its position in A. O. Smith by 54.3% in the second quarter. American Century Companies Inc. now owns 2,080,288 shares of the industrial products company’s stock valued at $136,405,000 after acquiring an additional 732,041 shares during the last quarter. Finally, Amundi raised 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 acquiring an additional 160,522 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus set a $80.00 price target on shares of A. O. Smith and gave the company a “buy” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of A. O. Smith in a research report on Wednesday, October 8th. DA Davidson reaffirmed a “neutral” rating and set a $75.00 target price on shares of A. O. Smith in a research note on Thursday, November 13th. Wall Street Zen upgraded A. O. Smith from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Citigroup reduced their price objective on A. O. Smith from $77.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, A. O. Smith currently has an average rating of “Hold” and an average price target of $76.71.

A. O. Smith Trading Down 0.5%

Shares of NYSE AOS opened at $65.98 on Friday. The firm has a 50 day moving average price of $68.18 and a two-hundred day moving average price of $68.80. The stock has a market cap of $9.19 billion, a P/E ratio of 17.78, a price-to-earnings-growth 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 $77.31. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.54.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.05. The company had revenue of $942.50 million for the quarter, compared to analysts’ expectations of $946.33 million. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. A. O. Smith’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter 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 analysts forecast that A. O. Smith Corporation will post 3.76 EPS for the current year.

A. O. Smith Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, October 31st. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 2.2%. A. O. Smith’s payout ratio is currently 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.