Quantbot Technologies LP Buys 11,845 Shares of A. O. Smith Corporation $AOS

Quantbot Technologies LP raised its stake in A. O. Smith Corporation (NYSE:AOS) by 18.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 76,477 shares of the industrial products company’s stock after buying an additional 11,845 shares during the quarter. Quantbot Technologies LP’s holdings in A. O. Smith were worth $5,015,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AOS. Oppenheimer Asset Management Inc. bought a new position in shares of A. O. Smith in the 2nd quarter valued at $1,045,000. Sequoia Financial Advisors LLC acquired a new stake in A. O. Smith in the second quarter valued at about $386,000. Magnetar Financial LLC bought a new position in A. O. Smith in the second quarter valued at about $2,837,000. Charles Schwab Investment Management Inc. raised its stake in A. O. Smith by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,265,091 shares of the industrial products company’s stock worth $82,952,000 after acquiring an additional 13,906 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of A. O. Smith by 64.4% in the second quarter. Teacher Retirement System of Texas now owns 28,832 shares of the industrial products company’s stock worth $1,891,000 after acquiring an additional 11,294 shares during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

A. O. Smith Price Performance

Shares of NYSE:AOS opened at $67.34 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 1.54. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $77.31. The firm has a market cap of $9.38 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34. The firm’s fifty day moving average is $67.84 and its 200-day moving average is $68.73.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating 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 return on equity of 29.34% and a net margin of 13.85%.A. O. Smith’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. Sell-side analysts predict that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, October 31st. A. O. Smith’s dividend payout ratio is 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.