Schroder Investment Management Group Has $10.16 Million Stock Position in A. O. Smith Corporation $AOS

Schroder Investment Management Group increased its position in shares of A. O. Smith Corporation (NYSE:AOS) by 10.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,946 shares of the industrial products company’s stock after acquiring an additional 14,211 shares during the quarter. Schroder Investment Management Group owned 0.11% of A. O. Smith worth $10,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P acquired a new stake in A. O. Smith during the 2nd quarter valued at $30,000. Norges Bank acquired a new stake in shares of A. O. Smith in the second quarter worth $91,939,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of A. O. Smith by 18.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,892 shares of the industrial products company’s stock valued at $321,000 after buying an additional 754 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in A. O. Smith by 375.3% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 34,218 shares of the industrial products company’s stock valued at $2,244,000 after buying an additional 27,018 shares during the period. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in A. O. Smith by 50.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 596 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Stock Performance

AOS stock opened at $67.34 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.45 and a beta of 1.34. A. O. Smith Corporation has a 12 month low of $58.83 and a 12 month high of $77.31. The firm has a 50 day moving average of $67.84 and a two-hundred day moving average of $68.73.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results 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. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. The business had revenue of $942.50 million for the quarter, compared to the consensus estimate of $946.33 million. During the same quarter last year, the firm earned $0.82 EPS. A. O. Smith’s revenue for the quarter was up 4.4% on a year-over-year basis. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 31st were given a $0.36 dividend. This is an increase from A. O. Smith’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, October 31st. A. O. Smith’s payout ratio is presently 38.81%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus set a $80.00 target price on A. O. Smith and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wall Street Zen raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Robert W. Baird set a $76.00 target price on shares of A. O. Smith in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of A. O. Smith in a report on Wednesday, October 8th. Finally, Citigroup dropped their price target on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, A. O. Smith presently has a consensus rating of “Hold” and an average target price of $76.71.

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.