Y Intercept Hong Kong Ltd Decreases Stake in A. O. Smith Corporation $AOS

Y Intercept Hong Kong Ltd trimmed its holdings in shares of A. O. Smith Corporation (NYSE:AOS) by 56.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,640 shares of the industrial products company’s stock after selling 80,883 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in A. O. Smith were worth $4,598,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC grew its stake 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 valued at $29,000 after purchasing an additional 263 shares in the last quarter. True Wealth Design LLC raised its position in shares of A. O. Smith by 44,400.0% in the 2nd quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 444 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of A. O. Smith during the 2nd quarter valued at approximately $30,000. Evelyn Partners Investment Management LLP grew its position in shares of A. O. Smith by 988.9% during the second quarter. Evelyn Partners Investment Management LLP now owns 490 shares of the industrial products company’s stock worth $32,000 after buying an additional 445 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of A. O. Smith in the third quarter worth $33,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AOS shares. Citigroup reduced their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of A. O. Smith in a research note on Wednesday, December 24th. Robert W. Baird set a $76.00 price target on A. O. Smith in a research note on Wednesday, October 29th. Wall Street Zen raised A. O. Smith from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Finally, Stifel Nicolaus set a $80.00 target price on A. O. Smith and gave the stock a “buy” rating in a report on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.50.

A. O. Smith Price Performance

AOS opened at $72.45 on Monday. 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’s 50-day moving average price is $68.04 and its 200 day moving average price is $69.62. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $77.31. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.47 and a beta of 1.35.

A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. The company 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% 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, sell-side analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, January 30th. A. O. Smith’s dividend payout ratio is presently 38.81%.

A. O. Smith Company Profile

A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.

The company operates through two primary segments: North America and Asia.