Weiss Asset Management LP Has $2.10 Million Holdings in A. O. Smith Corporation $AOS

Weiss Asset Management LP decreased its holdings in A. O. Smith Corporation (NYSE:AOS) by 35.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 31,815 shares of the industrial products company’s stock after selling 17,819 shares during the quarter. Weiss Asset Management LP’s holdings in A. O. Smith were worth $2,098,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in A. O. Smith during the 4th quarter valued at about $97,101,000. Madison Asset Management LLC purchased a new stake in shares of A. O. Smith in the fourth quarter worth approximately $80,885,000. Natixis Advisors LLC raised its stake in shares of A. O. Smith by 220.4% in the fourth quarter. Natixis Advisors LLC now owns 1,022,299 shares of the industrial products company’s stock worth $68,371,000 after purchasing an additional 703,186 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of A. O. Smith by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 15,096,018 shares of the industrial products company’s stock valued at $1,009,622,000 after purchasing an additional 683,176 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of A. O. Smith by 93.2% in the fourth quarter. AQR Capital Management LLC now owns 1,279,356 shares of the industrial products company’s stock valued at $85,563,000 after purchasing an additional 617,179 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

Analyst Ratings Changes

AOS has been the subject of several recent research reports. Citigroup decreased their price target on A. O. Smith from $74.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Stifel Nicolaus set a $76.00 price objective on A. O. Smith and gave the company a “buy” rating in a research note on Monday, July 20th. The Goldman Sachs Group dropped their price objective on A. O. Smith from $69.00 to $61.00 and set a “sell” rating on the stock in a research note on Monday, April 13th. Oppenheimer set a $75.00 target price on shares of A. O. Smith and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings downgraded shares of A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $69.44.

A. O. Smith Stock Down 0.0%

A. O. Smith stock opened at $60.77 on Monday. The firm has a 50 day moving average price of $59.07 and a 200-day moving average price of $65.63. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. A. O. Smith Corporation has a twelve month low of $54.16 and a twelve month high of $81.86. The company has a market capitalization of $8.38 billion, a P/E ratio of 16.16, a P/E/G ratio of 1.35 and a beta of 1.16.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.09). A. O. Smith had a return on equity of 28.42% and a net margin of 13.84%.The company had revenue of $945.60 million during the quarter, compared to the consensus estimate of $974.06 million. During the same period last year, the firm posted $0.95 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts predict that A. O. Smith Corporation will post 3.74 EPS for the current year.

A. O. Smith Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.44 annualized dividend and a yield of 2.4%. A. O. Smith’s dividend payout ratio (DPR) is 38.30%.

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.