A. O. Smith Corporation $AOS Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its stake in A. O. Smith Corporation (NYSE:AOS) by 67.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 703,108 shares of the industrial products company’s stock after selling 1,483,551 shares during the period. Pictet Asset Management Holding SA owned 0.51% of A. O. Smith worth $46,356,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV increased its position in shares of A. O. Smith by 3,481.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 394 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 383 shares during the period. Torren Management LLC acquired a new position in shares of A. O. Smith in the fourth quarter valued at about $31,000. Eagle Bay Advisors LLC purchased a new position in shares of A. O. Smith in the fourth quarter worth about $32,000. Los Angeles Capital Management LLC acquired a new stake in shares of A. O. Smith during the fourth quarter worth about $35,000. Finally, Larson Financial Group LLC lifted its holdings in shares of A. O. Smith by 67.9% during the third quarter. Larson Financial Group LLC now owns 487 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 197 shares during the period. 76.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AOS has been the topic of a number of recent research reports. Robert W. Baird set a $70.00 target price on A. O. Smith in a research report on Friday, May 1st. 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. Citigroup cut their price objective on shares of A. O. Smith from $74.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $60.00 target price (down from $65.00) on shares of A. O. Smith in a report on Friday, May 15th. Finally, DA Davidson set a $67.00 price target on shares of A. O. Smith and gave the company a “neutral” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $69.33.

A. O. Smith Stock Performance

AOS opened at $62.84 on Wednesday. The firm has a fifty day moving average price of $59.43 and a 200 day moving average price of $66.59. A. O. Smith Corporation has a 1 year low of $54.16 and a 1 year high of $81.86. The stock has a market cap of $8.66 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.36 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.00.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.09). A. O. Smith had a net margin of 13.84% and a return on equity of 28.42%. The firm had revenue of $945.60 million for the quarter, compared to analyst estimates of $974.06 million. During the same quarter in the prior year, the business posted $0.95 EPS. The firm’s quarterly revenue 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. Equities research analysts anticipate that A. O. Smith Corporation will post 3.77 earnings per share for the current year.

A. O. Smith Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.3%. 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.