Quantinno Capital Management LP Has $60.01 Million Stock Holdings in A. O. Smith Corporation $AOS

Quantinno Capital Management LP boosted its position in A. O. Smith Corporation (NYSE:AOS) by 70.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 910,117 shares of the industrial products company’s stock after buying an additional 376,684 shares during the period. Quantinno Capital Management LP’s holdings in A. O. Smith were worth $60,013,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in A. O. Smith by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,302 shares of the industrial products company’s stock worth $61,393,000 after acquiring an additional 154,201 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of A. O. Smith by 78.0% during the second quarter. EverSource Wealth Advisors LLC now owns 963 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 422 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of A. O. Smith during the second quarter valued at approximately $5,212,000. California Public Employees Retirement System raised its position in shares of A. O. Smith by 11.4% during the second quarter. California Public Employees Retirement System now owns 211,176 shares of the industrial products company’s stock worth $13,847,000 after purchasing an additional 21,657 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in shares of A. O. Smith by 165.3% in the 2nd quarter. Bank of Nova Scotia now owns 32,874 shares of the industrial products company’s stock worth $2,156,000 after purchasing an additional 20,485 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AOS shares. Stifel Nicolaus set a $76.00 price target on shares of A. O. Smith and gave the company a “buy” rating in a research report on Monday, July 20th. Robert W. Baird set a $70.00 price objective on shares of A. O. Smith in a report on Friday, May 1st. Zacks Research lowered shares of A. O. Smith from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Oppenheimer set a $75.00 price objective on shares of A. O. Smith and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, DA Davidson set a $67.00 target price on shares of A. O. Smith and gave the stock a “neutral” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $68.62.

A. O. Smith Stock Up 2.5%

Shares of NYSE:AOS opened at $63.97 on Wednesday. The business’s 50 day moving average is $59.35 and its 200 day moving average is $65.56. A. O. Smith Corporation has a 12-month low of $54.16 and a 12-month high of $81.86. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.39 and a beta of 1.16. 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 (NYSE:AOS) last released 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 net margin of 13.84% and a return on equity of 28.42%. The company had revenue of $945.60 million during the quarter, compared to analysts’ expectations of $974.06 million. During the same period in the previous year, the company posted $0.95 earnings per share. The company’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. On average, sell-side analysts forecast that A. O. Smith Corporation will post 3.74 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be issued a $0.36 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.44 annualized dividend and a dividend yield of 2.3%. A. O. Smith’s dividend payout ratio is currently 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.