Intech Investment Management LLC Has $2.33 Million Stake in A. O. Smith Corporation $AOS

Intech Investment Management LLC decreased its position in shares of A. O. Smith Corporation (NYSE:AOS) by 70.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,613 shares of the industrial products company’s stock after selling 86,310 shares during the period. Intech Investment Management LLC’s holdings in A. O. Smith were worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AOS. Impax Asset Management Group plc increased its holdings in shares of A. O. Smith by 67.3% during the first quarter. Impax Asset Management Group plc now owns 5,188,561 shares of the industrial products company’s stock worth $339,124,000 after buying an additional 2,086,433 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of A. O. Smith by 998.6% in the first quarter. American Century Companies Inc. now owns 1,348,247 shares of the industrial products company’s stock valued at $88,121,000 after purchasing an additional 1,225,521 shares in the last quarter. Sarasin & Partners LLP acquired a new stake in shares of A. O. Smith in the first quarter valued at approximately $74,180,000. Voloridge Investment Management LLC increased its holdings in shares of A. O. Smith by 242.8% in the fourth quarter. Voloridge Investment Management LLC now owns 627,282 shares of the industrial products company’s stock valued at $42,787,000 after purchasing an additional 444,307 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of A. O. Smith by 35.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,670,567 shares of the industrial products company’s stock valued at $109,187,000 after purchasing an additional 438,291 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

AOS has been the subject of a number of research reports. Wall Street Zen raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. UBS Group reissued a “neutral” rating and issued a $76.00 price target (up previously from $74.00) on shares of A. O. Smith in a report on Monday, July 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of A. O. Smith in a report on Saturday. Robert W. Baird raised their price target on shares of A. O. Smith from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, Oppenheimer raised their price target on shares of A. O. Smith from $82.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.43.

Insider Buying and Selling at A. O. Smith

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of A. O. Smith stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the transaction, the chairman directly owned 100,647 shares of the company’s stock, valued at $7,172,105.22. This trade represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.76% of the stock is currently owned by corporate insiders.

A. O. Smith Price Performance

AOS opened at $73.32 on Tuesday. The company has a fifty day moving average price of $71.36 and a two-hundred day moving average price of $67.72. The firm has a market capitalization of $10.27 billion, a PE ratio of 20.42, a P/E/G ratio of 1.58 and a beta of 1.25. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $92.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.65.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Thursday, July 24th. The industrial products company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $997.89 million. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $1.06 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. As a group, analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 31st. A. O. Smith’s dividend payout ratio (DPR) is currently 37.88%.

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.