Exchange Traded Concepts LLC Has $1.45 Million Stake in A. O. Smith Corporation $AOS

Exchange Traded Concepts LLC trimmed its stake in shares of A. O. Smith Corporation (NYSE:AOS) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,088 shares of the industrial products company’s stock after selling 744 shares during the period. Exchange Traded Concepts LLC’s holdings in A. O. Smith were worth $1,448,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Beverly Hills Private Wealth LLC lifted its holdings in A. O. Smith by 3.1% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,847 shares of the industrial products company’s stock valued at $382,000 after buying an additional 176 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in A. O. Smith by 3.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,532 shares of the industrial products company’s stock valued at $363,000 after buying an additional 177 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its holdings in A. O. Smith by 1.2% in the first quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 15,607 shares of the industrial products company’s stock valued at $1,020,000 after buying an additional 184 shares during the period. Advisory Alpha LLC lifted its holdings in A. O. Smith by 5.4% in the first quarter. Advisory Alpha LLC now owns 3,642 shares of the industrial products company’s stock valued at $238,000 after buying an additional 188 shares during the period. Finally, National Pension Service lifted its holdings in A. O. Smith by 74.8% in the first quarter. National Pension Service now owns 458 shares of the industrial products company’s stock valued at $30,000 after buying an additional 196 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

A. O. Smith Stock Performance

NYSE AOS opened at $72.30 on Tuesday. The firm has a 50-day moving average of $71.73 and a 200-day moving average of $67.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.65. The stock has a market cap of $10.13 billion, a PE ratio of 20.14, a P/E/G ratio of 1.59 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.

A. O. Smith (NYSE:AOS) last posted its earnings results on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.10. The company had revenue of $1.01 billion during 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%. A. O. Smith’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. On average, sell-side analysts anticipate that A. O. Smith Corporation will post 3.76 EPS for the current year.

A. O. Smith Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.34 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.36 annualized dividend and a yield of 1.9%. A. O. Smith’s payout ratio is 37.88%.

Insiders Place Their Bets

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on AOS. Robert W. Baird upped their target price on shares of A. O. Smith from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Stifel Nicolaus upped their target price on shares of A. O. Smith from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A. O. Smith in a research note on Saturday, September 13th. UBS Group reaffirmed a “neutral” rating and issued a $76.00 target price (up previously from $74.00) on shares of A. O. Smith in a research note on Monday, July 28th. Finally, Wall Street Zen raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $77.43.

A. O. Smith Profile

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.