GAMMA Investing LLC Increases Stock Holdings in A. O. Smith Corporation $AOS

GAMMA Investing LLC boosted its stake in shares of A. O. Smith Corporation (NYSE:AOS) by 10.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,221 shares of the industrial products company’s stock after buying an additional 317 shares during the period. GAMMA Investing LLC’s holdings in A. O. Smith were worth $211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of A. O. Smith in the first quarter valued at $26,000. National Pension Service raised its position in A. O. Smith by 74.8% in the 1st quarter. National Pension Service now owns 458 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 196 shares during the period. TCTC Holdings LLC lifted its stake in A. O. Smith by 69.9% in the first quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of A. O. Smith by 161.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 539 shares of the industrial products company’s stock valued at $35,000 after buying an additional 333 shares during the period. Finally, Ransom Advisory Ltd bought a new position in shares of A. O. Smith during the first quarter valued at approximately $48,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at A. O. Smith

In related news, Chairman Kevin J. Wheeler sold 22,200 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the sale, the chairman 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 Securities & Exchange Commission, which is available through this link. 0.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AOS shares. Oppenheimer raised their price target on A. O. Smith from $82.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. UBS Group reiterated 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. JPMorgan Chase & Co. began coverage on shares of A. O. Smith in a research note on Tuesday, June 24th. They set a “neutral” rating and a $70.00 target price for the company. Robert W. Baird raised their price target on shares of A. O. Smith from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Finally, Wall Street Zen cut shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, A. O. Smith has a consensus rating of “Hold” and a consensus price target of $77.43.

A. O. Smith Trading Up 1.5%

NYSE AOS opened at $72.48 on Monday. The company’s 50-day simple moving average is $71.97 and its two-hundred day simple moving average is $68.07. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $92.06. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.25. 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 released its quarterly earnings data on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $997.89 million. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm earned $1.06 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. Equities analysts forecast that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Announces Dividend

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

A. O. Smith Company 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.