Farther Finance Advisors LLC Purchases 583 Shares of A. O. Smith Corporation $AOS

Farther Finance Advisors LLC boosted its position in A. O. Smith Corporation (NYSE:AOS) by 118.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,075 shares of the industrial products company’s stock after acquiring an additional 583 shares during the period. Farther Finance Advisors LLC’s holdings in A. O. Smith were worth $71,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC boosted 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 worth $382,000 after acquiring an additional 176 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in A. O. Smith by 3.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,532 shares of the industrial products company’s stock worth $363,000 after acquiring 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% during the first quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 15,607 shares of the industrial products company’s stock worth $1,020,000 after acquiring an additional 184 shares during the period. Advisory Alpha LLC lifted its holdings in A. O. Smith by 5.4% during the first quarter. Advisory Alpha LLC now owns 3,642 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 188 shares during the period. Finally, National Pension Service increased its position 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 worth $30,000 after buying an additional 196 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Stifel Nicolaus raised their target price on A. O. Smith from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Wall Street Zen cut A. O. Smith from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Oppenheimer lifted their price objective on A. O. Smith from $82.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of A. O. Smith in a research note on Saturday, September 27th. Finally, Robert W. Baird lifted their price objective on A. O. Smith from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $77.43.

A. O. Smith Trading Down 0.2%

Shares of AOS stock opened at $73.38 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $72.14 and a two-hundred day moving average price of $68.27. A. O. Smith Corporation has a 12-month low of $58.83 and a 12-month high of $88.41. The firm has a market cap of $10.28 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 1.60 and a beta of 1.30.

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

Insider Activity at A. O. Smith

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of A. O. Smith stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $71.26, for a total value of $1,581,972.00. Following the transaction, the chairman owned 100,647 shares in the company, valued at approximately $7,172,105.22. The trade was a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

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.