A. O. Smith Corporation $AOS Shares Sold by Amundi

Amundi trimmed its stake in A. O. Smith Corporation (NYSE:AOS) by 17.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,537,622 shares of the industrial products company’s stock after selling 335,036 shares during the period. Amundi owned about 1.10% of A. O. Smith worth $101,363,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in AOS. Marshall Wace LLP acquired a new position in A. O. Smith during the second quarter worth $5,212,000. Baird Financial Group Inc. raised its holdings in shares of A. O. Smith by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 173,470 shares of the industrial products company’s stock valued at $11,374,000 after buying an additional 2,315 shares during the period. EverSource Wealth Advisors LLC lifted its stake in A. O. Smith by 78.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 963 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 422 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in A. O. Smith by 20.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,244,279 shares of the industrial products company’s stock valued at $81,587,000 after acquiring an additional 212,432 shares during the period. Finally, Blueshift Asset Management LLC acquired a new position in A. O. Smith in the 2nd quarter valued at about $439,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on AOS shares. Citigroup reduced their price target on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A. O. Smith in a report on Wednesday, October 8th. Robert W. Baird set a $76.00 price target on shares of A. O. Smith in a research note on Wednesday, October 29th. Wall Street Zen upgraded A. O. Smith from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Stifel Nicolaus set a $80.00 target price on A. O. Smith and gave the company a “buy” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $76.71.

A. O. Smith Stock Performance

Shares of AOS stock opened at $68.03 on Monday. The company has a market cap of $9.47 billion, a P/E ratio of 18.34, a PEG ratio of 1.50 and a beta of 1.34. The firm has a fifty day moving average price of $67.67 and a 200 day moving average price of $68.71. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.09. A. O. Smith Corporation has a 12 month low of $58.83 and a 12 month high of $77.31.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. The company had revenue of $942.50 million for the quarter, compared to analysts’ expectations of $946.33 million. A. O. Smith had a return on equity of 29.34% and a net margin of 13.85%.A. O. Smith’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. Sell-side analysts predict that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were paid a dividend of $0.36 per share. The ex-dividend date was Friday, October 31st. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a yield of 2.1%. A. O. Smith’s dividend payout ratio (DPR) is presently 38.81%.

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.