10,211 Shares in A. O. Smith Corporation $AOS Acquired by Bayforest Capital Ltd

Bayforest Capital Ltd acquired a new position in shares of A. O. Smith Corporation (NYSE:AOS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,211 shares of the industrial products company’s stock, valued at approximately $750,000.

Other institutional investors have also recently modified their holdings of the company. TD Private Client Wealth LLC increased its position in shares of A. O. Smith by 143.7% in the second quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 263 shares during the period. True Wealth Design LLC grew its stake in A. O. Smith by 44,400.0% during the second quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock worth $29,000 after buying an additional 444 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in A. O. Smith in the 2nd quarter valued at about $30,000. Evelyn Partners Investment Management LLP lifted its holdings in shares of A. O. Smith by 988.9% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 490 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 445 shares during the period. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of A. O. Smith by 50.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 596 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 201 shares during the period. 76.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Citigroup dropped their price objective on A. O. Smith from $77.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Robert W. Baird set a $76.00 price objective on A. O. Smith in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of A. O. Smith in a research note on Wednesday, December 24th. Finally, Jefferies Financial Group set a $75.00 target price on shares of A. O. Smith and gave the stock a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $76.50.

A. O. Smith Price Performance

Shares of AOS opened at $70.50 on Friday. The business has a 50-day simple moving average of $66.83 and a two-hundred day simple moving average of $69.28. A. O. Smith Corporation has a 12-month low of $58.83 and a 12-month high of $77.31. The stock has a market cap of $9.82 billion, a PE ratio of 19.00, a PEG ratio of 1.43 and a beta of 1.35. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.09.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate 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%.The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. Analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, October 31st. This is an increase from A. O. Smith’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 2.0%. A. O. Smith’s payout ratio is 38.81%.

About A. O. Smith

A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.

The company operates through two primary segments: North America and Asia.