A. O. Smith Corporation $AOS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in A. O. Smith Corporation (NYSE:AOS) by 90.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,783 shares of the industrial products company’s stock after selling 64,925 shares during the period. SG Americas Securities LLC’s holdings in A. O. Smith were worth $498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in shares of A. O. Smith by 3.3% in the second quarter. ProShare Advisors LLC now owns 2,500,230 shares of the industrial products company’s stock valued at $163,940,000 after purchasing an additional 79,696 shares during the period. American Century Companies Inc. grew its holdings in A. O. Smith by 54.3% in the 2nd quarter. American Century Companies Inc. now owns 2,080,288 shares of the industrial products company’s stock worth $136,405,000 after buying an additional 732,041 shares in the last quarter. Norges Bank acquired a new stake in A. O. Smith in the 2nd quarter valued at approximately $91,939,000. Sarasin & Partners LLP raised its stake in A. O. Smith by 17.8% during the 3rd quarter. Sarasin & Partners LLP now owns 1,400,613 shares of the industrial products company’s stock valued at $101,895,000 after acquiring an additional 211,540 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in A. O. Smith by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,265,091 shares of the industrial products company’s stock valued at $82,952,000 after acquiring an additional 13,906 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Stock Performance

AOS opened at $72.45 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.09. The firm has a market cap of $10.09 billion, a PE ratio of 19.53, a P/E/G ratio of 1.47 and a beta of 1.35. The business has a fifty day simple moving average of $68.04 and a 200-day simple moving average of $69.62. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $77.31.

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

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, January 30th. A. O. Smith’s dividend payout ratio (DPR) is 38.81%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AOS shares. Jefferies Financial Group set a $75.00 price target on A. O. Smith and gave the stock a “hold” rating in a research note on Friday, January 9th. Stifel Nicolaus set a $80.00 price objective on shares of A. O. Smith and gave the stock a “buy” rating in a report on Wednesday, October 29th. 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. Robert W. Baird set a $76.00 price target on shares of A. O. Smith in a research report on Wednesday, October 29th. Finally, DA Davidson reiterated a “neutral” rating and issued a $75.00 price objective on shares of A. O. Smith in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, A. O. Smith has a consensus rating of “Hold” and a consensus price target of $76.50.

A. O. Smith Company Profile

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.