A. O. Smith Corporation $AOS Shares Acquired by 111 Capital

Key Points

• 111 Capital significantly increased its stake in A. O. Smith Corporation by 214.7% during the second quarter, now holding a total of 15,736 shares worth approximately $1,032,000.
• The company recently reported a quarterly earnings per share (EPS) of $1.07, exceeding expectations and has a FY 2025 guidance set between $3.700 and $3.900 EPS.
• A. O. Smith declared a quarterly dividend of $0.34 per share, representing an annualized yield of 1.9% with a payout ratio of 37.88%.

111 Capital lifted its holdings in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 214.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,736 shares of the industrial products company's stock after acquiring an additional 10,735 shares during the quarter. 111 Capital's holdings in A. O. Smith were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in A. O. Smith during the 1st quarter worth $26,000. TD Private Client Wealth LLC increased its stake in A. O. Smith by 143.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company's stock worth $29,000 after buying an additional 263 shares during the period. National Pension Service increased its stake in A. O. Smith by 74.8% during the 1st 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 period. TCTC Holdings LLC increased its stake in A. O. Smith by 69.9% during the 1st quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company's stock worth $32,000 after buying an additional 202 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in A. O. Smith by 161.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 539 shares of the industrial products company's stock worth $35,000 after buying an additional 333 shares during the period. Institutional investors and hedge funds own 76.10% of the company's stock.

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 shares were sold at an average price of $71.26, for a total value of $1,581,972.00. Following the completion of the transaction, the chairman directly owned 100,647 shares of the company's stock, valued at approximately $7,172,105.22. The trade was a 18.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.76% of the company's stock.

A. O. Smith Price Performance

Shares of AOS stock opened at $73.38 on Friday. The firm has a market cap of $10.28 billion, a P/E ratio of 20.44, a P/E/G ratio of 1.60 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.65 and a quick ratio of 1.03. A. O. Smith Corporation has a 1-year low of $58.83 and a 1-year high of $88.41. The firm has a fifty day moving average of $72.14 and a two-hundred day moving average of $68.26.

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

A. O. Smith Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird lifted 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of A. O. Smith in a research note on Saturday, September 27th. Wall Street Zen downgraded shares of A. O. Smith from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. JPMorgan Chase & Co. began coverage on shares of A. O. Smith in a report on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price objective for the company. Finally, Stifel Nicolaus raised their price objective on shares of A. O. Smith from $78.00 to $81.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, A. O. Smith presently has a consensus rating of "Hold" and an average target price of $77.43.

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.

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