A. O. Smith Corporation $AOS Shares Acquired by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management LLC increased its stake in A. O. Smith Corporation by 21.5% during the second quarter, currently holding 44,918 shares valued at $2.95 million.
• A. O. Smith recently announced a quarterly dividend increase to $0.36 per share, effective November 17th, reflecting a 2.1% dividend yield.
• The company reported $1.07 earnings per share for its last quarter, surpassing the consensus estimate, while setting FY 2025 EPS guidance between $3.700-3.900.

WealthPlan Investment Management LLC lifted its holdings in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 21.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,918 shares of the industrial products company's stock after buying an additional 7,942 shares during the period. WealthPlan Investment Management LLC's holdings in A. O. Smith were worth $2,945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Boston Trust Walden Corp boosted its position in shares of A. O. Smith by 4.5% during the second quarter. Boston Trust Walden Corp now owns 822,774 shares of the industrial products company's stock worth $53,949,000 after buying an additional 35,256 shares during the period. Astoria Portfolio Advisors LLC. acquired a new stake in A. O. Smith in the second quarter worth approximately $196,000. Sequoia Financial Advisors LLC acquired a new stake in A. O. Smith in the second quarter worth approximately $386,000. Vest Financial LLC lifted its position in shares of A. O. Smith by 9.4% during the 2nd quarter. Vest Financial LLC now owns 896,860 shares of the industrial products company's stock valued at $58,807,000 after acquiring an additional 76,710 shares during the last quarter. Finally, CWM LLC lifted its position in shares of A. O. Smith by 52.7% during the 2nd quarter. CWM LLC now owns 12,789 shares of the industrial products company's stock valued at $839,000 after acquiring an additional 4,414 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AOS has been the subject of a number of research analyst reports. Oppenheimer increased their target price on A. O. Smith from $82.00 to $88.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Stifel Nicolaus increased their target price on A. O. Smith from $78.00 to $81.00 and gave the company a "buy" rating in a report on Monday, July 21st. Weiss Ratings restated a "hold (c+)" rating on shares of A. O. Smith in a report on Wednesday, October 8th. Wall Street Zen lowered A. O. Smith from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Finally, UBS Group restated a "neutral" rating and issued a $76.00 target price (up previously from $74.00) on shares of A. O. Smith in a report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, A. O. Smith presently has a consensus rating of "Hold" and an average target price of $77.43.

A. O. Smith Trading Up 0.6%

Shares of NYSE:AOS opened at $69.24 on Thursday. The company has a market cap of $9.70 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.49 and a beta of 1.30. The stock's 50-day moving average is $71.98 and its 200-day moving average is $68.43. A. O. Smith Corporation has a 52-week low of $58.83 and a 52-week high of $81.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.65.

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

A. O. Smith Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be paid a $0.36 dividend. The ex-dividend date is Friday, October 31st. This is a boost from A. O. Smith's previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 2.1%. A. O. Smith's dividend payout ratio is 40.11%.

Insider Buying and Selling at A. O. Smith

In related news, Chairman Kevin J. Wheeler sold 22,200 shares of the 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 sale, the chairman owned 100,647 shares in the company, valued at approximately $7,172,105.22. This trade represents 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. Insiders own 0.76% of the company's stock.

A. O. Smith 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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