Jump Financial LLC Sells 42,605 Shares of A. O. Smith Corporation $AOS

Key Points

• Jump Financial LLC reduced its stake in A. O. Smith Corporation by 61.0%, now holding 27,228 shares valued at approximately $1.78 million as of the latest SEC filing.
• A. O. Smith reported earnings per share of $1.07 for the last quarter, exceeding analysts' expectations and setting guidance for FY 2025 at $3.700-3.900 EPS.
• The company declared a quarterly dividend of $0.34 per share, reflecting an annualized yield of 1.9%, with a current dividend payout ratio of 37.88%.

Jump Financial LLC lessened its stake in A. O. Smith Corporation (NYSE:AOS - Free Report) by 61.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,228 shares of the industrial products company's stock after selling 42,605 shares during the quarter. Jump Financial LLC's holdings in A. O. Smith were worth $1,780,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cadence Bank lifted its holdings in A. O. Smith by 12.0% during the first quarter. Cadence Bank now owns 12,284 shares of the industrial products company's stock worth $803,000 after acquiring an additional 1,321 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of A. O. Smith by 68.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,138 shares of the industrial products company's stock valued at $270,000 after purchasing an additional 1,675 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in A. O. Smith by 11.0% in the first quarter. 1832 Asset Management L.P. now owns 1,031,847 shares of the industrial products company's stock valued at $67,442,000 after buying an additional 102,050 shares in the last quarter. Norinchukin Bank The increased its holdings in A. O. Smith by 12.7% during the 1st quarter. Norinchukin Bank The now owns 5,410 shares of the industrial products company's stock worth $354,000 after purchasing an additional 609 shares in the last quarter. Finally, United Asset Strategies Inc. lifted its stake in A. O. Smith by 4.0% in the 1st quarter. United Asset Strategies Inc. now owns 9,569 shares of the industrial products company's stock valued at $625,000 after acquiring an additional 371 shares in the last quarter. Institutional investors own 76.10% of the company's stock.

A. O. Smith Stock Performance

A. O. Smith stock traded down $0.21 during trading hours on Monday, hitting $71.41. The company had a trading volume of 886,395 shares, compared to its average volume of 992,705. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $92.06. The firm has a market cap of $10.01 billion, a PE ratio of 19.89, a PEG ratio of 1.55 and a beta of 1.25. The firm has a 50-day moving average of $70.01 and a 200 day moving average of $67.25. 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 (NYSE:AOS - Get Free Report) last announced its earnings results on Thursday, July 24th. The industrial products company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. On average, sell-side analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Robert W. Baird boosted their price objective on shares of A. O. Smith from $76.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. began coverage on A. O. Smith in a research note on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price objective on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a research note on Saturday. Wall Street Zen raised shares of A. O. Smith from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Finally, Oppenheimer upped their price target on shares of A. O. Smith from $82.00 to $88.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $77.43.

Insider Buying and Selling

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of the business's 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 of the company's stock, valued at $7,172,105.22. The trade was a 18.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate 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.