A. O. Smith Corporation $AOS Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS reduced its stake in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 34.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,700 shares of the industrial products company's stock after selling 13,100 shares during the quarter. KLP Kapitalforvaltning AS's holdings in A. O. Smith were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC lifted its stake in shares of A. O. Smith by 3.1% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,847 shares of the industrial products company's stock valued at $382,000 after buying an additional 176 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of A. O. Smith by 3.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,532 shares of the industrial products company's stock valued at $363,000 after buying an additional 177 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its stake in shares of A. O. Smith by 1.2% during the first quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 15,607 shares of the industrial products company's stock valued at $1,020,000 after buying an additional 184 shares during the period. Advisory Alpha LLC lifted its stake in shares of A. O. Smith by 5.4% during the first quarter. Advisory Alpha LLC now owns 3,642 shares of the industrial products company's stock valued at $238,000 after buying an additional 188 shares during the period. Finally, National Pension Service lifted its stake in shares of A. O. Smith by 74.8% during the first quarter. National Pension Service now owns 458 shares of the industrial products company's stock valued at $30,000 after buying an additional 196 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at A. O. Smith

In related news, Chairman Kevin J. Wheeler sold 22,200 shares of A. O. Smith stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following 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 filing with the SEC, which is accessible through the SEC website. 0.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AOS. Weiss Ratings reissued a "hold (c+)" rating on shares of A. O. Smith in a research note on Wednesday, October 8th. Oppenheimer upped their price objective on shares of A. O. Smith from $82.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. UBS Group reaffirmed a "neutral" rating and set a $76.00 price target (up previously from $74.00) on shares of A. O. Smith in a research note on Monday, July 28th. 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. Finally, JPMorgan Chase & Co. assumed coverage on shares of A. O. Smith in a research note on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price target on the stock. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, A. O. Smith presently has a consensus rating of "Hold" and a consensus price target of $77.43.

A. O. Smith Stock Performance

Shares of AOS stock opened at $67.68 on Monday. The company's fifty day simple moving average is $72.09 and its 200-day simple moving average is $68.40. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $83.20. The company has a current ratio of 1.65, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a market cap of $9.48 billion, a PE ratio of 18.85, a P/E/G ratio of 1.47 and a beta of 1.30.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its earnings results on Thursday, July 24th. The industrial products company reported $1.07 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $997.89 million. During the same quarter last year, the firm posted $1.06 EPS. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. As a group, equities research analysts anticipate that A. O. Smith Corporation will post 3.76 EPS for the current year.

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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