Assenagon Asset Management S.A. Has $30.69 Million Stock Holdings in A. O. Smith Corporation $AOS

Key Points

• Assenagon Asset Management increased its A. O. Smith stake by 5,521.8% in the second quarter, acquiring 480,561 additional shares. It held 489,264 shares worth approximately $30.7 million, while institutional investors collectively owned 76.1% of the company.
• A. O. Smith reported quarterly earnings of $1.03 per share, beating estimates of $0.96, on revenue of approximately $1 billion. However, revenue declined 0.7% year over year, and the company guided to fiscal 2026 earnings of $3.70–$3.85 per share.
• The company declared a quarterly dividend of $0.36 per share, representing a 2.3% yield. Analysts maintain a consensus “Reduce” rating, with an average price target of $67.75 versus the stock’s reported opening price of $63.98.

Assenagon Asset Management S.A. grew its stake in A. O. Smith Corporation (NYSE:AOS - Free Report) by 5,521.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 489,264 shares of the industrial products company's stock after acquiring an additional 480,561 shares during the period. Assenagon Asset Management S.A. owned 0.35% of A. O. Smith worth $30,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AOS. Goldman Sachs Group Inc. increased its position in shares of A. O. Smith by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 939,302 shares of the industrial products company's stock worth $61,393,000 after purchasing an additional 154,201 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of A. O. Smith by 78.0% in the second quarter. EverSource Wealth Advisors LLC now owns 963 shares of the industrial products company's stock valued at $63,000 after buying an additional 422 shares in the last quarter. Marshall Wace LLP bought a new position in shares of A. O. Smith in the second quarter valued at $5,212,000. California Public Employees Retirement System increased its holdings in A. O. Smith by 11.4% during the second quarter. California Public Employees Retirement System now owns 211,176 shares of the industrial products company's stock worth $13,847,000 after buying an additional 21,657 shares during the last quarter. Finally, Bank of Nova Scotia increased its holdings in A. O. Smith by 165.3% during the second quarter. Bank of Nova Scotia now owns 32,874 shares of the industrial products company's stock worth $2,156,000 after buying an additional 20,485 shares during the last quarter. Institutional investors own 76.10% of the company's stock.

A. O. Smith Trading Up 1.6%

AOS stock opened at $63.98 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 1.04. The company has a fifty day moving average price of $60.09 and a two-hundred day moving average price of $65.09. A. O. Smith Corporation has a one year low of $54.16 and a one year high of $81.86. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17.

A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.96 by $0.07. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $994.89 million. A. O. Smith had a net margin of 13.15% and a return on equity of 27.88%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. Equities analysts anticipate that A. O. Smith Corporation will post 3.74 EPS for the current year.

A. O. Smith Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, July 31st. This represents a $1.44 annualized dividend and a yield of 2.3%. A. O. Smith's dividend payout ratio (DPR) is 40.00%.

Analyst Upgrades and Downgrades

AOS has been the subject of a number of recent analyst reports. Robert W. Baird set a $70.00 price target on shares of A. O. Smith in a research note on Friday, May 1st. Zacks Research lowered shares of A. O. Smith from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 6th. DA Davidson set a $67.00 target price on shares of A. O. Smith and gave the company a "neutral" rating in a report on Monday, May 4th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $60.00 target price (down from $65.00) on shares of A. O. Smith in a research note on Friday, May 15th. Finally, Citigroup reduced their price target on A. O. Smith from $65.00 to $64.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $67.75.

A. O. Smith 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.

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