Bank of America Corp DE Reduces Stock Position in A. O. Smith Corporation $AOS

Key Points

• Bank of America reduced its A. O. Smith stake by 2.8% in the first quarter, selling 49,331 shares and retaining 1.69 million shares valued at approximately $111.3 million. Institutional investors collectively own 76.1% of the company.
• A. O. Smith reported quarterly EPS of $1.03, exceeding estimates of $0.96, while revenue of $1 billion was slightly above expectations but declined 0.7% year over year. The company guided to fiscal 2026 EPS of $3.70–$3.85.
• The company declared a quarterly dividend of $0.36 per share, equal to a 2.3% annualized yield. Analysts’ consensus rating is “Reduce”, with an average price target of $67.75 versus the stock’s reported $63.98 price.

Bank of America Corp DE cut its stake in A. O. Smith Corporation (NYSE:AOS - Free Report) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,687,887 shares of the industrial products company's stock after selling 49,331 shares during the period. Bank of America Corp DE owned about 1.22% of A. O. Smith worth $111,299,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Prospera Financial Services Inc raised its holdings in shares of A. O. Smith by 4.0% during the fourth quarter. Prospera Financial Services Inc now owns 3,261 shares of the industrial products company's stock worth $218,000 after acquiring an additional 126 shares during the period. Grey Ledge Advisors LLC lifted its stake in A. O. Smith by 1.4% in the 4th quarter. Grey Ledge Advisors LLC now owns 8,966 shares of the industrial products company's stock valued at $600,000 after acquiring an additional 128 shares in the last quarter. Eukles Asset Management boosted its position in A. O. Smith by 0.5% during the 4th quarter. Eukles Asset Management now owns 29,240 shares of the industrial products company's stock worth $1,956,000 after acquiring an additional 151 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of A. O. Smith by 31.8% in the fourth quarter. Larson Financial Group LLC now owns 642 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 155 shares during the last quarter. Finally, Founders Financial Alliance LLC raised its holdings in shares of A. O. Smith by 2.8% in the fourth quarter. Founders Financial Alliance LLC now owns 5,607 shares of the industrial products company's stock valued at $375,000 after purchasing an additional 155 shares during the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

A. O. Smith Stock Performance

A. O. Smith stock opened at $63.98 on Friday. A. O. Smith Corporation has a 12-month low of $54.16 and a 12-month high of $81.86. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.32. The business's 50-day moving average price is $60.09 and its two-hundred day moving average price is $65.09. The stock has a market cap of $8.70 billion, a PE ratio of 17.77, a P/E/G ratio of 1.40 and a beta of 1.17.

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

A. O. Smith Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have weighed in on AOS. Citigroup decreased their price target on A. O. Smith from $65.00 to $64.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Oppenheimer set a $75.00 target price on shares of A. O. Smith and gave the company an "outperform" rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $60.00 price target (down from $65.00) on shares of A. O. Smith in a research note on Friday, May 15th. DA Davidson set a $67.00 price objective on shares of A. O. Smith and gave the stock a "neutral" rating in a research report on Monday, May 4th. Finally, Weiss Ratings lowered A. O. Smith from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $67.75.

About A. O. Smith

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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