6,256 Shares in A. O. Smith Corporation $AOS Bought by Eisler Capital Management Ltd.

Key Points

• Eisler Capital Management Ltd. acquired 6,256 shares of A. O. Smith Corporation for approximately $409,000, as stated in their recent SEC filing.
• A. O. Smith recently reported a quarterly earnings per share of $1.07, surpassing analyst estimates and showing a slight revenue decline of 1.3% year-over-year.
• The company declared a quarterly dividend of $0.34, with an annualized dividend yield of 1.9% and a payout ratio of 37.88%.

Eisler Capital Management Ltd. purchased a new position in A. O. Smith Corporation (NYSE:AOS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,256 shares of the industrial products company's stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AOS. Principal Financial Group Inc. raised its holdings in shares of A. O. Smith by 9.7% in the 1st quarter. Principal Financial Group Inc. now owns 178,543 shares of the industrial products company's stock valued at $11,670,000 after acquiring an additional 15,769 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in A. O. Smith by 41.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,089 shares of the industrial products company's stock valued at $463,000 after purchasing an additional 2,084 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in A. O. Smith by 75.8% during the first quarter. Envestnet Asset Management Inc. now owns 402,039 shares of the industrial products company's stock valued at $26,277,000 after purchasing an additional 173,366 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in A. O. Smith by 18.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,085 shares of the industrial products company's stock worth $528,000 after buying an additional 1,251 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of A. O. Smith by 3.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,532 shares of the industrial products company's stock worth $363,000 after buying an additional 177 shares during the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AOS. JPMorgan Chase & Co. assumed coverage on shares of A. O. Smith in a report on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price objective for the company. UBS Group reiterated a "neutral" rating and issued a $76.00 target price (up previously from $74.00) on shares of A. O. Smith in a research report on Monday, July 28th. Oppenheimer raised their price target on shares of A. O. Smith from $82.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of A. O. Smith in a report on Saturday. Finally, Stifel Nicolaus raised their target price on shares of A. O. Smith from $78.00 to $81.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, A. O. Smith has an average rating of "Hold" and a consensus price target of $77.43.

Insider Activity

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of A. O. Smith stock in a transaction that occurred on 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 directly owned 100,647 shares in the company, valued at $7,172,105.22. The trade was a 18.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.76% of the stock is currently owned by insiders.

A. O. Smith Stock Down 1.0%

NYSE:AOS traded down $0.74 during trading hours on Tuesday, reaching $70.56. 770,426 shares of the company traded hands, compared to its average volume of 1,516,005. 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 business's 50-day moving average price is $70.15 and its two-hundred day moving average price is $67.29. A. O. Smith Corporation has a 1 year low of $58.83 and a 1 year high of $92.06. The stock has a market capitalization of $9.89 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.55 and a beta of 1.25.

A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings data 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. A. O. Smith had a return on equity of 28.42% and a net margin of 13.68%.The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $997.89 million. During the same period in the prior year, the firm posted $1.06 EPS. The firm's quarterly revenue was down 1.3% on a year-over-year basis. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. Analysts predict that A. O. Smith Corporation will post 3.76 earnings per share for the current year.

A. O. Smith Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.36 annualized dividend and a yield of 1.9%. A. O. Smith's dividend payout ratio is currently 37.88%.

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.