GSB Wealth Management LLC Purchases New Holdings in A. O. Smith Corporation $AOS

Key Points

• GSB Wealth Management LLC acquired a new stake in A. O. Smith Corporation, purchasing 10,455 shares valued at approximately $686,000 in the second quarter.
• A. O. Smith has seen a variety of adjustments in analyst ratings, with firms like Oppenheimer raising their target price from $82.00 to $88.00 and giving it an "outperform" rating.
• The company's recent quarterly earnings report showed an EPS of $1.07, exceeding analysts' expectations, despite a 1.3% decline in revenue compared to the previous year.

GSB Wealth Management LLC purchased a new stake in A. O. Smith Corporation (NYSE:AOS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,455 shares of the industrial products company's stock, valued at approximately $686,000.

A number of other large investors also recently bought and sold shares of the company. Foster Group Inc. bought a new position in A. O. Smith during the 2nd quarter worth approximately $343,000. GAMMA Investing LLC lifted its holdings in A. O. Smith by 10.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,221 shares of the industrial products company's stock worth $211,000 after buying an additional 317 shares during the last quarter. Ridgewood Investments LLC lifted its holdings in A. O. Smith by 19.1% during the 2nd quarter. Ridgewood Investments LLC now owns 6,291 shares of the industrial products company's stock worth $413,000 after buying an additional 1,009 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in A. O. Smith by 118.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,075 shares of the industrial products company's stock worth $71,000 after buying an additional 583 shares during the last quarter. Finally, Global X Japan Co. Ltd. lifted its holdings in A. O. Smith by 7.9% during the 2nd quarter. Global X Japan Co. Ltd. now owns 9,262 shares of the industrial products company's stock worth $607,000 after buying an additional 682 shares during the last quarter. Institutional investors own 76.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on AOS. JPMorgan Chase & Co. began coverage on A. O. Smith in a report on Tuesday, June 24th. They set a "neutral" rating and a $70.00 target price on the stock. Oppenheimer increased their target price on A. O. Smith from $82.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. UBS Group reaffirmed a "neutral" rating and set a $76.00 target price (up previously from $74.00) on shares of A. O. Smith in a report on Monday, July 28th. Stifel Nicolaus increased their target price on A. O. Smith from $78.00 to $81.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, Wall Street Zen raised A. O. Smith from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $77.43.

A. O. Smith Stock Down 1.1%

AOS opened at $72.30 on Tuesday. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $92.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.65. The stock's fifty day moving average is $71.73 and its 200-day moving average is $67.92. The company has a market capitalization of $10.13 billion, a PE ratio of 20.14, a P/E/G ratio of 1.59 and a beta of 1.25.

A. O. Smith (NYSE:AOS - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The industrial products company reported $1.07 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $997.89 million. During the same quarter in the previous year, the business earned $1.06 EPS. The company's quarterly revenue 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. On average, equities analysts predict that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

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

Insider Activity

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the sale, the chairman directly owned 100,647 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.76% of the stock is owned by company insiders.

A. O. Smith Company 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.

Want to see what other hedge funds are holding AOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A. O. Smith Corporation (NYSE:AOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.