Hunter Perkins Capital Management LLC Has $5.28 Million Stock Position in A. O. Smith Corporation $AOS

Hunter Perkins Capital Management LLC reduced its holdings in A. O. Smith Corporation (NYSE:AOS - Free Report) by 25.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,551 shares of the industrial products company's stock after selling 27,312 shares during the period. A. O. Smith comprises about 1.2% of Hunter Perkins Capital Management LLC's holdings, making the stock its 28th largest holding. Hunter Perkins Capital Management LLC owned approximately 0.06% of A. O. Smith worth $5,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of A. O. Smith in the first quarter worth approximately $26,000. TD Private Client Wealth LLC increased its stake in A. O. Smith by 143.7% in the 2nd quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company's stock valued at $29,000 after buying an additional 263 shares during the period. National Pension Service lifted its position in A. O. Smith by 74.8% in the 1st quarter. National Pension Service now owns 458 shares of the industrial products company's stock worth $30,000 after buying an additional 196 shares in the last quarter. TCTC Holdings LLC lifted its position in A. O. Smith by 69.9% in the 1st quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company's stock worth $32,000 after buying an additional 202 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of A. O. Smith by 161.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 539 shares of the industrial products company's stock valued at $35,000 after buying an additional 333 shares during the period. Hedge funds and other institutional investors own 76.10% of the company's stock.

Insider Buying and Selling at A. O. Smith

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was 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 of the company's stock, valued at approximately $7,172,105.22. This represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.76% of the company's stock.

A. O. Smith Stock Performance

NYSE:AOS opened at $73.38 on Monday. The firm has a market capitalization of $10.28 billion, a PE ratio of 20.44, a PEG ratio of 1.60 and a beta of 1.30. A. O. Smith Corporation has a 1 year low of $58.83 and a 1 year high of $88.41. 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 firm's fifty day simple moving average is $72.14 and its 200 day simple moving average is $68.27.

A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.10. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $997.89 million. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. The business's quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. On average, sell-side analysts anticipate that A. O. Smith Corporation will post 3.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AOS shares. UBS Group reaffirmed a "neutral" rating and issued a $76.00 price target (up from $74.00) on shares of A. O. Smith in a research note on Monday, July 28th. Wall Street Zen downgraded A. O. Smith from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Oppenheimer raised their price target on A. O. Smith from $82.00 to $88.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. assumed coverage on A. O. Smith in a report on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price target for the company. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of A. O. Smith in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $77.43.

About A. O. Smith

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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