A. O. Smith Corporation $AOS Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC reduced its stake in A. O. Smith Corporation by 70.8%, owning 35,613 shares worth approximately $2.33 million after selling 86,310 shares in the first quarter.
• Several institutional investors have increased their holdings in A. O. Smith, with American Century Companies Inc. raising its position by 998.6%, now owning over 1.3 million shares valued at $88.1 million.
• A. O. Smith's recent earnings report exceeded estimates, with a reported EPS of $1.07 and revenues of $1.01 billion, alongside a declared quarterly dividend of $0.34 per share.

Intech Investment Management LLC decreased its holdings in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 70.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,613 shares of the industrial products company's stock after selling 86,310 shares during the quarter. Intech Investment Management LLC's holdings in A. O. Smith were worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AOS. Vermillion & White Wealth Management Group LLC bought a new position in shares of A. O. Smith in the first quarter valued at approximately $26,000. National Pension Service raised its holdings in shares of A. O. Smith by 74.8% during the 1st quarter. National Pension Service now owns 458 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 196 shares in the last quarter. TCTC Holdings LLC raised its holdings 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 acquiring an additional 202 shares during the period. Caitong International Asset Management Co. Ltd grew its position in A. O. Smith by 161.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 539 shares of the industrial products company's stock worth $35,000 after purchasing an additional 333 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in A. O. Smith during the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 76.10% of the company's stock.

A. O. Smith Trading Down 0.0%

AOS traded down $0.01 during trading on Friday, reaching $73.06. 2,025,689 shares of the company's stock were exchanged, compared to its average volume of 1,007,065. A. O. Smith Corporation has a fifty-two week low of $58.83 and a fifty-two week high of $92.06. The firm has a market capitalization of $10.24 billion, a PE ratio of 20.35, a P/E/G ratio of 1.59 and a beta of 1.25. 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 company's fifty day moving average price is $71.66 and its 200-day moving average price is $67.90.

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

Wall Street Analyst Weigh In

Several brokerages have commented on AOS. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of A. O. Smith in a research note on Saturday, September 13th. Oppenheimer lifted their price objective 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. Robert W. Baird increased their price target on shares of A. O. Smith from $76.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on A. O. Smith in a research note on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price target for the company. Finally, 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 note on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $77.43.

Insider Transactions at A. O. Smith

In related news, Chairman Kevin J. Wheeler sold 22,200 shares of the business's stock in a transaction 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 sale, the chairman owned 100,647 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. 0.76% of the stock is currently owned by company insiders.

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.