6,807 Shares in A. O. Smith Corporation $AOS Purchased by Quadcap Wealth Management LLC

Key Points

• Quadcap Wealth Management LLC acquired 6,807 shares of A. O. Smith Corporation valued at approximately $445,000 in the first quarter.
• A. O. Smith reported better-than-expected quarterly earnings of $1.07 per share, surpassing analysts' estimates of $0.97.
• The company's recent dividend payment was $0.34 per share, representing an annual yield of 1.9% and a payout ratio of 37.88%.

Quadcap Wealth Management LLC acquired a new position in A. O. Smith Corporation (NYSE:AOS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,807 shares of the industrial products company's stock, valued at approximately $445,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service raised its position in shares of A. O. Smith by 74.8% in the first 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 raised its position in shares of A. O. Smith by 69.9% in the first 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. Caitong International Asset Management Co. Ltd raised its position in shares of A. O. Smith by 161.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 539 shares of the industrial products company's stock worth $35,000 after buying an additional 333 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of A. O. Smith in the first quarter worth $64,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of A. O. Smith in the first quarter worth $72,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

A. O. Smith Trading Down 0.3%

Shares of NYSE:AOS traded down $0.21 on Friday, reaching $71.41. 886,395 shares of the company traded hands, compared to its average volume of 1,011,533. The business's 50-day simple moving average is $70.01 and its 200 day simple moving average is $67.24. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $92.06. The stock has a market capitalization of $10.01 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The company has a current ratio of 1.65, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15.

A. O. Smith (NYSE:AOS - Get Free Report) last announced its quarterly earnings data 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. A. O. Smith had a return on equity of 28.42% and a net margin of 13.68%.The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $997.89 million. During the same period last year, the firm earned $1.06 earnings per share. The company's revenue for the quarter 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. As a group, equities analysts anticipate that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on AOS shares. Wall Street Zen upgraded A. O. Smith from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Oppenheimer raised their price target on A. O. Smith from $82.00 to $88.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. started coverage on A. O. Smith in a research report on Tuesday, June 24th. They set a "neutral" rating and a $70.00 price target on the stock. Weiss Ratings restated a "hold (c)" rating on shares of A. O. Smith in a research report on Saturday. Finally, Stifel Nicolaus raised their price target on A. O. Smith from $78.00 to $81.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, A. O. Smith currently has an average rating of "Hold" and an average price target of $77.43.

Insider Activity

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of the firm's stock in a transaction dated 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 transaction, the chairman directly owned 100,647 shares of the company's stock, valued at approximately $7,172,105.22. This trade represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.76% of the company's stock.

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.