109,260 Shares in A. O. Smith Corporation $AOS Bought by Reinhart Partners LLC.

Key Points

• Reinhart Partners LLC has acquired a new stake in A. O. Smith Corporation, purchasing 109,260 shares valued at approximately $7.16 million during the 2nd quarter, increasing their ownership to 0.08% of the company.
• Numerous institutional investors have raised their positions in A. O. Smith, with Envestnet Asset Management increasing their holdings by 75.8% during the 1st quarter, reflecting strong institutional interest in the stock.
• A. O. Smith's recent earnings report showed an EPS of $1.07, surpassing expectations and indicating a solid performance despite a 1.3% decline in revenue compared to the previous year.

Reinhart Partners LLC. bought a new stake in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 109,260 shares of the industrial products company's stock, valued at approximately $7,164,000. Reinhart Partners LLC. owned about 0.08% of A. O. Smith at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sarasin & Partners LLP boosted its position in A. O. Smith by 4.8% during the 2nd quarter. Sarasin & Partners LLP now owns 1,189,073 shares of the industrial products company's stock worth $77,968,000 after acquiring an additional 54,121 shares during the period. Czech National Bank boosted its holdings in shares of A. O. Smith by 4.8% in the second quarter. Czech National Bank now owns 28,412 shares of the industrial products company's stock valued at $1,863,000 after acquiring an additional 1,289 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in A. O. Smith by 3.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 234,202 shares of the industrial products company's stock worth $15,357,000 after purchasing an additional 6,836 shares in the last quarter. Arlington Trust Co LLC increased its position in shares of A. O. Smith by 4.6% during the 2nd quarter. Arlington Trust Co LLC now owns 9,123 shares of the industrial products company's stock valued at $598,000 after purchasing an additional 401 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of A. O. Smith by 20.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,977 shares of the industrial products company's stock worth $457,000 after buying an additional 1,181 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

Insider Transactions at A. O. Smith

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of the business's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.76% of the stock is owned by corporate insiders.

A. O. Smith Stock Performance

Shares of A. O. Smith stock traded down $0.01 during trading on Friday, reaching $73.06. The company's stock had a trading volume of 2,025,689 shares, compared to its average volume of 1,007,065. The business's fifty day moving average price is $71.66 and its 200-day moving average price is $67.91. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $92.06. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth 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.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The industrial products company reported $1.07 EPS for the quarter, topping 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 company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $997.89 million. During the same period in the previous year, the business posted $1.06 EPS. The company's revenue for the quarter 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. As a group, equities research 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 declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. A. O. Smith's dividend payout ratio is 37.88%.

Analyst Upgrades and Downgrades

AOS has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of A. O. Smith from $76.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Stifel Nicolaus upped their price target on A. O. Smith from $78.00 to $81.00 and gave the company a "buy" rating in a report on Monday, July 21st. Weiss Ratings restated a "hold (c+)" rating on shares of A. O. Smith in a report on Saturday, September 13th. Wall Street Zen upgraded shares of A. O. Smith from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Finally, UBS Group reaffirmed a "neutral" rating and issued a $76.00 price objective (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 assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $77.43.

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.