Vest Financial LLC Has $58.81 Million Holdings in A. O. Smith Corporation $AOS

Key Points

• Vest Financial LLC increased its holdings in A. O. Smith Corporation by 9.4% in the second quarter, owning 896,860 shares valued at approximately $58.81 million.
• The company reported a quarterly earnings per share of $1.07, surpassing analysts' estimates of $0.97, despite a year-over-year revenue decline of 1.3%.
• Institutional investors and hedge funds own 76.10% of A. O. Smith's stock, indicating strong institutional interest in the company.

Vest Financial LLC grew its position in A. O. Smith Corporation (NYSE:AOS - Free Report) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 896,860 shares of the industrial products company's stock after purchasing an additional 76,710 shares during the period. Vest Financial LLC owned about 0.63% of A. O. Smith worth $58,807,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AOS. Vermillion & White Wealth Management Group LLC acquired a new position in A. O. Smith in the 1st quarter worth about $26,000. TD Private Client Wealth LLC increased its position 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 worth $29,000 after purchasing an additional 263 shares during the last quarter. National Pension Service increased 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 purchasing an additional 196 shares during the last quarter. TCTC Holdings LLC increased 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 purchasing an additional 202 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in A. O. Smith by 161.7% during 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 during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Price Performance

NYSE AOS opened at $67.68 on Monday. A. O. Smith Corporation has a twelve month low of $58.83 and a twelve month high of $83.20. 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 has a market capitalization of $9.48 billion, a PE ratio of 18.85, a P/E/G ratio of 1.47 and a beta of 1.30. The stock has a 50-day simple moving average of $72.09 and a 200 day simple moving average of $68.40.

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 earnings per share 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 business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $997.89 million. During the same quarter in the previous year, the firm earned $1.06 EPS. The firm's 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. Research analysts anticipate that A. O. Smith Corporation will post 3.76 EPS for the current year.

Insiders Place Their Bets

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of the firm's 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 owned 100,647 shares in the company, valued at approximately $7,172,105.22. This trade represents a 18.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on AOS shares. Robert W. Baird increased their target price on shares of A. O. Smith from $76.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Oppenheimer upped 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. started 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. Wall Street Zen downgraded A. O. Smith from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of A. O. Smith in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, A. O. Smith has a consensus 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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