Voya Investment Management LLC Sells 4,998 Shares of A. O. Smith Corporation $AOS

Key Points

• Voya Investment Management LLC decreased its holdings in A. O. Smith Corporation by 10.9% during Q1, now owning 40,683 shares valued at approximately $2.66 million.
• A. O. Smith recently reported quarterly earnings of $1.07 per share, exceeding the consensus estimate of $0.97, while revenue totaled $1.01 billion.
• The company announced a quarterly dividend of $0.34 per share, yielding 1.9%, with a payout ratio of 37.88%.

Voya Investment Management LLC reduced its stake in A. O. Smith Corporation (NYSE:AOS - Free Report) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,683 shares of the industrial products company's stock after selling 4,998 shares during the period. Voya Investment Management LLC's holdings in A. O. Smith were worth $2,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Beverly Hills Private Wealth LLC lifted its stake in shares of A. O. Smith by 3.1% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,847 shares of the industrial products company's stock worth $382,000 after acquiring an additional 176 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of A. O. Smith by 3.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,532 shares of the industrial products company's stock worth $363,000 after acquiring an additional 177 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its stake in shares of A. O. Smith by 1.2% in the 1st quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 15,607 shares of the industrial products company's stock worth $1,020,000 after acquiring an additional 184 shares during the period. Advisory Alpha LLC lifted its stake in shares of A. O. Smith by 5.4% in the 1st quarter. Advisory Alpha LLC now owns 3,642 shares of the industrial products company's stock worth $238,000 after acquiring an additional 188 shares during the period. Finally, National Pension Service lifted its stake in A. O. Smith by 74.8% during the first 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 during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Stock Performance

Shares of NYSE AOS traded down $0.28 during trading hours on Tuesday, hitting $71.99. 143,324 shares of the stock were exchanged, compared to its average volume of 1,483,289. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.65 and a quick ratio of 1.03. The company's 50 day moving average is $71.73 and its 200 day moving average is $67.92. The firm has a market capitalization of $10.09 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.59 and a beta of 1.25. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $92.06.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.10. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $997.89 million. During the same period in the prior year, the firm earned $1.06 EPS. The business's revenue 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. On average, research analysts expect that A. O. Smith Corporation will post 3.76 EPS 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%.

Insiders Place Their Bets

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of the 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 completion of the sale, the chairman directly owned 100,647 shares of the company's stock, valued at $7,172,105.22. This represents a 18.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on AOS. Weiss Ratings reissued a "hold (c+)" rating on shares of A. O. Smith in a research note on Saturday, September 13th. Oppenheimer increased their target price on shares of A. O. Smith from $82.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Robert W. Baird upped 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. Stifel Nicolaus upped their price target on shares of A. O. Smith from $78.00 to $81.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, UBS Group restated a "neutral" rating and issued a $76.00 price target (up previously from $74.00) on shares of A. O. Smith in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, A. O. Smith 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.