New York Life Investment Management LLC Has $1.03 Million Position in A. O. Smith Corporation $AOS

New York Life Investment Management LLC lessened its stake in shares of A. O. Smith Corporation (NYSE:AOS) by 43.3% during the fourth quarter, Holdings Channel reports. The fund owned 15,337 shares of the industrial products company’s stock after selling 11,709 shares during the quarter. New York Life Investment Management LLC’s holdings in A. O. Smith were worth $1,026,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Cornerstone Wealth Management LLC lifted its position in shares of A. O. Smith by 3.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 7,089 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 240 shares during the period. Allworth Financial LP raised its stake in A. O. Smith by 62.5% during the 4th quarter. Allworth Financial LP now owns 1,415 shares of the industrial products company’s stock worth $95,000 after buying an additional 544 shares during the period. Grey Ledge Advisors LLC raised its stake in A. O. Smith by 1.4% during the 4th quarter. Grey Ledge Advisors LLC now owns 8,966 shares of the industrial products company’s stock worth $600,000 after buying an additional 128 shares during the period. Madison Asset Management LLC acquired a new position in A. O. Smith during the 4th quarter worth approximately $80,885,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in A. O. Smith during the 4th quarter worth approximately $3,159,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Insider Transactions at A. O. Smith

In related news, SVP Darrell W. Schuh sold 1,104 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $74.39, for a total transaction of $82,126.56. Following the completion of the sale, the senior vice president owned 2,201 shares in the company, valued at approximately $163,732.39. This trade represents a 33.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

A. O. Smith Stock Performance

Shares of AOS opened at $55.95 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 1.25 and a beta of 1.23. The stock has a 50 day moving average of $63.79 and a 200 day moving average of $68.14. A. O. Smith Corporation has a 12 month low of $55.08 and a 12 month high of $81.86.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.09). The business had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $974.06 million. A. O. Smith had a net margin of 13.84% and a return on equity of 28.42%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts forecast that A. O. Smith Corporation will post 3.78 earnings per share for the current year.

A. O. Smith Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, April 30th. A. O. Smith’s dividend payout ratio (DPR) is 38.30%.

Analyst Ratings Changes

A number of research analysts recently weighed in on AOS shares. The Goldman Sachs Group dropped their price target on A. O. Smith from $69.00 to $61.00 and set a “sell” rating on the stock in a research note on Monday, April 13th. Stifel Nicolaus set a $75.00 price target on A. O. Smith in a research note on Friday, May 1st. Zacks Research downgraded shares of A. O. Smith from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Citigroup lowered their price objective on shares of A. O. Smith from $74.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, Wall Street Zen downgraded shares of A. O. Smith from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $69.89.

A. O. Smith Company Profile

A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.

The company operates through two primary segments: North America and Asia.