A. O. Smith Corporation $AOS Position Lowered by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its position in A. O. Smith Corporation (NYSE:AOS) by 77.0% in the first quarter, Holdings Channel reports. The firm owned 5,582 shares of the industrial products company’s stock after selling 18,645 shares during the quarter. NewEdge Advisors LLC’s holdings in A. O. Smith were worth $368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AOS. Norges Bank acquired a new stake in A. O. Smith during the fourth quarter valued at approximately $97,101,000. Madison Asset Management LLC acquired a new position in shares of A. O. Smith in the 4th quarter worth approximately $80,885,000. Natixis Advisors LLC grew its position in shares of A. O. Smith by 220.4% in the 4th quarter. Natixis Advisors LLC now owns 1,022,299 shares of the industrial products company’s stock worth $68,371,000 after acquiring an additional 703,186 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of A. O. Smith by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 15,096,018 shares of the industrial products company’s stock valued at $1,009,622,000 after acquiring an additional 683,176 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of A. O. Smith by 93.2% in the 4th quarter. AQR Capital Management LLC now owns 1,279,356 shares of the industrial products company’s stock valued at $85,563,000 after acquiring an additional 617,179 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

A. O. Smith Price Performance

Shares of AOS opened at $60.72 on Tuesday. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.34 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.04 and a current ratio of 1.59. A. O. Smith Corporation has a one year low of $54.16 and a one year high of $81.86. The stock’s fifty day moving average is $59.63 and its 200-day moving average is $65.28.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $994.89 million. A. O. Smith had a net margin of 13.15% and a return on equity of 27.88%. The company’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. Equities analysts anticipate that A. O. Smith Corporation will post 3.75 EPS for the current year.

A. O. Smith Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, July 31st. A. O. Smith’s payout ratio is 40.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on AOS shares. Stifel Nicolaus reduced their price objective on A. O. Smith from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird set a $70.00 price target on shares of A. O. Smith in a report on Friday, May 1st. The Goldman Sachs Group lowered their price objective on shares of A. O. Smith from $69.00 to $61.00 and set a “sell” rating for the company in a research report on Monday, April 13th. Oppenheimer set a $75.00 price objective on shares of A. O. Smith and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $60.00 target price (down from $65.00) on shares of A. O. Smith in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, A. O. Smith has a consensus rating of “Reduce” and a consensus price target of $67.75.

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.