A. O. Smith Corporation $AOS Position Lowered by Seizert Capital Partners LLC

Seizert Capital Partners LLC lowered its position in shares of A. O. Smith Corporation (NYSE:AOS) by 16.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,433 shares of the industrial products company’s stock after selling 18,467 shares during the quarter. Seizert Capital Partners LLC owned about 0.07% of A. O. Smith worth $6,786,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new position in A. O. Smith in the second quarter worth about $1,045,000. Sequoia Financial Advisors LLC acquired a new position in A. O. Smith in the second quarter worth approximately $386,000. Charles Schwab Investment Management Inc. increased its holdings in shares of A. O. Smith by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,265,091 shares of the industrial products company’s stock valued at $82,952,000 after buying an additional 13,906 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of A. O. Smith during the 2nd quarter worth $2,837,000. Finally, Bayforest Capital Ltd acquired a new position in shares of A. O. Smith in the 3rd quarter worth $750,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Trading Down 1.3%

Shares of A. O. Smith stock opened at $71.52 on Tuesday. A. O. Smith Corporation has a 12-month low of $58.83 and a 12-month high of $77.31. The stock has a market capitalization of $9.96 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.35. The company has a 50-day simple moving average of $67.53 and a 200 day simple moving average of $69.52. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.09.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.05. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. The company had revenue of $942.50 million during the quarter, compared to analyst estimates of $946.33 million. During the same quarter last year, the business posted $0.82 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. Research analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.0%. A. O. Smith’s dividend payout ratio (DPR) is currently 38.81%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AOS shares. Jefferies Financial Group set a $75.00 price objective on A. O. Smith and gave the stock a “hold” rating in a research note on Friday, January 9th. Citigroup decreased their target price on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of A. O. Smith in a report on Wednesday, December 24th. Wall Street Zen upgraded A. O. Smith from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Finally, Stifel Nicolaus set a $80.00 target price on shares of A. O. Smith and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $76.50.

About A. O. Smith

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.