New York Life Investment Management LLC Sells 11,709 Shares of A. O. Smith Corporation $AOS

New York Life Investment Management LLC lowered its position in shares of A. O. Smith Corporation (NYSE:AOS) by 43.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,337 shares of the industrial products company’s stock after selling 11,709 shares during the period. New York Life Investment Management LLC’s holdings in A. O. Smith were worth $1,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC grew its position in A. O. Smith by 3,125.0% during the 3rd quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 375 shares during the last quarter. Torren Management LLC bought a new stake in A. O. Smith during the 4th quarter worth $31,000. Eagle Bay Advisors LLC bought a new stake in A. O. Smith during the 4th quarter worth $32,000. Root Financial Partners LLC bought a new stake in A. O. Smith during the 3rd quarter worth approximately $33,000. Finally, Larson Financial Group LLC grew its holdings in A. O. Smith by 67.9% during the 3rd quarter. Larson Financial Group LLC now owns 487 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 197 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

AOS has been the topic of a number of research reports. DA Davidson set a $67.00 target price on shares of A. O. Smith and gave the stock a “neutral” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research lowered shares of A. O. Smith from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Stifel Nicolaus set a $75.00 target price on shares of A. O. Smith in a report on Friday, May 1st. Finally, Robert W. Baird set a $70.00 price target on A. O. Smith in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $69.89.

A. O. Smith Stock Down 1.3%

Shares of NYSE AOS opened at $55.95 on Wednesday. The company has a market capitalization of $7.71 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 1.25 and a beta of 1.23. A. O. Smith Corporation has a 52-week low of $55.08 and a 52-week high of $81.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.00 and a current ratio of 1.56. The company’s 50 day moving average price is $63.79 and its 200-day moving average price is $68.14.

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

A. O. Smith Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, April 30th. A. O. Smith’s payout ratio is currently 38.30%.

Insider Activity

In other news, SVP Darrell W. Schuh sold 1,104 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $74.39, for a total value of $82,126.56. Following the transaction, the senior vice president directly owned 2,201 shares of the company’s stock, valued at $163,732.39. The trade was a 33.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by corporate insiders.

A. O. Smith 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.