Parvin Asset Management LLC Purchases 10,755 Shares of A. O. Smith Corporation $AOS

Parvin Asset Management LLC increased its position in A. O. Smith Corporation (NYSE:AOS) by 288.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,490 shares of the industrial products company’s stock after acquiring an additional 10,755 shares during the quarter. Parvin Asset Management LLC’s holdings in A. O. Smith were worth $969,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of A. O. Smith by 26.4% in the third quarter. JPMorgan Chase & Co. now owns 665,793 shares of the industrial products company’s stock valued at $48,876,000 after acquiring an additional 139,117 shares during the period. Earnest Partners LLC boosted its position in shares of A. O. Smith by 1.8% in the third quarter. Earnest Partners LLC now owns 2,082,982 shares of the industrial products company’s stock valued at $152,912,000 after acquiring an additional 36,122 shares during the period. First Trust Advisors LP boosted its position in shares of A. O. Smith by 4.6% in the third quarter. First Trust Advisors LP now owns 2,508,947 shares of the industrial products company’s stock valued at $184,182,000 after acquiring an additional 109,654 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of A. O. Smith by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,871,694 shares of the industrial products company’s stock valued at $137,393,000 after acquiring an additional 38,694 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in shares of A. O. Smith by 128.5% in the third quarter. Handelsbanken Fonder AB now owns 53,700 shares of the industrial products company’s stock valued at $3,942,000 after acquiring an additional 30,200 shares during the period. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Stock Up 0.3%

Shares of NYSE AOS opened at $60.22 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. A. O. Smith Corporation has a 52 week low of $54.16 and a 52 week high of $81.86. The firm’s fifty day moving average is $60.55 and its 200 day moving average is $67.08. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.33 and a beta of 1.18.

A. O. Smith (NYSE:AOS) last issued its earnings results on Thursday, April 30th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.09). A. O. Smith had a return on equity of 28.42% and a net margin of 13.84%.The firm had revenue of $945.60 million during the quarter, compared to analysts’ expectations of $974.06 million. During the same period in the previous year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts expect that A. O. Smith Corporation will post 3.77 earnings per share for the current year.

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, April 30th. A. O. Smith’s payout ratio is presently 38.30%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AOS. The Goldman Sachs Group cut 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. Stifel Nicolaus set a $75.00 target price on shares of A. O. Smith in a research report on Friday, May 1st. Weiss Ratings lowered shares of A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Zacks Research lowered shares of A. O. Smith from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Oppenheimer set a $75.00 target price on shares of A. O. Smith and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, A. O. Smith presently has an average rating of “Reduce” and a consensus target price of $69.33.

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.