Wealthfront Advisers LLC Sells 844 Shares of A. O. Smith Corporation $AOS

Wealthfront Advisers LLC cut its stake in A. O. Smith Corporation (NYSE:AOS) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,051 shares of the industrial products company’s stock after selling 844 shares during the quarter. Wealthfront Advisers LLC’s holdings in A. O. Smith were worth $1,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new stake in A. O. Smith during the first quarter valued at approximately $26,000. TD Private Client Wealth LLC increased its position in A. O. Smith by 143.7% in the second quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 263 shares during the last quarter. National Pension Service increased its position in A. O. Smith by 74.8% during the first quarter. National Pension Service now owns 458 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 196 shares during the last quarter. TCTC Holdings LLC increased its position in A. O. Smith by 69.9% during the first quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 202 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of A. O. Smith by 161.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 539 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 333 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Stock Performance

Shares of A. O. Smith stock opened at $66.02 on Friday. The firm has a market capitalization of $9.25 billion, a P/E ratio of 17.79, a PEG ratio of 1.43 and a beta of 1.30. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average price of $71.10 and a 200 day moving average price of $68.90. A. O. Smith Corporation has a 52 week low of $58.83 and a 52 week high of $77.92.

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

A. O. Smith Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be issued a $0.36 dividend. This is a boost from A. O. Smith’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, October 31st. This represents a $1.44 annualized dividend and a yield of 2.2%. A. O. Smith’s dividend payout ratio is currently 38.81%.

Analyst Ratings Changes

AOS has been the topic of a number of research analyst reports. Oppenheimer upped their price target on shares of A. O. Smith from $82.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Citigroup lowered their price objective 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. UBS Group reaffirmed a “neutral” rating and issued a $76.00 price objective (up from $74.00) on shares of A. O. Smith in a research note on Monday, July 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of A. O. Smith in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $77.00.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.