SG Americas Securities LLC Decreases Stock Position in A. O. Smith Corporation $AOS

SG Americas Securities LLC lessened its position in shares of A. O. Smith Corporation (NYSE:AOS) by 38.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,272 shares of the industrial products company’s stock after selling 100,194 shares during the period. SG Americas Securities LLC’s holdings in A. O. Smith were worth $10,502,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in A. O. Smith by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,302 shares of the industrial products company’s stock worth $61,393,000 after purchasing an additional 154,201 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in A. O. Smith by 78.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 963 shares of the industrial products company’s stock worth $63,000 after buying an additional 422 shares during the period. Marshall Wace LLP bought a new position in A. O. Smith in the 2nd quarter worth approximately $5,212,000. California Public Employees Retirement System grew its stake in A. O. Smith by 11.4% in the 2nd quarter. California Public Employees Retirement System now owns 211,176 shares of the industrial products company’s stock valued at $13,847,000 after buying an additional 21,657 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in A. O. Smith by 165.3% during the 2nd quarter. Bank of Nova Scotia now owns 32,874 shares of the industrial products company’s stock valued at $2,156,000 after acquiring an additional 20,485 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price target on 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. Robert W. Baird set a $70.00 price objective on A. O. Smith in a report on Friday, May 1st. JPMorgan Chase & Co. restated an “underweight” rating and issued a $60.00 target price (down from $65.00) on shares of A. O. Smith in a research note on Friday, May 15th. Stifel Nicolaus set a $75.00 target price on A. O. Smith in a report on Friday, May 1st. Finally, Citigroup decreased their price target on A. O. Smith from $74.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $69.33.

A. O. Smith Trading Up 1.2%

Shares of AOS stock opened at $61.86 on Friday. The business has a 50-day moving average price of $59.50 and a two-hundred day moving average price of $66.66. A. O. Smith Corporation has a 12-month low of $54.16 and a 12-month high of $81.86. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. The firm has a market cap of $8.53 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.35 and a beta of 1.18.

A. O. Smith (NYSE:AOS) last posted its quarterly 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). The business had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $974.06 million. A. O. Smith had a return on equity of 28.42% and a net margin of 13.84%.The company’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. Equities analysts anticipate that A. O. Smith Corporation will post 3.77 EPS for the current fiscal year.

A. O. Smith Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, April 30th. A. O. Smith’s dividend payout ratio (DPR) is presently 38.30%.

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.