9,510 Shares in A. O. Smith Corporation $AOS Purchased by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC purchased a new stake in A. O. Smith Corporation (NYSE:AOS) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 9,510 shares of the industrial products company’s stock, valued at approximately $572,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV grew its stake in shares of A. O. Smith by 3,481.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 394 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 383 shares during the last quarter. Torren Management LLC acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $31,000. Los Angeles Capital Management LLC purchased a new stake in shares of A. O. Smith during the fourth quarter worth approximately $35,000. Larson Financial Group LLC raised its stake in shares of A. O. Smith by 67.9% during the third quarter. Larson Financial Group LLC now owns 487 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 197 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of A. O. Smith by 561.9% during the fourth quarter. Hantz Financial Services Inc. now owns 748 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 635 shares during the period. 76.10% of the stock is owned by hedge funds and other institutional investors.

A. O. Smith Stock Down 0.5%

AOS opened at $62.21 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 1.04. A. O. Smith Corporation has a 12 month low of $54.16 and a 12 month high of $81.86. The stock has a market capitalization of $8.46 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.39 and a beta of 1.17. The business has a 50 day simple moving average of $60.68 and a 200-day simple moving average of $64.76.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $994.89 million. A. O. Smith had a return on equity of 27.88% and a net margin of 13.15%.A. O. Smith’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. On average, equities analysts anticipate that A. O. Smith Corporation will post 3.74 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, July 31st. A. O. Smith’s payout ratio is presently 40.00%.

Analysts Set New Price Targets

AOS has been the topic of a number of analyst reports. Stifel Nicolaus lowered their price objective on shares of A. O. Smith from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. JPMorgan Chase & Co. restated an “underweight” rating and set a $60.00 price objective (down from $65.00) on shares of A. O. Smith in a research report on Friday, May 15th. Zacks Research upgraded shares of A. O. Smith from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Robert W. Baird set a $70.00 target price on shares of A. O. Smith in a report on Friday, May 1st. Finally, DA Davidson set a $67.00 price target on shares of A. O. Smith and gave the stock a “neutral” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $67.75.

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.