Oppenheimer & Co. Inc. Sells 56,982 Shares of A. O. Smith Corporation $AOS

by · The Cerbat Gem

Oppenheimer & Co. Inc. cut its position in shares of A. O. Smith Corporation (NYSE:AOSFree Report) by 61.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,465 shares of the industrial products company’s stock after selling 56,982 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in A. O. Smith were worth $2,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in A. O. Smith by 54.2% during the third quarter. American Century Companies Inc. now owns 3,208,831 shares of the industrial products company’s stock valued at $235,560,000 after buying an additional 1,128,543 shares during the last quarter. Vanguard Group Inc. raised its stake in A. O. Smith by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 15,096,018 shares of the industrial products company’s stock valued at $1,009,622,000 after buying an additional 683,176 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in A. O. Smith by 655.5% during the second quarter. Qube Research & Technologies Ltd now owns 710,716 shares of the industrial products company’s stock valued at $46,602,000 after buying an additional 616,638 shares during the last quarter. UBS Group AG raised its stake in A. O. Smith by 48.4% during the fourth quarter. UBS Group AG now owns 1,649,985 shares of the industrial products company’s stock valued at $110,351,000 after buying an additional 537,920 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its stake in A. O. Smith by 530.1% during the third quarter. Caisse de depot et placement du Quebec now owns 633,407 shares of the industrial products company’s stock valued at $46,498,000 after buying an additional 532,875 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Stifel Nicolaus set a $75.00 price objective on A. O. Smith in a research note on Friday. Citigroup lowered their price objective on A. O. Smith from $74.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday. Oppenheimer reiterated an “outperform” rating and set a $80.00 price objective on shares of A. O. Smith in a research note on Friday. Wall Street Zen cut A. O. Smith from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Robert W. Baird set a $70.00 price objective on A. O. Smith in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.44.

Get Our Latest Stock Analysis on AOS

A. O. Smith Stock Down 2.4%

AOS stock opened at $58.91 on Tuesday. A. O. Smith Corporation has a 1-year low of $58.47 and a 1-year high of $81.86. The business has a fifty day moving average price of $67.68 and a 200-day moving average price of $68.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.00. The stock has a market capitalization of $8.15 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.31 and a beta of 1.23.

A. O. Smith (NYSE:AOSGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.85 earnings per share 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 business had revenue of $945.60 million during the quarter, compared to analysts’ expectations of $974.06 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The firm’s revenue for the quarter 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. Equities analysts forecast that A. O. Smith Corporation will post 3.85 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, April 30th. A. O. Smith’s dividend payout ratio is 37.31%.

Insider Buying and Selling

In related news, SVP Darrell W. Schuh sold 1,104 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $74.39, for a total transaction of $82,126.56. Following the completion of the sale, the senior vice president owned 2,201 shares in the company, valued at approximately $163,732.39. This represents a 33.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

A. O. Smith Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding AOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A. O. Smith Corporation (NYSE:AOSFree Report).