BI Asset Management Fondsmaeglerselskab A S Sells 14,224 Shares of A. O. Smith Corporation $AOS

BI Asset Management Fondsmaeglerselskab A S cut its stake in A. O. Smith Corporation (NYSE:AOS) by 23.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 47,042 shares of the industrial products company’s stock after selling 14,224 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in A. O. Smith were worth $3,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of AOS. Creative Financial Designs Inc. ADV increased its position in A. O. Smith by 3,481.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 394 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 383 shares during the period. Rothschild Investment LLC increased its holdings in A. O. Smith by 3,125.0% in the 3rd quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock valued at $28,000 after buying an additional 375 shares during the period. Torren Management LLC bought a new position in A. O. Smith in the 4th quarter valued at about $31,000. Eagle Bay Advisors LLC acquired a new stake in shares of A. O. Smith in the 4th quarter valued at approximately $32,000. Finally, Larson Financial Group LLC boosted its stake in shares of A. O. Smith by 67.9% in the 3rd quarter. Larson Financial Group LLC now owns 487 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 197 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

A. O. Smith Trading Up 0.3%

Shares of A. O. Smith stock opened at $57.37 on Tuesday. A. O. Smith Corporation has a 12-month low of $54.16 and a 12-month high of $81.86. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.26 and a beta of 1.18. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $61.21 and its 200-day moving average price is $67.32.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company posted $0.95 earnings per share. The company’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 analysts expect that A. O. Smith Corporation will post 3.78 earnings per share for the current fiscal year.

A. O. Smith Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, April 30th. A. O. Smith’s dividend payout ratio is 38.30%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AOS. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $60.00 target price (down from $65.00) on shares of A. O. Smith in a research report on Friday, May 15th. Zacks Research lowered shares of A. O. Smith from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. The Goldman Sachs Group decreased their price target on shares of A. O. Smith from $69.00 to $61.00 and set a “sell” rating for the company in a research note on Monday, April 13th. Finally, Weiss Ratings lowered shares of A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, A. O. Smith presently has a consensus rating of “Reduce” and an average price target of $69.89.

About A. O. Smith

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.