Hsbc Holdings PLC Purchases 10,391 Shares of A. O. Smith Corporation $AOS

Hsbc Holdings PLC increased its position in shares of A. O. Smith Corporation (NYSE:AOS) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,440 shares of the industrial products company’s stock after acquiring an additional 10,391 shares during the quarter. Hsbc Holdings PLC owned about 0.13% of A. O. Smith worth $11,684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in A. O. Smith during the 4th quarter valued at about $97,101,000. Madison Asset Management LLC bought a new stake in shares of A. O. Smith during the fourth quarter worth approximately $80,885,000. American Century Companies Inc. lifted its holdings in A. O. Smith by 54.2% in 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 period. Natixis Advisors LLC boosted its stake in A. O. Smith by 220.4% in the fourth quarter. Natixis Advisors LLC now owns 1,022,299 shares of the industrial products company’s stock valued at $68,371,000 after acquiring an additional 703,186 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in A. O. Smith by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 15,096,018 shares of the industrial products company’s stock worth $1,009,622,000 after acquiring an additional 683,176 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

A. O. Smith Stock Up 1.6%

Shares of AOS stock opened at $61.13 on Friday. 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 fifty day moving average of $59.53 and a 200-day moving average of $66.70. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 1.33 and a beta of 1.18.

A. O. Smith (NYSE:AOS) last announced its earnings results on Thursday, April 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.09). The company had revenue of $945.60 million during the quarter, compared to analyst estimates of $974.06 million. A. O. Smith had a return on equity of 28.42% and a net margin of 13.84%.A. O. Smith’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts predict that A. O. Smith Corporation will post 3.77 earnings per share for the current fiscal year.

A. O. Smith Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a $0.36 dividend. The ex-dividend date was Thursday, April 30th. This represents a $1.44 annualized dividend and a yield of 2.4%. A. O. Smith’s payout ratio is presently 38.30%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AOS shares. DA Davidson set a $67.00 price target on A. O. Smith and gave the company a “neutral” rating in a research note on Monday, May 4th. The Goldman Sachs Group cut their target price on A. O. Smith from $69.00 to $61.00 and set a “sell” rating on the stock in a research note on Monday, April 13th. Weiss Ratings downgraded shares of A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $60.00 price objective (down from $65.00) on shares of A. O. Smith in a research report on Friday, May 15th. Finally, Robert W. Baird set a $70.00 price objective on A. O. Smith in a research note on Friday, May 1st. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $69.33.

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.