Fifth Third Bancorp Grows Stock Position in A. O. Smith Corporation $AOS

Fifth Third Bancorp boosted its position in A. O. Smith Corporation (NYSE:AOS) by 103.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,150 shares of the industrial products company’s stock after buying an additional 24,005 shares during the period. Fifth Third Bancorp’s holdings in A. O. Smith were worth $3,109,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of A. O. Smith by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,302 shares of the industrial products company’s stock valued at $61,393,000 after acquiring an additional 154,201 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in A. O. Smith by 78.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 963 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 422 shares during the period. Marshall Wace LLP purchased a new position in shares of A. O. Smith during the 2nd quarter worth approximately $5,212,000. California Public Employees Retirement System lifted its holdings in shares of 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 during the period. Finally, Bank of Nova Scotia lifted its holdings in shares of A. O. Smith by 165.3% in 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 buying an additional 20,485 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AOS has been the subject of a number of recent analyst reports. Weiss Ratings downgraded A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Zacks Research cut shares of A. O. Smith from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Oppenheimer set a $75.00 price objective on shares of A. O. Smith and gave the stock an “outperform” rating in a report on Wednesday, June 10th. DA Davidson set a $67.00 target price on shares of A. O. Smith and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Citigroup reduced their price target on shares of A. O. Smith from $74.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, A. O. Smith presently has an average rating of “Reduce” and a consensus price target of $69.33.

A. O. Smith Stock Up 0.1%

AOS opened at $58.92 on Monday. The firm has a market cap of $8.12 billion, a P/E ratio of 15.67, a PEG ratio of 1.31 and a beta of 1.16. The business’s fifty day simple moving average is $58.88 and its 200 day simple moving average is $65.92. A. O. Smith Corporation has a 52 week low of $54.16 and a 52 week 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.

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 the consensus estimate of $0.94 by ($0.09). The firm had revenue of $945.60 million during the quarter, compared to analyst estimates of $974.06 million. A. O. Smith had a net margin of 13.84% and a return on equity of 28.42%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts anticipate that A. O. Smith Corporation will post 3.74 EPS for the current fiscal year.

A. O. Smith Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, July 31st. A. O. Smith’s payout ratio is currently 38.30%.

A. O. Smith Company 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.