A. O. Smith Corporation $AOS Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of A. O. Smith Corporation (NYSE:AOS) by 30.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,383,057 shares of the industrial products company’s stock after purchasing an additional 326,833 shares during the quarter. Bank of New York Mellon Corp’s holdings in A. O. Smith were worth $92,499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 683,176 shares during the period. Impax Asset Management Group plc grew its stake in shares of A. O. Smith by 3.4% during the 3rd quarter. Impax Asset Management Group plc now owns 4,850,158 shares of the industrial products company’s stock worth $356,050,000 after purchasing an additional 157,856 shares during the period. American Century Companies Inc. boosted its position in shares of A. O. Smith by 54.2% in the 3rd quarter. American Century Companies Inc. now owns 3,208,831 shares of the industrial products company’s stock worth $235,560,000 after buying an additional 1,128,543 shares in the last quarter. First Trust Advisors LP boosted its position in shares of A. O. Smith by 4.6% in the 3rd quarter. First Trust Advisors LP now owns 2,508,947 shares of the industrial products company’s stock worth $184,182,000 after buying an additional 109,654 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of A. O. Smith by 2.6% in the 4th quarter. ProShare Advisors LLC now owns 2,344,631 shares of the industrial products company’s stock worth $156,809,000 after buying an additional 60,260 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on AOS shares. Wall Street Zen lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Citigroup decreased their price objective on shares of A. O. Smith from $74.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Stifel Nicolaus set a $75.00 price objective on shares of A. O. Smith in a research report on Friday, May 1st. JPMorgan Chase & Co. reiterated 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, Zacks Research lowered shares of A. O. Smith from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, A. O. Smith presently has a consensus rating of “Reduce” and an average price target of $69.89.

A. O. Smith Price Performance

NYSE:AOS opened at $57.37 on Tuesday. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth 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 is $61.21 and its two-hundred day moving average is $67.32. A. O. Smith Corporation has a 12-month low of $54.16 and a 12-month high of $81.86.

A. O. Smith (NYSE:AOS) last released its 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). The firm had revenue of $945.60 million during the quarter, compared to analysts’ expectations of $974.06 million. A. O. Smith had a net margin of 13.84% and a return on equity of 28.42%. A. O. Smith’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.95 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. Research analysts expect that A. O. Smith Corporation will post 3.78 EPS for the current 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 issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, April 30th. A. O. Smith’s dividend payout ratio is 38.30%.

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.