Bank of New York Mellon Corp Has $94.01 Million Holdings in A. O. Smith Corporation $AOS

Bank of New York Mellon Corp increased its position in shares of A. O. Smith Corporation (NYSE:AOS) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,425,759 shares of the industrial products company’s stock after purchasing an additional 42,702 shares during the quarter. Bank of New York Mellon Corp’s holdings in A. O. Smith were worth $94,014,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC grew its holdings in A. O. Smith by 2.6% during the 4th quarter. ProShare Advisors LLC now owns 2,344,631 shares of the industrial products company’s stock worth $156,809,000 after acquiring an additional 60,260 shares during the last quarter. Oak Thistle LLC raised its stake in shares of A. O. Smith by 230.1% during the fourth quarter. Oak Thistle LLC now owns 36,077 shares of the industrial products company’s stock valued at $2,413,000 after acquiring an additional 25,147 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of A. O. Smith by 3,725.2% during the fourth quarter. SG Americas Securities LLC now owns 259,466 shares of the industrial products company’s stock worth $17,353,000 after purchasing an additional 252,683 shares during the period. ING Groep NV acquired a new position in shares of A. O. Smith during the fourth quarter worth $980,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of A. O. Smith by 3.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,179,709 shares of the industrial products company’s stock worth $78,899,000 after purchasing an additional 43,320 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

A. O. Smith Trading Up 0.1%

AOS opened at $58.91 on Tuesday. A. O. Smith Corporation has a twelve month low of $54.16 and a twelve 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 company has a fifty day moving average of $58.89 and a 200-day moving average of $65.86. The stock has a market cap of $8.12 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.31 and a beta of 1.16.

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 firm had revenue of $945.60 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. On average, sell-side analysts predict that A. O. Smith Corporation will post 3.74 EPS for the current year.

A. O. Smith Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, July 31st. This represents a $1.44 annualized dividend and a yield of 2.4%. A. O. Smith’s dividend payout ratio is 38.30%.

Analyst Upgrades and Downgrades

AOS has been the subject of a number of recent research reports. 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 report on Friday, May 15th. Stifel Nicolaus set a $76.00 price target on A. O. Smith and gave the company a “buy” rating in a research report on Monday. Oppenheimer set a $75.00 price target on A. O. Smith and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Weiss Ratings downgraded A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Finally, DA Davidson set a $67.00 price objective on A. O. Smith and gave the stock a “neutral” rating in a research note on Monday, May 4th. 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 stock. According to data from MarketBeat.com, A. O. Smith has an average rating of “Reduce” and a consensus price target of $69.44.

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.