Trust Point Inc. Has $1.80 Million Holdings in A. O. Smith Corporation $AOS

Trust Point Inc. decreased its position in shares of A. O. Smith Corporation (NYSE:AOS) by 49.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,567 shares of the industrial products company’s stock after selling 24,467 shares during the quarter. Trust Point Inc.’s holdings in A. O. Smith were worth $1,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new position in A. O. Smith in the 1st quarter valued at approximately $26,000. True Wealth Design LLC grew its stake in shares of A. O. Smith by 44,400.0% in the second quarter. True Wealth Design LLC now owns 445 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 444 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in A. O. Smith by 143.7% in the second quarter. TD Private Client Wealth LLC now owns 446 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 263 shares during the period. Loomis Sayles & Co. L P acquired a new stake in A. O. Smith in the second quarter valued at $30,000. Finally, Evelyn Partners Investment Management LLP raised its position in A. O. Smith by 988.9% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 490 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 445 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

AOS has been the topic of a number of analyst reports. Wall Street Zen upgraded A. O. Smith from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Stifel Nicolaus set a $80.00 target price on A. O. Smith and gave the company a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of A. O. Smith in a report on Wednesday, October 8th. Robert W. Baird set a $76.00 price target on shares of A. O. Smith in a research report on Wednesday, October 29th. Finally, Citigroup decreased their price objective on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, A. O. Smith has a consensus rating of “Hold” and a consensus target price of $76.71.

A. O. Smith Stock Performance

Shares of A. O. Smith stock opened at $68.03 on Friday. The business has a 50-day simple moving average of $66.89 and a 200 day simple moving average of $68.86. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $77.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.54 and a quick ratio of 0.95. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.50 and a beta of 1.34.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. The firm had revenue of $942.50 million for the quarter, compared to analyst estimates of $946.33 million. During the same period last year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. On average, research analysts anticipate that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were issued a $0.36 dividend. This is a boost from A. O. Smith’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, October 31st. A. O. Smith’s dividend payout ratio is currently 38.81%.

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.