CIBC Asset Management Inc Purchases 363,858 Shares of A. O. Smith Corporation $AOS

CIBC Asset Management Inc lifted its position in A. O. Smith Corporation (NYSE:AOS) by 273.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 496,686 shares of the industrial products company’s stock after buying an additional 363,858 shares during the quarter. CIBC Asset Management Inc’s holdings in A. O. Smith were worth $33,157,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC grew its stake in shares of A. O. Smith by 3,125.0% in the third quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock valued at $28,000 after buying an additional 375 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of A. O. Smith by 3,481.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 394 shares of the industrial products company’s stock valued at $26,000 after buying an additional 383 shares in the last quarter. Torren Management LLC bought a new position in shares of A. O. Smith in the fourth quarter valued at $31,000. Eagle Bay Advisors LLC bought a new position in shares of A. O. Smith in the fourth quarter valued at $32,000. Finally, Larson Financial Group LLC grew its stake in shares of A. O. Smith by 67.9% in the third quarter. Larson Financial Group LLC now owns 487 shares of the industrial products company’s stock valued at $36,000 after buying an additional 197 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

A. O. Smith Trading Down 0.0%

Shares of A. O. Smith stock opened at $56.76 on Thursday. The business has a fifty day simple moving average of $61.74 and a two-hundred day simple moving average of $67.46. A. O. Smith Corporation has a 1 year low of $54.16 and a 1 year high of $81.86. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.25 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.00.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.09). A. O. Smith had a net margin of 13.84% and a return on equity of 28.42%. The business had revenue of $945.60 million for the quarter, compared to analyst estimates of $974.06 million. During the same period in the prior year, the business earned $0.95 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. Research analysts forecast that A. O. Smith Corporation will post 3.78 EPS for the current year.

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.5%. A. O. Smith’s dividend payout ratio (DPR) is currently 38.30%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $60.00 target price (down from $65.00) on shares of A. O. Smith in a research note on Friday, May 15th. Robert W. Baird set a $70.00 target price on shares of A. O. Smith in a research note on Friday, May 1st. Stifel Nicolaus set a $75.00 target price on shares of A. O. Smith in a research note on Friday, May 1st. Wall Street Zen cut shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $80.00 price target on shares of A. O. Smith in a report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $69.89.

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.