abrdn plc Has $1.05 Million Stock Position in A. O. Smith Co. (NYSE:AOS)

abrdn plc cut its holdings in A. O. Smith Co. (NYSE:AOS) by 57.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,683 shares of the industrial products company’s stock after selling 15,480 shares during the quarter. abrdn plc’s holdings in A. O. Smith were worth $1,053,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in shares of A. O. Smith in the 2nd quarter valued at $25,000. Isthmus Partners LLC bought a new position in shares of A. O. Smith during the second quarter valued at $27,000. Quarry LP lifted its holdings in A. O. Smith by 214.9% during the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after buying an additional 245 shares during the period. Waldron Private Wealth LLC acquired a new position in shares of A. O. Smith in the third quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC acquired a new position in shares of A. O. Smith in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AOS shares. StockNews.com downgraded shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Robert W. Baird cut their target price on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Stifel Nicolaus reduced their price objective on shares of A. O. Smith from $92.00 to $91.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, DA Davidson downgraded shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.71.

Insider Activity at A. O. Smith

In other news, SVP Samuel M. Carver sold 14,705 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the sale, the senior vice president now owns 2,399 shares in the company, valued at approximately $194,319. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.

A. O. Smith Trading Down 0.3 %

Shares of AOS opened at $75.14 on Tuesday. A. O. Smith Co. has a fifty-two week low of $70.30 and a fifty-two week high of $92.44. The business has a 50-day moving average of $81.93 and a 200 day moving average of $82.98. The firm has a market cap of $10.89 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 1.99 and a beta of 1.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The business had revenue of $957.80 million for the quarter, compared to analysts’ expectations of $960.36 million. During the same quarter in the prior year, the firm posted $0.90 EPS. As a group, research analysts forecast that A. O. Smith Co. will post 3.78 EPS for the current year.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.81%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, October 31st. A. O. Smith’s dividend payout ratio is 35.79%.

A. O. Smith Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.