Connor Clark & Lunn Investment Management Ltd. Invests $6.94 Million in A. O. Smith Corporation $AOS

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in A. O. Smith Corporation (NYSE:AOS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 105,870 shares of the industrial products company's stock, valued at approximately $6,942,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of A. O. Smith as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Brown Advisory Inc. acquired a new position in A. O. Smith in the first quarter valued at about $253,000. Xponance Inc. lifted its stake in A. O. Smith by 1.6% in the first quarter. Xponance Inc. now owns 16,124 shares of the industrial products company's stock worth $1,054,000 after acquiring an additional 251 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of A. O. Smith during the 1st quarter worth $391,000. CWM LLC boosted its position in shares of A. O. Smith by 8.1% during the 1st quarter. CWM LLC now owns 8,375 shares of the industrial products company's stock worth $547,000 after acquiring an additional 629 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in A. O. Smith by 72.2% in the first quarter. Signaturefd LLC now owns 2,237 shares of the industrial products company's stock valued at $146,000 after purchasing an additional 938 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AOS shares. UBS Group reissued a "neutral" rating and issued a $76.00 price objective (up from $74.00) on shares of A. O. Smith in a report on Monday, July 28th. Citigroup lowered their price objective on A. O. Smith from $77.00 to $72.00 and set a "neutral" rating on the stock in a report on Wednesday, October 29th. Oppenheimer upped their price target on shares of A. O. Smith from $82.00 to $88.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Robert W. Baird set a $76.00 price objective on A. O. Smith in a research note on Wednesday, October 29th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of A. O. Smith in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $77.00.

Check Out Our Latest Research Report on A. O. Smith

A. O. Smith Stock Performance

A. O. Smith stock opened at $66.33 on Thursday. The firm has a market capitalization of $9.24 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.43 and a beta of 1.30. The stock's 50 day moving average price is $70.18 and its 200 day moving average price is $69.06. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.54. A. O. Smith Corporation has a one year low of $58.83 and a one year high of $77.31.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping 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 business had revenue of $942.50 million during the quarter, compared to analyst estimates of $946.33 million. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business's 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. As a group, sell-side analysts expect that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, October 31st. This is an increase from A. O. Smith's previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a yield of 2.2%. A. O. Smith's dividend payout ratio is currently 38.81%.

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.

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