A. O. Smith (NYSE:AOS) Stock Unloaded Rep. Jared Moskowitz

Representative Jared Moskowitz (D-Florida) recently sold shares of A. O. Smith Co. (NYSE:AOS). In a filing disclosed on December 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in A. O. Smith stock on November 8th. The trade occurred in the Representative’s “MORGAN STANLEY ACTIVE ASSETS (1)” account.

Representative Jared Moskowitz also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Elevance Health (NYSE:ELV) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Tractor Supply (NASDAQ:TSCO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 11/8/2024.
• Sold $50,001 – $100,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.
• Sold $15,001 – $50,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.

A. O. Smith Price Performance

Shares of NYSE AOS opened at $73.89 on Tuesday. The company has a fifty day moving average price of $77.41 and a 200 day moving average price of $80.88. A. O. Smith Co. has a 1-year low of $70.73 and a 1-year high of $92.44. The firm has a market cap of $10.71 billion, a PE ratio of 19.44, a PEG ratio of 1.92 and a beta of 1.16. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06.

A. O. Smith (NYSE:AOS) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The firm had revenue of $957.80 million for the quarter, compared to analysts’ expectations of $960.36 million. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. During the same quarter in the previous year, the business posted $0.90 EPS. Research analysts predict that A. O. Smith Co. will post 3.78 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.84%. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, October 31st. A. O. Smith’s dividend payout ratio (DPR) is presently 35.79%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Legacy Capital Wealth Partners LLC acquired a new stake in shares of A. O. Smith in the second quarter valued at about $228,000. Cetera Investment Advisers increased its position in A. O. Smith by 222.0% during the 1st quarter. Cetera Investment Advisers now owns 25,255 shares of the industrial products company’s stock valued at $2,259,000 after purchasing an additional 17,411 shares during the period. Bank of Montreal Can raised its holdings in A. O. Smith by 37.6% during the 2nd quarter. Bank of Montreal Can now owns 185,768 shares of the industrial products company’s stock worth $15,409,000 after purchasing an additional 50,798 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of A. O. Smith in the 2nd quarter worth approximately $1,372,000. Finally, FORA Capital LLC bought a new stake in shares of A. O. Smith in the 3rd quarter valued at $730,000. 76.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AOS has been the topic of several analyst reports. Citigroup dropped their price target on shares of A. O. Smith from $85.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday. UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Stifel Nicolaus decreased their price target on shares of A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird reduced their price objective on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, A. O. Smith currently has an average rating of “Hold” and an average target price of $84.29.

About Representative Moskowitz

Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida’s 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida’s 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state’s Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor’s degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz’s career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.

About A. O. Smith

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.