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

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 Stock Down 1.2 %

Shares of NYSE AOS opened at $72.98 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $77.09 and its two-hundred day moving average is $80.79. A. O. Smith Co. has a 52-week low of $70.73 and a 52-week high of $92.44. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.92 and a beta of 1.16.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. The firm had revenue of $957.80 million for the quarter, compared to analyst estimates 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 prior year, the company earned $0.90 EPS. Research analysts predict that A. O. Smith Co. will post 3.78 EPS for the current year.

A. O. Smith Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s dividend payout ratio (DPR) is 35.79%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AOS. University of Texas Texas AM Investment Management Co. acquired a new position in A. O. Smith in the second quarter valued at approximately $25,000. Isthmus Partners LLC purchased a new stake in shares of A. O. Smith during the 2nd quarter worth approximately $27,000. Quarry LP boosted its holdings in shares of A. O. Smith by 214.9% in the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after buying an additional 245 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in shares of A. O. Smith in the 3rd quarter valued at $32,000. Finally, Wolff Wiese Magana LLC acquired a new stake in A. O. Smith during the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AOS. StockNews.com downgraded shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus reduced their price objective on 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. DA Davidson cut A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price for the company. in a research note on Wednesday, October 23rd. Robert W. Baird reduced their price target 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. Finally, UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, A. O. Smith currently has an average rating of “Hold” and a consensus 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.

A. O. Smith Company 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.