Rep. Jared Moskowitz Sells Off Shares of A. O. Smith Co. (NYSE:AOS)

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 Trading Down 0.1 %

AOS opened at $72.88 on Thursday. The stock’s 50 day moving average price is $76.79 and its 200-day moving average price is $80.74. A. O. Smith Co. has a one year low of $70.73 and a one year high of $92.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 1.92 and a beta of 1.16.

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

A. O. Smith Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, October 31st. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s dividend payout ratio (DPR) is 35.79%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AOS shares. DA Davidson downgraded shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a report on Wednesday, October 23rd. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and lifted 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 target on A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup dropped their price objective on A. O. Smith from $85.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Robert W. Baird decreased 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. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $84.14.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of A. O. Smith in the second quarter worth approximately $25,000. Isthmus Partners LLC purchased a new position in shares of A. O. Smith in the second quarter valued at $27,000. Quarry LP boosted its position in 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 during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of A. O. Smith in the third quarter worth about $32,000. Finally, Wolff Wiese Magana LLC acquired a new stake in A. O. Smith during the 3rd quarter valued at approximately $37,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

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.