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 Stock Performance

A. O. Smith stock traded down $0.91 during midday trading on Tuesday, hitting $72.98. The company's stock had a trading volume of 953,138 shares, compared to its average volume of 969,254. A. O. Smith Co. has a 1-year low of $70.73 and a 1-year high of $92.44. The company has a 50-day moving average price of $77.09 and a two-hundred day moving average price of $80.79. The company 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. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $957.80 million for the quarter, compared to the consensus estimate 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 business posted $0.90 earnings per share. As a group, sell-side analysts predict that A. O. Smith Co. will post 3.78 earnings per share for the current year.

A. O. Smith Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.86%. This is a positive change from A. O. Smith's previous quarterly dividend of $0.32. The ex-dividend date was Thursday, October 31st. A. O. Smith's dividend payout ratio (DPR) is currently 35.79%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of A. O. Smith in the second quarter valued at about $25,000. Isthmus Partners LLC bought a new position in A. O. Smith during the 2nd quarter worth approximately $27,000. Quarry LP lifted its position 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 worth $29,000 after purchasing an additional 245 shares during the period. Waldron Private Wealth LLC bought a new stake in shares of A. O. Smith in the 3rd quarter valued at $32,000. Finally, Wolff Wiese Magana LLC acquired a new stake in shares of A. O. Smith during the third quarter worth $37,000. Institutional investors own 76.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup dropped their price target on A. O. Smith from $85.00 to $78.00 and set a "neutral" rating for the company in a research note on Monday. Robert W. Baird lowered their price objective on shares of A. O. Smith from $82.00 to $81.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. StockNews.com lowered A. O. Smith from a "buy" rating to a "hold" rating in a research note on Tuesday. Stifel Nicolaus lowered their target price on A. O. Smith from $92.00 to $91.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Finally, UBS Group raised shares of A. O. Smith from a "sell" rating to a "neutral" rating and increased their target price for the stock from $75.00 to $80.00 in a report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.