A O Smith Corporation's recent performance has been a mixed bag, but on balance indicative of growth potential. Concerns have been raised about the corporation's price, recent 4.2% pullback and subsequent losses accruing over the year. However, despite some institutional owners selling off large quantities of shares like 1832 Asset Management L.P., Edgestream Partners L.P. and XTX Topco Ltd, there's also been an influx of investments from others such as Prudential Financial Inc., Charles Schwab Investment Management Inc. and American Century Companies Inc. A positive update is the
quarterly dividend increase to $0.36 per share along with the record performance in Q2 and Q3 earnings. Reaching $1.07 and $0.94 EPS respectively, both periods saw a significant leap from previous year figures. The corporation's
acquisition of Leonard Valve Company for $470 million has expanded its water management capabilities, countering declines faced due to challenges in China. Leadership changes and recruitment of new officers reflect an internal revamp. Projections for FY2025 EPS have been trimmed, but despite other mixed signals from a cautious outlook to staff sell-offs, many institutional investors continue backing A. O. Smith.
A O Smith Corporation AOS News Analytics from Mon, 30 Dec 2024 08:00:00 GMT to Sat, 06 Dec 2025 19:10:01 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -2
