A.O. Smith
About: A.O. Smith manufactures a broad lineup of water heaters, boilers, and water treatment products. The company has two reporting segments: North America (75% of sales) and rest of world (25% of sales). A.O. Smith is the leading manufacturer of water heaters in North America for the residential and commercial markets, with approximately 37% and 54% market share, respectively. Residential water heaters account for most of North American sales and are distributed equally through wholesale and retail channels. Most of A.O. Smith's international revenue is from China, a market the company entered during the mid-1990s. However, the firm announced a strategic review of its China operations.
Employees: 12,700
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
0.02% more ownership
Funds ownership: 93.34% [Q1] → 93.36% (+0.02%) [Q2]
1% less capital invested
Capital invested by funds: $7.18B [Q1] → $7.12B (-$59.8M) [Q2]
5% less funds holding
Funds holding: 649 [Q1] → 615 (-34) [Q2]
15% less first-time investments, than exits
New positions opened: 88 | Existing positions closed: 103
18% less repeat investments, than reductions
Existing positions increased: 208 | Existing positions reduced: 254
55% less call options, than puts
Call options by funds: $34M | Put options by funds: $75.2M
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
UBS Damian Karas | 5%upside $76 | Neutral Maintained | 28 Jul 2025 |
Oppenheimer Bryan Blair | 21%upside $88 | Outperform Maintained | 28 Jul 2025 |
Stifel Nathan Jones | 23%upside $89 | Buy Maintained | 25 Jul 2025 |
Baird Michael Halloran | 13%upside $82 | Neutral Maintained | 25 Jul 2025 |
JP Morgan Tomohiko Sano | 4%downside $70 | Neutral Initiated | 24 Jun 2025 |
Financial journalist opinion
Based on 4 articles about AOS published over the past 30 days
