A. O. Smith Corporation
In the published model solve dated 2026-Q2, anchored at $60.38, A. O. Smith Corporation (AOS) is priced for +2.2% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• About 64% of revenue comes from North American water heaters and related parts, a business where replacement rather than the economic cycle sets the volume, and where the company estimates a 2026 segment margin of ⟦"approximately 24.0 to 24.5 percent"⟧. • China is the soft spot: first-quarter sales there fell 17% in local currency, and management now expects the full year down by low double digits [Source: A. O. Smith Q1 2026 results release, April 30, 2026]. • The July 30, 2026 quarterly repo
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611 institutional managers reported holding AOS in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 43%. 70 opened new positions that quarter. Held by Vanguard Group, FMR (Fidelity), BlackRock, among others. On the short side, 9.0M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (5.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AOS has cut its share count 13.7% over the past five years, spending $1.64B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 12 years straight; the current rate is $1.38 a share annually. Cash returned over the past three years: $529.20M in dividends and $994.80M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at AOS over the trailing three years. Absence is a fact about the company, not a signal. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AOS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-04-29 | +1.2% | +6.6% |
| 2023-07-29 | -3.8% | -8.4% |
| 2023-10-28 | -1.9% | +21.6% |
| 2024-02-14 | -5.0% | +6.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AOS's latest 8-K filings: 2026-07-30 (items 2.02, 9.01); 2026-06-22 (items 5.02, 9.01); 2026-05-19 (items 5.02, 9.01); 2026-04-30 (items 2.02, 9.01); 2026-04-17 (items 5.07, 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.