A. O. Smith (NYSE: AOS) reported third-quarter 2026 net sales of $940.5 million, compared with $942.5 million a year earlier. Net earnings were $126.3 million, down from $132.0 million, while diluted earnings per share were $0.93 versus $0.94.
North America sales rose 3% to $761.6 million, while Rest of World sales declined 7% to $192.8 million. The company also announced agreements for CPE to acquire an 81% interest in its China business.
- North America segment earnings were $179.9 million, with a 23.6% segment margin.
- Rest of World segment earnings were $10.5 million, with a 5.4% segment margin.
- Year-to-date operating cash flow totaled $429.4 million, and free cash flow was $396.2 million.
- The China transaction values the business at about $400 million before long-term licensing royalties; total value is expected to exceed $500 million.
- A. O. Smith expects the transaction to close in the first half of 2027, subject to approvals and customary conditions.
$AOS Hedge Fund Activity
We have seen 323 institutional investors add shares of $AOS stock to their portfolio, and 320 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 2,487,249 shares (+31.4%) to their portfolio in Q2 2026, for an estimated $156,000,257
- UBS GROUP AG added 1,551,952 shares (+168.4%) to their portfolio in Q2 2026, for an estimated $97,338,429
- IMPAX ASSET MANAGEMENT GROUP PLC removed 1,464,506 shares (-34.2%) from their portfolio in Q2 2026, for an estimated $91,853,816
- RIVER ROAD ASSET MANAGEMENT, LLC added 1,346,882 shares (+inf%) to their portfolio in Q2 2026, for an estimated $84,476,439
- TALARIA ASSET MANAGEMENT PTY LTD added 1,200,700 shares (+inf%) to their portfolio in Q2 2026, for an estimated $75,307,904
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,088,733 shares (+inf%) to their portfolio in Q2 2026, for an estimated $68,285,333
- MORGAN STANLEY removed 862,541 shares (-24.1%) from their portfolio in Q2 2026, for an estimated $54,098,571
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
