FY2024 EPS Estimates for A. O. Smith Decreased by Analyst

A. O. Smith Co. (NYSE:AOS) – Stock analysts at Seaport Res Ptn lowered their FY2024 earnings per share estimates for shares of A. O. Smith in a research note issued to investors on Thursday, November 14th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings per share of $3.75 for the year, down from their prior forecast of $3.77. The consensus estimate for A. O. Smith’s current full-year earnings is $3.78 per share. Seaport Res Ptn also issued estimates for A. O. Smith’s Q4 2024 earnings at $0.87 EPS, Q1 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.01 EPS, Q1 2026 earnings at $1.08 EPS, Q2 2026 earnings at $1.23 EPS, Q3 2026 earnings at $1.01 EPS and FY2026 earnings at $4.44 EPS.

Several other research analysts also recently issued reports on AOS. Robert W. Baird lowered their price objective on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus dropped their price target on shares of 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. StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $80.00 in a report on Wednesday, October 23rd. Finally, DA Davidson downgraded A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, A. O. Smith currently has a consensus rating of “Hold” and a consensus target price of $86.71.

A. O. Smith Stock Performance

A. O. Smith stock opened at $72.16 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock has a market cap of $10.46 billion, a PE ratio of 18.99, a P/E/G ratio of 1.91 and a beta of 1.17. A. O. Smith has a 12-month low of $71.64 and a 12-month high of $92.44. The business’s 50-day moving average price is $80.47 and its two-hundred day moving average price is $82.15.

A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The company had revenue of $957.80 million during the quarter, compared to analysts’ expectations of $960.36 million. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. During the same period in the previous year, the company earned $0.90 EPS.

A. O. Smith Increases Dividend

The firm also recently announced 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 is a positive change from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.36 annualized dividend and a dividend yield of 1.88%. A. O. Smith’s dividend payout ratio is presently 35.79%.

Institutional Trading of A. O. Smith

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in A. O. Smith by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company’s stock valued at $164,000 after buying an additional 134 shares in the last quarter. Huntington National Bank grew its stake in A. O. Smith by 19.8% in the third quarter. Huntington National Bank now owns 812 shares of the industrial products company’s stock valued at $73,000 after acquiring an additional 134 shares during the period. UMB Bank n.a. increased its holdings in shares of A. O. Smith by 12.5% during the third quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 136 shares in the last quarter. Algebris UK Ltd increased its holdings in shares of A. O. Smith by 2.3% during the first quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 140 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in shares of A. O. Smith by 5.0% during the third quarter. Gateway Investment Advisers LLC now owns 2,989 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

About A. O. Smith

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.