DA Davidson Comments on A. O. Smith’s Q4 Earnings (NYSE:AOS)

A. O. Smith Co. (NYSE:AOS) – Research analysts at DA Davidson issued their Q4 2024 earnings estimates for A. O. Smith in a research note issued to investors on Thursday, October 24th. DA Davidson analyst M. Summerville forecasts that the industrial products company will earn $0.90 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $80.00 target price on the stock. The consensus estimate for A. O. Smith’s current full-year earnings is $3.78 per share. DA Davidson also issued estimates for A. O. Smith’s FY2025 earnings at $4.05 EPS.

A number of other research firms also recently weighed in on AOS. Robert W. Baird reduced their price target on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group upgraded shares of A. O. Smith from a “sell” rating to a “neutral” rating and increased their target price for the stock from $75.00 to $80.00 in a report on Wednesday. StockNews.com downgraded shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Stifel Nicolaus cut their price target on shares of A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $86.71.

A. O. Smith Stock Down 0.6 %

NYSE:AOS opened at $76.87 on Friday. The stock has a 50-day simple moving average of $82.48 and a 200 day simple moving average of $83.34. A. O. Smith has a 52-week low of $65.20 and a 52-week high of $92.44. The company has a market cap of $11.27 billion, a PE ratio of 19.91, a PEG ratio of 2.30 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.07 and a current ratio of 1.67.

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

A. O. Smith Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, October 31st. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s dividend payout ratio (DPR) is 35.23%.

Insider Transactions at A. O. Smith

In related news, SVP Samuel M. Carver sold 14,705 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total value of $1,191,105.00. Following the completion of the sale, the senior vice president now directly owns 2,399 shares in the company, valued at approximately $194,319. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On A. O. Smith

Several hedge funds have recently added to or reduced their stakes in the business. Sarasin & Partners LLP bought a new position in shares of A. O. Smith in the third quarter valued at about $78,766,000. Select Equity Group L.P. raised its holdings in A. O. Smith by 11.6% in the 2nd quarter. Select Equity Group L.P. now owns 3,852,467 shares of the industrial products company’s stock valued at $315,055,000 after acquiring an additional 400,304 shares during the period. Confluence Investment Management LLC bought a new position in A. O. Smith in the 2nd quarter valued at about $22,288,000. Assenagon Asset Management S.A. acquired a new stake in A. O. Smith during the third quarter worth approximately $24,060,000. Finally, Distillate Capital Partners LLC grew its position in shares of A. O. Smith by 100,431.5% in the second quarter. Distillate Capital Partners LLC now owns 162,861 shares of the industrial products company’s stock valued at $13,319,000 after purchasing an additional 162,699 shares during the last quarter. 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.