Seaport Res Ptn Lowers Earnings Estimates for A. O. Smith

A. O. Smith Co. (NYSE:AOS) – Equities researchers at Seaport Res Ptn dropped their FY2024 earnings per share estimates for shares of A. O. Smith in a research report issued to clients and investors on Thursday, November 14th. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will post earnings of $3.75 per share for the year, down from their prior estimate 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.

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

Several other equities research analysts have also commented on AOS. Robert W. Baird decreased their price objective on shares of 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 cut their price objective on A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and upped their price objective for the company from $75.00 to $80.00 in a research note on Wednesday, October 23rd. StockNews.com upgraded A. O. Smith from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. Finally, DA Davidson lowered shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target for the company. in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.71.

A. O. Smith Stock Down 0.1 %

AOS opened at $72.16 on Monday. A. O. Smith has a fifty-two week low of $71.64 and a fifty-two week high of $92.44. The firm has a market capitalization of $10.46 billion, a P/E ratio of 18.99, a PEG ratio of 1.91 and a beta of 1.17. The company’s 50-day moving average is $80.47 and its 200 day moving average is $82.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02.

A. O. Smith Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.34 dividend. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, October 31st. A. O. Smith’s payout ratio is currently 35.79%.

Institutional Trading of A. O. Smith

Several hedge funds and other institutional investors have recently modified their holdings of AOS. Northwestern Mutual Wealth Management Co. grew its stake 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 boosted its holdings in shares of A. O. Smith by 19.8% in the third quarter. Huntington National Bank now owns 812 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 134 shares during the period. UMB Bank n.a. boosted its holdings in shares of A. O. Smith by 12.5% in the third quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company’s stock worth $110,000 after acquiring an additional 136 shares during the period. Algebris UK Ltd grew its position in shares of A. O. Smith by 2.3% in the first quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 140 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in shares of A. O. Smith by 5.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 2,989 shares of the industrial products company’s stock valued at $269,000 after purchasing an additional 142 shares during the period. Institutional investors 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.