A. O. Smith Corporation (NYSE:AOS) Receives $77.00 Consensus Target Price from Brokerages

A. O. Smith Corporation (NYSE:AOS) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $77.00.

A number of research firms have recently weighed in on AOS. Stifel Nicolaus set a $80.00 price objective on A. O. Smith and gave the company a “buy” rating in a research report on Wednesday, October 29th. UBS Group reaffirmed a “neutral” rating and set a $76.00 price target (up previously from $74.00) on shares of A. O. Smith in a report on Monday, July 28th. Citigroup dropped their target price on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Wall Street Zen upgraded A. O. Smith from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Robert W. Baird set a $76.00 price objective on A. O. Smith in a research report on Wednesday, October 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AOS. Vanguard Group Inc. increased its stake in A. O. Smith by 1.3% during the third quarter. Vanguard Group Inc. now owns 14,412,842 shares of the industrial products company’s stock worth $1,058,047,000 after acquiring an additional 182,876 shares during the last quarter. Invesco Ltd. increased its position in shares of A. O. Smith by 6.5% during the 1st quarter. Invesco Ltd. now owns 5,011,496 shares of the industrial products company’s stock valued at $327,551,000 after purchasing an additional 307,201 shares during the last quarter. Impax Asset Management Group plc raised its holdings in A. O. Smith by 3.4% during the 3rd quarter. Impax Asset Management Group plc now owns 4,850,158 shares of the industrial products company’s stock valued at $356,050,000 after buying an additional 157,856 shares during the period. ProShare Advisors LLC lifted its position in A. O. Smith by 3.3% in the second quarter. ProShare Advisors LLC now owns 2,500,230 shares of the industrial products company’s stock worth $163,940,000 after buying an additional 79,696 shares during the last quarter. Finally, American Century Companies Inc. increased its position in A. O. Smith by 54.3% during the second quarter. American Century Companies Inc. now owns 2,080,288 shares of the industrial products company’s stock valued at $136,405,000 after acquiring an additional 732,041 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Trading Down 0.6%

Shares of AOS stock opened at $65.75 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.54 and a quick ratio of 1.03. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.43 and a beta of 1.30. A. O. Smith has a 1 year low of $58.83 and a 1 year high of $77.31. The firm has a fifty day moving average price of $70.27 and a 200-day moving average price of $69.08.

A. O. Smith (NYSE:AOS) last released its earnings results on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.05. A. O. Smith had a return on equity of 29.34% and a net margin of 13.85%.The company had revenue of $942.50 million for the quarter, compared to the consensus estimate of $946.33 million. During the same period in the previous year, the business earned $0.82 earnings per share. A. O. Smith’s quarterly revenue was up 4.4% compared to the same quarter last year. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. As a group, equities analysts predict that A. O. Smith will post 3.76 earnings per share for the current year.

A. O. Smith Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, October 31st. This is an increase from A. O. Smith’s previous quarterly dividend of $0.34. A. O. Smith’s dividend payout ratio is 38.81%.

A. O. Smith Company Profile

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.