A. O. Smith FY2024 EPS Estimate Decreased by Seaport Res Ptn

A. O. Smith Co. (NYSE:AOS) – Stock analysts at Seaport Res Ptn cut their FY2024 earnings estimates for A. O. Smith in a research note issued to investors on Wednesday, October 23rd. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will post earnings of $3.77 per share for the year, down from their prior estimate of $3.78. 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 Q1 2025 earnings at $0.97 EPS, Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $0.88 EPS, FY2025 earnings at $3.95 EPS, Q1 2026 earnings at $1.07 EPS, Q2 2026 earnings at $1.22 EPS, Q3 2026 earnings at $1.00 EPS and FY2026 earnings at $4.40 EPS.

AOS has been the topic of several other reports. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and upped their price target for the company from $75.00 to $80.00 in a report on Wednesday. DA Davidson cut shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research note on Wednesday. Robert W. Baird reduced their target price on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price target on A. O. Smith from $92.00 to $91.00 and set a “buy” rating for the company in a research report on Wednesday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.71.

A. O. Smith Stock Up 0.0 %

AOS opened at $77.33 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.07 and a current ratio of 1.67. The company has a market cap of $11.28 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.30 and a beta of 1.15. A. O. Smith has a one year low of $65.08 and a one year high of $92.44. The business’s fifty day moving average is $82.53 and its two-hundred day moving average is $83.44.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.90 EPS.

A. O. Smith Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.34 per share. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, October 31st. This represents a $1.36 annualized dividend and a dividend yield of 1.76%. A. O. Smith’s dividend payout ratio (DPR) is 33.68%.

Insider Activity at A. O. Smith

In other A. O. Smith news, SVP Samuel M. Carver sold 14,705 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total value of $1,191,105.00. Following the sale, the senior vice president now directly owns 2,399 shares of the company’s stock, valued at approximately $194,319. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On A. O. Smith

A number of hedge funds have recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. purchased a new position in shares of A. O. Smith in the 2nd quarter worth $25,000. Isthmus Partners LLC acquired a new position in shares of A. O. Smith in the 2nd quarter valued at about $27,000. Quarry LP lifted its stake in shares of A. O. Smith by 214.9% in the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 245 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of A. O. Smith during the 3rd quarter worth about $32,000. Finally, Wolff Wiese Magana LLC acquired a new stake in A. O. Smith during the 3rd quarter worth approximately $37,000. 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.