DA Davidson Estimates A. O. Smith FY2024 Earnings

A. O. Smith Co. (NYSE:AOS) – Equities researchers at DA Davidson issued their FY2024 earnings per share estimates for A. O. Smith in a report released on Thursday, October 24th. DA Davidson analyst M. Summerville forecasts that the industrial products company will post earnings of $3.77 per share for the year. 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.

Several other research analysts have also recently issued reports on the stock. 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 report on Wednesday, October 23rd. StockNews.com downgraded A. O. Smith from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus cut their price objective on A. O. Smith from $92.00 to $91.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $86.71.

A. O. Smith Stock Performance

Shares of AOS opened at $76.87 on Monday. The firm has a market capitalization of $11.27 billion, a PE ratio of 19.91, a P/E/G ratio of 2.30 and a beta of 1.15. The company has a quick ratio of 1.07, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $82.48 and a 200 day moving average price of $83.33. A. O. Smith has a 52-week low of $65.20 and a 52-week high of $92.44.

A. O. Smith (NYSE:AOS) last announced its quarterly 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 company had revenue of $957.80 million during the quarter, compared to analyst estimates 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 previous year, the firm posted $0.90 EPS.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AOS. Northwestern Mutual Wealth Management Co. grew its stake in A. O. Smith by 7.2% during 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 acquiring an additional 134 shares in the last quarter. UMB Bank n.a. grew its position in 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 purchasing an additional 136 shares in the last quarter. Algebris UK Ltd increased its stake in A. O. Smith by 2.3% in the 1st quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock valued at $506,000 after buying an additional 140 shares during the period. Gateway Investment Advisers LLC lifted its position in A. O. Smith by 5.0% in the 3rd quarter. Gateway Investment Advisers LLC now owns 2,989 shares of the industrial products company’s stock worth $269,000 after buying an additional 142 shares in the last quarter. Finally, Empirical Finance LLC boosted its stake in shares of A. O. Smith by 3.3% during the 1st quarter. Empirical Finance LLC now owns 4,618 shares of the industrial products company’s stock valued at $413,000 after buying an additional 149 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 shares were sold at an average price of $81.00, for a total value of $1,191,105.00. Following the completion of the transaction, the senior vice president now directly owns 2,399 shares in the company, valued at $194,319. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is owned by insiders.

A. O. Smith Increases Dividend

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

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.