Q3 2024 EPS Estimates for A. O. Smith Co. (NYSE:AOS) Increased by Analyst

A. O. Smith Co. (NYSE:AOS) – Stock analysts at Seaport Res Ptn boosted their Q3 2024 earnings estimates for shares of A. O. Smith in a report released on Sunday, April 14th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings of $0.99 per share for the quarter, up from their previous forecast of $0.91. The consensus estimate for A. O. Smith’s current full-year earnings is $4.10 per share. Seaport Res Ptn also issued estimates for A. O. Smith’s Q4 2024 earnings at $1.02 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.12 EPS and FY2025 earnings at $4.42 EPS.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $988.10 million during the quarter, compared to the consensus estimate of $985.89 million. A. O. Smith had a net margin of 14.45% and a return on equity of 31.05%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 EPS.

A number of other brokerages also recently weighed in on AOS. StockNews.com downgraded shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Jefferies Financial Group upped their price target on shares of A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Citigroup upped their price target on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Oppenheimer reaffirmed a “market perform” rating on shares of A. O. Smith in a report on Thursday. Finally, Stifel Nicolaus upped their price target on shares of A. O. Smith from $85.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.50.

A. O. Smith Stock Performance

NYSE AOS opened at $86.69 on Wednesday. The firm has a 50-day moving average price of $85.11 and a two-hundred day moving average price of $79.05. A. O. Smith has a 12-month low of $63.88 and a 12-month high of $89.96. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $12.76 billion, a P/E ratio of 23.43, a P/E/G ratio of 2.32 and a beta of 1.25.

Hedge Funds Weigh In On A. O. Smith

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOS. Artemis Wealth Advisors LLC bought a new position in shares of A. O. Smith in the 3rd quarter worth about $37,000. FinTrust Capital Advisors LLC raised its position in shares of A. O. Smith by 628.0% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 597 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 515 shares in the last quarter. Addison Advisors LLC raised its position in shares of A. O. Smith by 36.1% in the 3rd quarter. Addison Advisors LLC now owns 712 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 189 shares in the last quarter. Private Trust Co. NA raised its position in shares of A. O. Smith by 393.1% in the 3rd quarter. Private Trust Co. NA now owns 858 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 684 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in shares of A. O. Smith in the 2nd quarter worth about $66,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at A. O. Smith

In other A. O. Smith news, Director Ajita G. Rajendra sold 24,669 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $83.02, for a total value of $2,048,020.38. Following the completion of the transaction, the director now directly owns 56,951 shares in the company, valued at approximately $4,728,072.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other A. O. Smith news, Director Ajita G. Rajendra sold 24,669 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $83.02, for a total value of $2,048,020.38. Following the completion of the transaction, the director now directly owns 56,951 shares in the company, valued at approximately $4,728,072.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Idelle K. Wolf sold 814 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total transaction of $65,120.00. Following the completion of the transaction, the director now owns 46,140 shares of the company’s stock, valued at $3,691,200. The disclosure for this sale can be found here. Insiders sold a total of 95,631 shares of company stock valued at $8,042,535 in the last quarter. Insiders own 2.70% of the company’s stock.

A. O. Smith Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, April 29th. A. O. Smith’s payout ratio is 34.59%.

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.