FY2024 EPS Estimates for A. O. Smith Decreased by Analyst

A. O. Smith Co. (NYSE:AOS) – Equities researchers at Seaport Res Ptn reduced their FY2024 earnings per share estimates for shares of A. O. Smith in a note issued to investors on Wednesday, October 23rd. Seaport Res Ptn analyst S. Graham now expects that the industrial products company will post earnings per share of $3.77 for the year, down from their previous forecast 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.

Other analysts have also recently issued reports about the company. Stifel Nicolaus cut their target price on A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday. DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research report on Wednesday. StockNews.com downgraded A. O. Smith from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group upgraded shares of 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 report on Wednesday. Finally, 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. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.71.

A. O. Smith Price Performance

Shares of A. O. Smith stock opened at $76.87 on Thursday. The firm has a market cap of $11.27 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15. The company’s fifty day simple moving average is $82.48 and its two-hundred day simple moving average is $83.37. The company has a quick ratio of 1.07, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. A. O. Smith has a 12-month low of $65.20 and a 12-month high of $92.44.

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

Institutional Investors Weigh In On A. O. Smith

Several hedge funds have recently added to or reduced their stakes in AOS. First Trust Direct Indexing L.P. purchased a new position in A. O. Smith in the third quarter worth about $256,000. Trajan Wealth LLC raised its stake in shares of A. O. Smith by 7.8% in the third quarter. Trajan Wealth LLC now owns 3,073 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 222 shares during the last quarter. Valmark Advisers Inc. bought a new position in shares of A. O. Smith during the third quarter valued at $226,000. State of Alaska Department of Revenue increased its holdings in A. O. Smith by 4.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 13,936 shares of the industrial products company’s stock worth $1,251,000 after buying an additional 610 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its position in A. O. Smith by 7.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 31,406 shares of the industrial products company’s stock worth $2,821,000 after buying an additional 2,166 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Samuel M. Carver sold 14,705 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the sale, the senior vice president now owns 2,399 shares of the company’s stock, valued at $194,319. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by company insiders.

A. O. Smith Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.77%. A. O. Smith’s dividend payout ratio 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.