DA Davidson Estimates A. O. Smith FY2024 Earnings

A. O. Smith Co. (NYSE:AOS) – Research analysts at DA Davidson issued their FY2024 earnings per share (EPS) estimates for shares of A. O. Smith in a research report issued 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.

AOS has been the topic of several other research reports. Stifel Nicolaus dropped their price target on A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $75.00 to $80.00 in a report on Wednesday, October 23rd. StockNews.com cut A. O. Smith from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Robert W. Baird decreased their price target on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $86.71.

A. O. Smith Trading Down 0.8 %

AOS opened at $76.38 on Monday. The stock has a market capitalization of $11.20 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.26 and a beta of 1.15. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. A. O. Smith has a 12 month low of $67.96 and a 12 month high of $92.44. The firm’s fifty day simple moving average is $82.31 and its 200 day simple moving average is $83.19.

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 for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $960.36 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share.

A. O. Smith Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.78%. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, October 31st. A. O. Smith’s dividend payout ratio (DPR) is currently 35.23%.

Insiders Place Their Bets

In related news, SVP Samuel M. Carver sold 14,705 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $194,319. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On A. O. Smith

Hedge funds have recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new position in A. O. Smith during the second quarter worth approximately $25,000. Isthmus Partners LLC bought a new position in shares of A. O. Smith during the 2nd quarter worth approximately $27,000. Quarry LP increased its holdings in shares of A. O. Smith by 214.9% during the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 245 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in A. O. Smith in the 3rd quarter valued at $32,000. Finally, Wolff Wiese Magana LLC acquired a new stake in A. O. Smith during the 3rd quarter valued at $37,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

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.