Seaport Res Ptn Reduces Earnings Estimates for A. O. Smith

A. O. Smith Co. (NYSE:AOS - Free Report) - Equities researchers at Seaport Res Ptn lowered their FY2024 earnings per share (EPS) estimates for shares of A. O. Smith in a research report issued on Wednesday, October 23rd. Seaport Res Ptn analyst S. Graham now expects that the industrial products company will post earnings of $3.77 per share for the year, down from their prior 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 equities analysts have also recently issued reports about the company. Robert W. Baird lowered their price target on A. O. Smith from $82.00 to $81.00 and set a "neutral" rating on the stock 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. StockNews.com raised A. O. Smith from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Stifel Nicolaus reduced their price objective on shares of A. O. Smith from $92.00 to $91.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, UBS Group raised shares of A. O. Smith from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $75.00 to $80.00 in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $86.71.

A. O. Smith Stock Up 0.1 %

AOS stock traded up $0.04 during trading on Thursday, hitting $77.34. 851,448 shares of the stock traded hands, compared to its average volume of 965,012. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15. A. O. Smith has a 1 year low of $65.08 and a 1 year high of $92.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.07. The firm's 50 day moving average is $82.59 and its two-hundred day moving average is $83.48.

A. O. Smith (NYSE:AOS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 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 last year, the firm posted $0.90 earnings per share.

A. O. Smith Increases Dividend

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

Insider Buying and Selling 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 on Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its holdings in shares of A. O. Smith by 4.6% during the third quarter. State of Alaska Department of Revenue now owns 13,936 shares of the industrial products company's stock valued at $1,251,000 after buying an additional 610 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings 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 purchasing an additional 2,166 shares during the period. Forsta AP Fonden raised its stake in shares of A. O. Smith by 23.5% during the 3rd quarter. Forsta AP Fonden now owns 78,400 shares of the industrial products company's stock worth $7,043,000 after buying an additional 14,900 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in A. O. Smith by 18.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,543 shares of the industrial products company's stock valued at $2,766,000 after purchasing an additional 4,783 shares in the last quarter. Finally, Lake Street Advisors Group LLC acquired a new stake in A. O. Smith in the 3rd quarter worth about $215,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

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.