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

A. O. Smith Co. (NYSE:AOS) – Equities researchers at Seaport Res Ptn increased their Q3 2024 earnings estimates for shares of A. O. Smith in a research note issued on Sunday, April 14th. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will earn $0.99 per share for the quarter, up from their prior 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 issued its earnings results on Tuesday, January 30th. The industrial products company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $988.10 million for 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 company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS.

A number of other research firms also recently issued reports on AOS. Stifel Nicolaus increased their price objective on shares of A. O. Smith from $85.00 to $91.00 and gave the company a “hold” rating in a research note on Wednesday. Jefferies Financial Group increased their price objective on shares of A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, April 12th. StockNews.com downgraded shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Finally, Citigroup increased their price objective on shares of A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $88.50.

A. O. Smith Price Performance

Shares of AOS stock opened at $86.46 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 1.06. The company’s 50-day simple moving average is $84.98 and its two-hundred day simple moving average is $79.00. A. O. Smith has a one year low of $63.88 and a one year high of $89.96. The company has a market capitalization of $12.73 billion, a P/E ratio of 23.37, a P/E/G ratio of 2.31 and a beta of 1.25.

A. O. Smith Dividend Announcement

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

Insiders Place Their Bets

In other A. O. Smith news, VP Robert J. Heideman sold 9,890 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $84.63, for a total value of $836,990.70. Following the completion of the transaction, the vice president now owns 9,455 shares of the company’s stock, valued at $800,176.65. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Idelle K. Wolf sold 814 shares of the firm’s stock in a transaction 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 sale, the director now owns 46,140 shares in the company, valued at $3,691,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Robert J. Heideman sold 9,890 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $84.63, for a total transaction of $836,990.70. Following the sale, the vice president now owns 9,455 shares in the company, valued at approximately $800,176.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,631 shares of company stock valued at $8,042,535. Insiders own 2.70% of the company’s stock.

Institutional Trading of A. O. Smith

Several institutional investors have recently modified their holdings of the stock. State Street Corp grew its position in shares of A. O. Smith by 2.6% in the third quarter. State Street Corp now owns 8,804,868 shares of the industrial products company’s stock valued at $427,740,000 after purchasing an additional 225,462 shares during the period. Impax Asset Management Group plc grew its position in shares of A. O. Smith by 2.2% in the third quarter. Impax Asset Management Group plc now owns 4,101,386 shares of the industrial products company’s stock valued at $271,225,000 after purchasing an additional 88,025 shares during the period. Invesco Ltd. grew its position in shares of A. O. Smith by 4.6% in the third quarter. Invesco Ltd. now owns 3,038,837 shares of the industrial products company’s stock valued at $200,958,000 after purchasing an additional 133,339 shares during the period. Robeco Schweiz AG grew its position in shares of A. O. Smith by 16.8% in the first quarter. Robeco Schweiz AG now owns 2,296,046 shares of the industrial products company’s stock valued at $146,694,000 after purchasing an additional 329,539 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in shares of A. O. Smith by 20.5% in the first quarter. Macquarie Group Ltd. now owns 2,120,008 shares of the industrial products company’s stock worth $146,599,000 after buying an additional 360,409 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

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.