A. O. Smith Co. Expected to Post Q2 2024 Earnings of $1.07 Per Share (NYSE:AOS)

A. O. Smith Co. (NYSE:AOS) – Equities research analysts at DA Davidson issued their Q2 2024 earnings per share estimates for A. O. Smith in a report issued on Friday, April 26th. DA Davidson analyst M. Summerville expects that the industrial products company will post earnings per share of $1.07 for the quarter. The consensus estimate for A. O. Smith’s current full-year earnings is $4.09 per share. DA Davidson also issued estimates for A. O. Smith’s FY2024 earnings at $4.13 EPS and FY2025 earnings at $4.45 EPS.

AOS has been the topic of several other reports. Citigroup raised their price objective on A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Stifel Nicolaus decreased their price objective on A. O. Smith from $91.00 to $90.00 and set a “hold” rating for the company in a report on Friday. Oppenheimer reaffirmed a “market perform” rating on shares of A. O. Smith in a research note on Thursday, April 18th. Robert W. Baird boosted their price target on shares of A. O. Smith from $86.00 to $92.00 and gave the company a “neutral” rating in a report on Friday. Finally, Jefferies Financial Group lifted their price objective on shares of A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, April 12th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $90.67.

A. O. Smith Stock Performance

A. O. Smith stock opened at $83.21 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.65. The company has a market capitalization of $12.25 billion, a PE ratio of 21.56, a P/E/G ratio of 2.26 and a beta of 1.25. The company has a 50 day moving average price of $85.71 and a 200-day moving average price of $79.98. A. O. Smith has a fifty-two week low of $63.88 and a fifty-two week high of $89.96.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. The company had revenue of $978.80 million during the quarter, compared to analyst estimates of $995.91 million. A. O. Smith had a net margin of 14.94% and a return on equity of 30.94%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS.

Institutional Investors Weigh In On A. O. Smith

Large investors have recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. lifted its position in A. O. Smith by 4.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,230 shares of the industrial products company’s stock worth $214,000 after acquiring an additional 145 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of A. O. Smith by 3.2% in the third quarter. Avantax Advisory Services Inc. now owns 4,762 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 148 shares during the last quarter. United Asset Strategies Inc. lifted its holdings in shares of A. O. Smith by 1.5% during the first quarter. United Asset Strategies Inc. now owns 10,156 shares of the industrial products company’s stock worth $909,000 after purchasing an additional 152 shares during the period. American International Group Inc. boosted its position in A. O. Smith by 0.5% in the fourth quarter. American International Group Inc. now owns 33,231 shares of the industrial products company’s stock valued at $2,740,000 after buying an additional 163 shares during the last quarter. Finally, PAX Financial Group LLC increased its holdings in A. O. Smith by 1.7% in the 3rd quarter. PAX Financial Group LLC now owns 10,773 shares of the industrial products company’s stock worth $712,000 after buying an additional 179 shares during the period. 76.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at A. O. Smith

In other news, Director Idelle K. Wolf sold 814 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total value of $65,120.00. Following the completion of the sale, the director now owns 46,140 shares of the company’s stock, valued at approximately $3,691,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Idelle K. Wolf sold 814 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total transaction of $65,120.00. Following the transaction, the director now owns 46,140 shares in the company, valued at $3,691,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Heideman sold 9,890 shares of A. O. Smith stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $84.63, for a total transaction of $836,990.70. Following the completion of the sale, the vice president now owns 9,455 shares of the company’s stock, valued at $800,176.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,631 shares of company stock valued at $8,042,535. Corporate insiders own 2.70% of the company’s stock.

A. O. Smith Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.54%. The ex-dividend date is Monday, April 29th. A. O. Smith’s dividend payout ratio is currently 33.16%.

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.