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 per share estimates for shares of A. O. Smith in a research note issued to investors on Sunday, April 14th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings per share of $0.99 for the quarter, up from their prior estimate 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 number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group raised their target price on A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, April 12th. Stifel Nicolaus raised their price objective on A. O. Smith from $85.00 to $91.00 and gave the company a “hold” rating in a report on Wednesday. Citigroup raised their price objective on A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, StockNews.com downgraded A. O. Smith from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Four equities 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 currently has a consensus rating of “Hold” and an average target price of $88.50.

A. O. Smith Trading Up 1.2 %

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

A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $988.10 million for the quarter, compared to the consensus estimate of $985.89 million. A. O. Smith had a return on equity of 31.05% and a net margin of 14.45%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS.

A. O. Smith Dividend Announcement

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

Insider Buying and Selling at A. O. Smith

In other A. O. Smith news, Director Ajita G. Rajendra sold 24,669 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $83.02, for a total transaction of $2,048,020.38. Following the completion of the transaction, the director now directly owns 56,951 shares of the company’s stock, valued at $4,728,072.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other A. O. Smith news, Director Ajita G. Rajendra sold 60,258 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $84.51, for a total transaction of $5,092,403.58. Following the sale, the director now owns 56,951 shares in the company, valued at $4,812,929.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ajita G. Rajendra sold 24,669 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $83.02, for a total value of $2,048,020.38. Following the sale, the director now owns 56,951 shares in the company, valued at approximately $4,728,072.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,631 shares of company stock valued at $8,042,535. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On A. O. Smith

Several institutional investors have recently made changes to their positions in AOS. Norges Bank bought a new position in shares of A. O. Smith during the fourth quarter valued at about $108,176,000. KBC Group NV grew its stake in shares of A. O. Smith by 71.2% in the fourth quarter. KBC Group NV now owns 1,173,179 shares of the industrial products company’s stock worth $96,716,000 after purchasing an additional 487,742 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of A. O. Smith by 5,143.3% in the first quarter. Renaissance Technologies LLC now owns 471,900 shares of the industrial products company’s stock worth $30,150,000 after purchasing an additional 462,900 shares during the last quarter. Macquarie Group Ltd. grew 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 purchasing an additional 360,409 shares during the last quarter. Finally, Robeco Schweiz AG grew its stake 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 worth $146,694,000 after purchasing an additional 329,539 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

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.