Seaport Res Ptn Research Analysts Boost Earnings Estimates for A. O. Smith Co. (NYSE:AOS)

A. O. Smith Co. (NYSE:AOS) – Analysts at Seaport Res Ptn raised their Q1 2024 EPS estimates for shares of A. O. Smith in a research report issued to clients and investors on Sunday, April 14th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings of $1.00 per share for the quarter, up from their prior estimate of $0.99. The consensus estimate for A. O. Smith’s current full-year earnings is $4.07 per share. Seaport Res Ptn also issued estimates for A. O. Smith’s Q2 2024 earnings at $1.11 EPS, FY2024 earnings at $4.13 EPS and Q1 2025 earnings at $1.06 EPS.

Several other research analysts have also recently weighed in on AOS. Stifel Nicolaus upped their price target on shares of A. O. Smith from $74.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, December 19th. Jefferies Financial Group upped their price target on shares of A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, April 12th. StockNews.com lowered shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Finally, Citigroup upped their target price on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.67.

A. O. Smith Trading Up 0.3 %

A. O. Smith stock opened at $85.38 on Tuesday. The stock has a market cap of $12.57 billion, a P/E ratio of 23.08, a PEG ratio of 2.36 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 firm’s fifty day moving average price is $84.84 and its 200-day moving average price is $78.95. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. A. O. Smith had a net margin of 14.45% and a return on equity of 31.05%. The business had revenue of $988.10 million for the quarter, compared to analysts’ expectations of $985.89 million. During the same quarter in the previous year, the firm posted $0.86 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year.

Hedge Funds Weigh In On A. O. Smith

A number of institutional investors have recently bought and sold shares of AOS. Artemis Wealth Advisors LLC bought a new position in shares of A. O. Smith during the third quarter valued at approximately $37,000. FinTrust Capital Advisors LLC increased its stake in shares of A. O. Smith by 628.0% during the third quarter. FinTrust Capital Advisors LLC now owns 597 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 515 shares in the last quarter. Addison Advisors LLC increased its stake in shares of A. O. Smith by 36.1% during the third quarter. Addison Advisors LLC now owns 712 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 189 shares in the last quarter. Private Trust Co. NA increased its stake in shares of A. O. Smith by 393.1% during the third quarter. Private Trust Co. NA now owns 858 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 684 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in shares of A. O. Smith during the second quarter valued at approximately $66,000. 76.10% of the stock is owned by institutional investors.

Insider Transactions at A. O. Smith

In other news, VP Robert J. Heideman sold 9,890 shares of the stock in a transaction dated Tuesday, March 5th. The shares were 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 directly owns 9,455 shares in the company, valued at $800,176.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Ajita G. Rajendra sold 60,258 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $84.51, for a total value of $5,092,403.58. Following the completion of the transaction, the director now directly owns 56,951 shares of the company’s stock, valued at $4,812,929.01. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert J. Heideman sold 9,890 shares of the stock in a transaction dated 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 transaction, the vice president now directly 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 ninety days, insiders sold 95,631 shares of company stock worth $8,042,535. Company insiders own 2.70% of the company’s stock.

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued 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 dividend yield of 1.50%. A. O. Smith’s dividend payout ratio is currently 34.59%.

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.