A. O. Smith Co. (NYSE:AOS - Free Report) - DA Davidson boosted their FY2025 earnings estimates for shares of A. O. Smith in a report released on Thursday, May 1st. DA Davidson analyst M. Summerville now expects that the industrial products company will post earnings per share of $3.80 for the year, up from their prior estimate of $3.78. The consensus estimate for A. O. Smith's current full-year earnings is $3.76 per share.
Several other research analysts have also weighed in on AOS. Weiss Ratings reiterated a "hold (c)" rating on shares of A. O. Smith in a research note on Thursday, April 24th. UBS Group reduced their price objective on A. O. Smith from $80.00 to $74.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Stifel Nicolaus raised their price target on A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Robert W. Baird boosted their price target on A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Finally, Oppenheimer cut their price objective on shares of A. O. Smith from $88.00 to $84.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $76.17.
Get Our Latest Stock Analysis on AOS
A. O. Smith Stock Up 1.9 %
Shares of AOS traded up $1.26 during trading hours on Monday, reaching $68.19. The company's stock had a trading volume of 743,279 shares, compared to its average volume of 1,480,470. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.10. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 1.46 and a beta of 1.28. The company has a 50 day moving average of $65.43 and a two-hundred day moving average of $69.00. A. O. Smith has a 1-year low of $58.83 and a 1-year high of $92.44.
A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The business had revenue of $963.90 million for the quarter, compared to the consensus estimate of $950.56 million. A. O. Smith had a return on equity of 28.87% and a net margin of 13.98%. A. O. Smith's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share.
Hedge Funds Weigh In On A. O. Smith
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of A. O. Smith by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,231,084 shares of the industrial products company's stock valued at $83,972,000 after buying an additional 12,305 shares in the last quarter. Assetmark Inc. raised its stake in shares of A. O. Smith by 7.1% in the fourth quarter. Assetmark Inc. now owns 27,825 shares of the industrial products company's stock worth $1,898,000 after acquiring an additional 1,834 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of A. O. Smith by 124.5% during the fourth quarter. Private Advisor Group LLC now owns 6,694 shares of the industrial products company's stock worth $457,000 after purchasing an additional 3,712 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of A. O. Smith during the fourth quarter valued at approximately $7,015,000. Finally, American Century Companies Inc. increased its holdings in shares of A. O. Smith by 16.6% in the fourth quarter. American Century Companies Inc. now owns 122,726 shares of the industrial products company's stock valued at $8,371,000 after purchasing an additional 17,442 shares in the last quarter. Institutional investors own 76.10% of the company's stock.
Insider Buying and Selling at A. O. Smith
In other news, SVP Douglas Samuel Karge sold 419 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $65.65, for a total value of $27,507.35. Following the completion of the sale, the senior vice president now directly owns 2,749 shares of the company's stock, valued at approximately $180,471.85. This represents a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert J. Heideman sold 1,026 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $65.65, for a total transaction of $67,356.90. Following the transaction, the vice president now directly owns 8,889 shares in the company, valued at $583,562.85. This trade represents a 10.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.
A. O. Smith Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.34 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.36 dividend on an annualized basis and a yield of 1.99%. A. O. Smith's payout ratio is currently 37.99%.
About A. O. Smith
(
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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.
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