A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides food and beverage filtration products; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and heat pumps, electric wall-hung, gas tankless, combi-boiler, heat pump and solar water heaters. The company offers its products primarily under the A. O. Smith, State, Lochinvar, and water softener brands. It distributes its products through independent wholesale plumbing distributors, as well as through retail channels consisting of hardware and home center chains, and manufacturer representative firms; and offers Aquasana branded products directly to consumers through e-commerce, as well as other online retailers. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin.
Analyst Upgrades and Downgrades
A number of research firms recently commented on AOS. William Blair cut A. O. Smith from an "outperform" rating to a "market perform" rating in a report on Sunday, May 1st. UBS Group dropped their target price on shares of A. O. Smith from $85.00 to $64.00 and set a "neutral" rating for the company in a research report on Friday, May 20th. Northcoast Research started coverage on shares of A. O. Smith in a report on Monday, July 18th. They issued a "buy" rating on the stock. StockNews.com raised shares of A. O. Smith from a "hold" rating to a "buy" rating in a report on Tuesday, May 17th. Finally, Robert W. Baird cut A. O. Smith from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $72.00 to $60.00 in a report on Thursday, July 14th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $70.60.
A. O. Smith Stock Performance
Shares of NYSE:AOS opened at $63.87 on Monday. The firm has a fifty day simple moving average of $57.96 and a two-hundred day simple moving average of $62.86. A. O. Smith has a 52 week low of $51.91 and a 52 week high of $86.74. The company has a quick ratio of 1.23, a current ratio of 1.76 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $9.86 billion, a P/E ratio of 19.59, a PEG ratio of 2.04 and a beta of 1.19.
A. O. Smith (NYSE:AOS - Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The industrial products company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.01. A. O. Smith had a net margin of 13.42% and a return on equity of 28.47%. The firm had revenue of $965.90 million during the quarter, compared to the consensus estimate of $959.82 million. During the same quarter last year, the firm earned $0.73 EPS. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts expect that A. O. Smith will post 3.49 earnings per share for the current fiscal year.
A. O. Smith Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 29th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, July 28th. This represents a $1.12 annualized dividend and a yield of 1.75%. A. O. Smith's payout ratio is presently 34.36%.