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

A. O. Smith Co. (NYSE:AOS) – Analysts at DA Davidson issued their Q2 2024 EPS estimates for A. O. Smith in a research report issued on Friday, April 26th. DA Davidson analyst M. Summerville forecasts that the industrial products company will earn $1.07 per share 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.

A number of other analysts have also recently issued reports on AOS. Robert W. Baird increased their price objective on A. O. Smith from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday. StockNews.com cut shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Jefferies Financial Group upped their target price 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. Stifel Nicolaus cut their price target on shares of A. O. Smith from $91.00 to $90.00 and set a “hold” rating for the company in a report on Friday. Finally, Citigroup upped their price target on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $90.67.

A. O. Smith Price Performance

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

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

A. O. Smith Announces Dividend

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

Insider Activity

In related news, Director Ajita G. Rajendra sold 60,258 shares of the company’s stock in a transaction on 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 in the company, valued at $4,812,929.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Ajita G. Rajendra sold 60,258 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 56,951 shares of the company’s stock, valued at approximately $4,812,929.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Idelle K. Wolf sold 814 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 95,631 shares of company stock worth $8,042,535. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On A. O. Smith

A number of large investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC increased its stake in A. O. Smith by 628.0% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 597 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 515 shares during the period. Addison Advisors LLC increased its stake in shares of A. O. Smith by 36.1% in the third quarter. Addison Advisors LLC now owns 712 shares of the industrial products company’s stock worth $47,000 after buying an additional 189 shares during the period. Private Trust Co. NA raised its holdings in A. O. Smith by 393.1% during the 3rd quarter. Private Trust Co. NA now owns 858 shares of the industrial products company’s stock valued at $57,000 after buying an additional 684 shares during the last quarter. Covestor Ltd boosted its position in A. O. Smith by 39.2% during the 3rd quarter. Covestor Ltd now owns 1,203 shares of the industrial products company’s stock valued at $79,000 after buying an additional 339 shares during the period. Finally, Signaturefd LLC boosted its position in A. O. Smith by 25.5% during the 4th quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock valued at $79,000 after buying an additional 195 shares during the period. 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.