Zacks Research Increases Earnings Estimates for A. O. Smith

A. O. Smith Corporation (NYSE:AOS) – Equities researchers at Zacks Research increased their Q3 2027 earnings per share estimates for A. O. Smith in a research report issued on Wednesday, January 21st. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $1.11 per share for the quarter, up from their prior estimate of $1.10. The consensus estimate for A. O. Smith’s current full-year earnings is $3.76 per share.

A number of other analysts have also commented on AOS. Stifel Nicolaus set a $80.00 target price on A. O. Smith and gave the company a “buy” rating in a research report on Wednesday, October 29th. DA Davidson restated a “neutral” rating and set a $75.00 price objective on shares of A. O. Smith in a report on Thursday, November 13th. Wall Street Zen upgraded A. O. Smith from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Robert W. Baird set a $76.00 price target on shares of A. O. Smith in a research report on Wednesday, October 29th. Finally, Citigroup lowered their price objective on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $76.50.

A. O. Smith Trading Down 1.8%

AOS opened at $71.12 on Monday. The company has a fifty day moving average price of $68.19 and a two-hundred day moving average price of $69.63. A. O. Smith has a 1-year low of $58.83 and a 1-year high of $77.31. The company has a market cap of $9.90 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.47 and a beta of 1.35. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.09.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.89 by $0.05. The company had revenue of $942.50 million during the quarter, compared to the consensus estimate of $946.33 million. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS.

Institutional Investors Weigh In On A. O. Smith

Several large investors have recently added to or reduced their stakes in AOS. Norges Bank purchased a new position in A. O. Smith during the 2nd quarter valued at about $91,939,000. American Century Companies Inc. lifted its position in shares of A. O. Smith by 54.2% in the 3rd quarter. American Century Companies Inc. now owns 3,208,831 shares of the industrial products company’s stock worth $235,560,000 after purchasing an additional 1,128,543 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of A. O. Smith by 655.5% during the second quarter. Qube Research & Technologies Ltd now owns 710,716 shares of the industrial products company’s stock valued at $46,602,000 after purchasing an additional 616,638 shares in the last quarter. Caisse de depot et placement du Quebec increased its holdings in A. O. Smith by 530.1% during the third quarter. Caisse de depot et placement du Quebec now owns 633,407 shares of the industrial products company’s stock valued at $46,498,000 after buying an additional 532,875 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in A. O. Smith by 521.1% in the second quarter. The Manufacturers Life Insurance Company now owns 581,070 shares of the industrial products company’s stock worth $38,101,000 after buying an additional 487,513 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

A. O. Smith Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, January 30th. A. O. Smith’s dividend payout ratio (DPR) is currently 38.81%.

About A. O. Smith

A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.

The company operates through two primary segments: North America and Asia.