A. O. Smith Co. (NYSE:AOS) – Research analysts at DA Davidson issued their Q2 2021 EPS estimates for shares of A. O. Smith in a research report issued to clients and investors on Monday, May 3rd. DA Davidson analyst M. Summerville expects that the industrial products company will earn $0.59 per share for the quarter. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for A. O. Smith’s FY2021 earnings at $2.65 EPS and FY2022 earnings at $3.10 EPS.
Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus cut shares of A. O. Smith from a “buy” rating to a “hold” rating and boosted their price objective for the company from $65.00 to $67.00 in a research report on Monday, April 5th. Zacks Investment Research upgraded A. O. Smith from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Tuesday, March 30th. Rosenblatt Securities upped their price objective on A. O. Smith from $78.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday. Finally, The Goldman Sachs Group lifted their target price on A. O. Smith from $35.00 to $40.00 and gave the company a “sell” rating in a research report on Friday, April 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. A. O. Smith has an average rating of “Hold” and a consensus price target of $58.56.
A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Wednesday, April 28th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. A. O. Smith had a return on equity of 19.29% and a net margin of 11.25%. The business had revenue of $769.00 million for the quarter, compared to analysts’ expectations of $768.60 million. During the same quarter in the previous year, the business posted $0.32 EPS. A. O. Smith’s revenue for the quarter was up 20.7% on a year-over-year basis.
A number of institutional investors have recently made changes to their positions in AOS. Canada Pension Plan Investment Board acquired a new position in shares of A. O. Smith in the fourth quarter valued at $27,000. Signaturefd LLC raised its holdings in A. O. Smith by 67.7% in the 4th quarter. Signaturefd LLC now owns 520 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 210 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in A. O. Smith during the fourth quarter worth approximately $29,000. Alpha Paradigm Partners LLC bought a new stake in shares of A. O. Smith during the fourth quarter worth approximately $51,000. Finally, Vantage Consulting Group Inc acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $57,000. 75.05% of the stock is owned by institutional investors and hedge funds.
In other A. O. Smith news, SVP Wallace E. Goodwin sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $70.00, for a total transaction of $140,000.00. Following the transaction, the senior vice president now owns 9,501 shares of the company’s stock, valued at $665,070. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Idelle K. Wolf sold 1,970 shares of the company’s stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $61.64, for a total value of $121,430.80. Following the completion of the sale, the director now owns 7,642 shares in the company, valued at approximately $471,052.88. The disclosure for this sale can be found here. Insiders have sold 105,006 shares of company stock worth $7,130,344 over the last ninety days. Insiders own 0.29% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Friday, April 30th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, April 29th. This represents a $1.04 dividend on an annualized basis and a yield of 1.45%. A. O. Smith’s payout ratio is 46.85%.
A. O. Smith Company Profile
A. O. Smith Corporation manufactures and markets residential and commercial gas 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; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.
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