A. O. Smith Q3 Earnings Forecast Reduced by Zacks Research

A. O. Smith Corporation (NYSE:AOS) – Investment analysts at Zacks Research cut their Q3 2028 earnings per share estimates for shares of A. O. Smith in a research note issued on Tuesday, September 29th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $1.09 per share for the quarter, down from their previous forecast of $1.10. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for A. O. Smith’s current full-year earnings is $3.74 per share.

Several other research firms have also issued reports on AOS. Stifel Nicolaus reduced their price objective on shares of A. O. Smith from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Oppenheimer set a $75.00 price target on A. O. Smith and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Citigroup decreased their price target on A. O. Smith from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of A. O. Smith in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $67.75.

A. O. Smith Stock Performance

AOS stock opened at $56.65 on Friday. The firm has a 50 day moving average of $60.23 and a two-hundred day moving average of $60.84. A. O. Smith has a 12 month low of $54.16 and a 12 month high of $81.86. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 1.26 and a beta of 1.12. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.32.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $994.89 million. A. O. Smith had a return on equity of 27.88% and a net margin of 13.15%.The firm’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS.

Institutional Investors Weigh In On A. O. Smith

Hedge funds and other institutional investors have recently made changes to their positions in the business. Madison Asset Management LLC acquired a new position in A. O. Smith during the second quarter worth $92,005,000. Norges Bank acquired a new stake in shares of A. O. Smith in the 4th quarter valued at $97,101,000. Assenagon Asset Management S.A. grew its holdings in shares of A. O. Smith by 5,521.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 489,264 shares of the industrial products company’s stock worth $30,687,000 after purchasing an additional 480,561 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of A. O. Smith by 70.6% in the 1st quarter. Quantinno Capital Management LP now owns 910,117 shares of the industrial products company’s stock worth $60,013,000 after purchasing an additional 376,684 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of A. O. Smith by 273.9% during the 4th quarter. CIBC Asset Management Inc now owns 496,686 shares of the industrial products company’s stock worth $33,157,000 after purchasing an additional 363,858 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.44 dividend on an annualized basis and a yield of 2.5%. A. O. Smith’s payout ratio is currently 40.00%.

About A. O. Smith

A. O. Smith Corporation (NYSE:AOS) is a manufacturer of water heating and water treatment products for residential, commercial, and industrial applications. The company’s product portfolio includes electric and gas water heaters, boilers, storage tanks, heat pump water heaters, and related equipment and controls.

The company also provides water treatment solutions, including water softeners, filtration systems, and other products designed to improve water quality. Its products are marketed under the A.