A. O. Smith (NYSE:AOS – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $3.35-$3.55 for the period, compared to the consensus EPS estimate of $3.50. The company issued revenue guidance of $3.96 billion-$4.04 billion, compared to the consensus revenue estimate of $4.04 billion.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on AOS shares. William Blair downgraded shares of A. O. Smith from an outperform rating to a market perform rating in a report on Sunday, May 1st. Stifel Nicolaus cut their price objective on shares of A. O. Smith from $59.00 to $58.00 in a report on Wednesday, July 20th. Robert W. Baird cut shares of A. O. Smith from an outperform rating to a neutral rating and cut their price objective for the stock from $72.00 to $60.00 in a report on Thursday, July 14th. StockNews.com upgraded shares of A. O. Smith from a hold rating to a buy rating in a research note on Tuesday, May 17th. Finally, Northcoast Research assumed coverage on shares of A. O. Smith in a research note on Monday, July 18th. They issued a buy rating on the stock. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $70.60.
A. O. Smith Stock Down 1.1 %
Shares of A. O. Smith stock opened at $60.60 on Friday. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.95 and a beta of 1.19. The company’s 50 day moving average is $57.84 and its 200 day moving average is $63.58. A. O. Smith has a twelve month low of $51.91 and a twelve month 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.
A. O. Smith Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be issued a $0.28 dividend. The ex-dividend date is Thursday, July 28th. This represents a $1.12 annualized dividend and a dividend yield of 1.85%. A. O. Smith’s dividend payout ratio (DPR) is presently 34.36%.
Institutional Investors Weigh In On A. O. Smith
Institutional investors have recently made changes to their positions in the company. Covestor Ltd lifted its holdings in shares of A. O. Smith by 48.7% in the 1st quarter. Covestor Ltd now owns 1,721 shares of the industrial products company’s stock worth $110,000 after acquiring an additional 564 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in A. O. Smith by 1,248.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,900 shares of the industrial products company’s stock valued at $185,000 after buying an additional 2,685 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in A. O. Smith during the 1st quarter valued at about $257,000. Industrial Alliance Investment Management Inc. lifted its holdings in A. O. Smith by 45.9% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 4,280 shares of the industrial products company’s stock valued at $273,000 after buying an additional 1,346 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in A. O. Smith by 4.9% during the 1st quarter. Raymond James Trust N.A. now owns 4,351 shares of the industrial products company’s stock valued at $278,000 after buying an additional 205 shares in the last quarter. Institutional investors own 76.55% of the company’s stock.
A. O. Smith Company Profile
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.
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