A. O. Smith Corporation (AOS) to Distribute Quarterly Dividend of $0.36 on August 17th

A. O. Smith Corporation (NYSE:AOS) declared a quarterly dividend on Monday, July 13th. Shareholders of record on Friday, July 31st will be paid a dividend of 0.36 per share by the industrial products company on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, July 31st.

A. O. Smith has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 31 years. A. O. Smith has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect A. O. Smith to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 35.1%.

A. O. Smith Trading Up 2.4%

Shares of NYSE:AOS opened at $60.93 on Wednesday. The business’s 50 day simple moving average is $58.88 and its 200 day simple moving average is $66.09. A. O. Smith has a 1 year low of $54.16 and a 1 year high of $81.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.00. The company has a market capitalization of $8.40 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.32 and a beta of 1.16.

A. O. Smith (NYSE:AOS) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.09). The company had revenue of $945.60 million for the quarter, compared to the consensus estimate of $974.06 million. A. O. Smith had a net margin of 13.84% and a return on equity of 28.42%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. On average, research analysts anticipate that A. O. Smith will post 3.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup decreased their target price on shares of A. O. Smith from $74.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Oppenheimer set a $75.00 price target on shares of A. O. Smith and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Robert W. Baird set a $70.00 price target on shares of A. O. Smith in a research report on Friday, May 1st. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $60.00 price objective (down from $65.00) on shares of A. O. Smith in a research note on Friday, May 15th. Finally, Weiss Ratings cut A. O. Smith from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, A. O. Smith has an average rating of “Reduce” and an average target price of $69.33.

A. O. Smith Company Profile

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.