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

A. O. Smith Corporation (NYSE:AOS) declared a quarterly dividend on Thursday, January 15th. Investors of record on Friday, January 30th will be given a dividend of 0.36 per share by the industrial products company on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, January 30th.

A. O. Smith has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 31 years. A. O. Smith has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect A. O. Smith to earn $4.20 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 34.3%.

A. O. Smith Price Performance

Shares of NYSE AOS opened at $72.47 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.54 and a quick ratio of 0.95. The firm has a market capitalization of $10.09 billion, a PE ratio of 19.53, a P/E/G ratio of 1.46 and a beta of 1.35. A. O. Smith has a 1-year low of $58.83 and a 1-year high of $77.31. The business’s fifty day moving average price is $67.40 and its two-hundred day moving average price is $69.47.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results 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. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. The business had revenue of $942.50 million during the quarter, compared to analyst estimates of $946.33 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. On average, research analysts expect that A. O. Smith will post 3.76 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AOS shares. Wall Street Zen raised A. O. Smith from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. DA Davidson restated a “neutral” rating and issued a $75.00 target price on shares of A. O. Smith in a research report on Thursday, November 13th. Jefferies Financial Group set a $75.00 price target on A. O. Smith and gave the stock a “hold” rating in a research report on Friday, January 9th. Robert W. Baird set a $76.00 price target on A. O. Smith in a research note on Wednesday, October 29th. Finally, Citigroup cut 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 research note 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $76.50.

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.