AOS - AOS

L'intérêt à découvert pour A.O. Smith donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de A.O. Smith. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

A.O. Smith (NYSE:AOS) Stock, Rapport sur les intérêts à découvert

A.O. Smith

A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.

A.O. Smith Corp

Alpha and Omega Semiconductor Limited - Common Shares

Alpha & Omega Semiconductor Ltd

The dividend is payable on&nbsp;Friday, November 15&nbsp;to shareholders of record&nbsp;October 31, 2024.

News

Dividends

Reported Earlier, A. O. Smith Raised Its Quarterly Dividend By 6% To $0.34/Share, Payable November 15

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Shares of housing-related stocks are trading higher after the Fed policy decision to cut rates by 50 basis points, which could help curb housing unaffordability and increase demand.

Applied Industrial Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) is scheduled to release fourth-quarter fiscal 2024 (ended June 2024) results on Aug 15, before market open.
The Zacks Consensus Estimate for fiscal fourth-quarter earnings has been unchanged in the past 60 days. The company has an impressive earnings surprise history, having beat the consensus estimate in each of the preceding four quarters, the average surprise being 8.2%.
The consensus estimate for revenues is pegged at $1.19 billion, indicating an increase of 2.5% from the year-ago quarter&#39;s reported figure. The consensus estimate for adjusted earnings is pinned at $2.52 per share, suggesting an increase of 7.2% from the year-ago quarter&#39;s reported figure.
Let&#39;s see how things have shaped up for AIT this earnings season.
<h3>Factors to Note</h3>
A strong market position, sales initiatives and growth across national customer accounts are likely to have supported the Service Center Based Distribution segment. The increase in demand for technical MRO support and fluid power MRO services across the U.S. manufacturing sector, driven by growing digitization and higher investment in maintenance operations, is likely to have aided the segment&#39;s revenues. We expect the segment&#39;s revenues to be $812.4 million, implying an increase of 3.9% from the year-ago number.
Focus on improving the product line, value-added services and initiatives to drive operational excellence are expected to have driven AIT&#39;s top line. Also, the company&#39;s investments to expand automation, industrial Internet of Things and digital offerings like smart vision and mobile robots are likely to have been advantageous.
The September 2023 acquisition of Bearing Distributors and Cangro, which enhanced AIT&#39;s footprint and strategic growth initiatives across the U.S. Southeast and upper Northeast region, is expected to have bolstered its top-line performance. We expect the company&#39;s total revenues to be $1.2 billion, indicating an increase of 2.9% from the year-ago reported figure. Adjusted earnings are expected to be $2.54 per share, indicating a 7.9% increase from the year-ago quarter&#39;s reported number.
However, AIT is expected to have put up a weak show across the Engineered Solutions segment due to a decrease in demand across the OEM channel as a result of the reduced shipment of off-highway mobile and fluid power components.
Rising selling, distribution and administrative expenses, due to higher deferred compensation costs, are likely to have dented Applied Industrial&#39;s bottom line. Also, rising costs of sales, due to an increase in raw material and labor costs, are expected to hurt the company&#39;s results.
<div class="chart_embed">
<h3>Applied Industrial Technologies, Inc. Price and EPS Surprise</h3>
<h3><img alt="Applied Industrial Technologies, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e2/1723646445.png" style="height:263px; width:545px" title="" /></h3>
Applied Industrial Technologies, Inc. price-eps-surprise | Applied Industrial Technologies, Inc. Quote
</div>
<h3>Earnings Whispers</h3>
Our proven model does not conclusively predict an earnings beat for AIT this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below.
Earnings ESP: Applied Industrial has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $2.52.
Zacks Rank: Applied Industrial presently carries a Zacks Rank of 2.
<h3>Performances of Other Industrial Companies</h3>
Pentair plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnr#NYSE">PNR</a>) reported second-quarter adjusted earnings per share of $1.22, which beat the Zacks Consensus Estimate of $1.15. The reported figure also improved 18% from the year-ago quarter.&nbsp;
Net sales rose 1.6% year over year to $1.1 billion. PNR&#39;s top line outpaced the Zacks Consensus Estimate of $1.09 billion.
Crown Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cck#NYSE">CCK</a>) reported second-quarter adjusted earnings per share of $1.81, which beat the Zacks Consensus Estimate of $1.59. The bottom line improved 8% year over year.
Net sales totaled $3.04 billion, down 2.2% from the year-ago quarter. The top line missed the Zacks Consensus Estimate of $3.06 billion.
A. O. Smith Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aos#NYSE">AOS</a>) second-quarter adjusted earnings of $1.06 per share missed the Zacks Consensus Estimate of $1.07. However, the bottom line increased 5% on a year-over-year basis.
Net sales of $1.02 billion surpassed the consensus estimate of $992 million. The top line increased 7% year over year, driven by the strong demand for residential and commercial water heaters in North America.
<a href="https://www.zacks.com/stock/news/2322188/what-s-in-store-for-applied-industrial-ait-in-q4-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2322188">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

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Mid Cap

Markets

Analyst Ratings

Tech

Trading Ideas

What's in Store for Applied Industrial in Q4 Earnings?

The Middleby Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/midd#NASDAQ">MIDD</a>) reported second-quarter 2024 adjusted earnings of $2.39 per share, which beat the Zacks Consensus Estimate of $2.27. The bottom line decreased 3.6% year over year due to lower sales.
Net sales of $992 million beat the consensus estimate of $989 million. The top line dipped 4.7% year over year. Organic revenues decreased 4.8%. Acquired assets boosted sales by 0.3% while movements in foreign currencies had a negative impact of 0.2%.
<h3>Segmental Results</h3>
Sales from the Commercial Foodservice Equipment Group segment (representing 62.5% of net sales) were $619.4 million, down 4.1% year over year. Our estimate was $624.7 million. Organic sales decreased 3.9%. Buyouts had a positive impact of 0.1% while adverse foreign-currency translation lowered sales by 0.2%.
Sales from the Residential Kitchen Equipment Group segment (19.4%) totaled $192.8 million, down 6.2% year over year. Our estimate was $186.9 million. Organic sales plunged 6.7%. Buyouts boosted sales by 0.5%.
Sales from the Food Processing Equipment Group segment (18.1%) summed $179.4 million, down 4.9% year over year. We expected the metric to be $177.3 million. Organic sales decreased 5.7% year over year. Acquisitions boosted sales by 1% while foreign currency movements had an unfavorable impact of 0.3%.
<div class="chart_embed">
<h3>The Middleby Corporation Price and EPS Surprise</h3>
<h3><img alt="The Middleby Corporation Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/eb/1722611591.png" style="height:263px; width:545px" title="" /></h3>
The Middleby Corporation price-eps-surprise | The Middleby Corporation Quote
</div>
<h3>Margin Profile</h3>
Middleby&#39;s cost of sales decreased 5.4% year over year to $611.9 million. Gross profit fell 3.5% to $379.6 million. The gross margin increased to 38.3% from 37.8% in the year-ago quarter.
Selling, general and administrative expenses decreased 2.4% year over year to $198.6 million. Operating income declined 4.9% year over year to $175.7 million. Operating margin decreased 10 basis points (bps) to 17.7%.
Adjusted EBITDA declined 5.6% year over year to $216.4 million. Adjusted EBITDA margin fell 20 bps to 21.8%.
<h3>Balance Sheet and Cash Flow</h3>
Exiting the second quarter, Middleby had cash and cash equivalents of $459.5 million compared with $247.5 million at the end of December 2023. Long-term debt was $2.36 billion at the end of the second quarter compared with $2.38 billion at 2023-end.
In the first six months of 2024, Middleby generated net cash of $290.4 million from operating activities compared with $154 million a year ago. Capital expenditure totaled $24.7 million compared with $48.3 million in the prior-year quarter. Free cash flow was $265.7 million in the first six months of the year compared with $105.6 million in the year-earlier quarter.
<h3>Zacks Rank</h3>
The company currently carries a Zacks Rank #3 (Hold).
<h3>Performance of Other Industrial Companies</h3>
Pentair plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnr#NYSE">PNR</a>) reported second-quarter adjusted earnings per share of $1.22, which beat the Zacks Consensus Estimate of $1.15. The reported figure also improved 18% from the year-ago quarter.
Net sales rose 1.6% year over year to $1.1 billion. PNR&#39;s top line outpaced the Zacks Consensus Estimate of $1.09 billion.&nbsp;
Crown Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cck#NYSE">CCK</a>) reported second-quarter adjusted earnings per share of $1.81, which beat the Zacks Consensus Estimate of $1.59. The bottom line improved 8% year over year.
Net sales totaled $3.04 billion, down 2.2% from the year-ago quarter. The top line missed the Zacks Consensus Estimate of $3.06 billion.
A. O. Smith Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aos#NYSE">AOS</a>) second-quarter adjusted earnings of $1.06 per share missed the Zacks Consensus Estimate of $1.07. However, the bottom line increased 5% on a year-over-year basis.
Net sales of $1.02 billion surpassed the consensus estimate of $992 million. The top line increased 7% year over year, driven by strong demand for residential and commercial water heaters in North America.
<a href="https://www.zacks.com/stock/news/2315537/middleby-midd-q2-earnings-beat-estimates-sales-down-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2315537">To read this article on Zacks.com click here.</a>

MIDD

Middleby Q2 Earnings Beat Estimates, Sales Down Y/Y

On July 31, a recent SEC filing unveiled that Ronald D Brown, Director at A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) made an insider sell.
What Happened: Brown's decision to sell 3,631 shares of A.O. Smith was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000091142/000009114224000155//Archives/edgar/data/91142/000009114224000155/0000091142-24-000155-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $311,071.
Monitoring the market, A.O. Smith's shares up by 0.39% at $85.37 during Thursday's morning.
<h3>About A.O. Smith</h3>
A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.
<h3>Financial Milestones: A.O. Smith's Journey</h3>
Revenue Growth: Over the 3 months period, A.O. Smith showcased positive performance, achieving a revenue growth rate of 6.61% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 38.66%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, A.O. Smith exhibits below-average bottom-line performance with a current EPS of 1.07.
</li>
</ul>
Debt Management: A.O. Smith's debt-to-equity ratio is below the industry average. With a ratio of 0.09, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 21.97 is lower than the industry average, implying a discounted valuation for A.O. Smith's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 3.23 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 14.71 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>Why Insider Activity Matters in Finance</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000091142">Check Out The Full List Of A.O. Smith's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Director Of A.O. Smith Sold $311K In Stock

Allegion plc&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alle#NYSE">ALLE</a>) second-quarter 2024 adjusted earnings of $1.96 per share beat the Zacks Consensus Estimate of $1.77. The bottom line increased 11.4% year over year.
<h3>Revenue Details</h3>
Allegion&#39;s revenues were $965.6 million, which increased 5.8% year over year. Organic revenues increased 5.2% driven by price realization and volume growth. The company&#39;s revenues beat the Zacks Consensus Estimate of $944 million.
Acquired assets boosted revenues by 0.9%. Forex woes left a negative impact of 0.3% on revenues.
ALLE reports revenues under two segments. A brief discussion of quarterly results is provided below:
Revenues from Allegion Americas increased 6% year over year to $770.7 million. The figure accounted for 79.8% of the quarter&#39;s revenues. Our estimate for segmental revenues was $751.4 million.
Operating income for the segment was $214.3 million, up 9.7% year over year. Our estimate was $226.0 million.
Revenues from Allegion International were $194.9 million, up 5.2% year over year. The metric accounted for 20.2% of the quarter&#39;s revenues. Our estimate for segmental revenues was $192.9 million.
Segmental operating income was $17.7 million, up 27.3% year over year. Our estimate was $22.1 million.
<div class="chart_embed">
<h3>Allegion PLC Price, Consensus and EPS Surprise</h3>
<h3><img alt="Allegion PLC Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/33/1721833859.png" style="height:265px; width:584px" title="" /></h3>
Allegion PLC price-consensus-eps-surprise-chart | Allegion PLC Quote
</div>
<h3>Margin Profile</h3>
In the reported quarter, Allegion&#39;s cost of revenues increased 5.2% year over year to $537.3 million. Gross profit was $428.3 million, up 6.6% year over year, while the gross margin jumped 40 basis points (bps) to 44.4%.
Selling and administrative expenses inched up approximately 1% year over year to $219.3 million. Adjusted EBITDA was $236.5 million, reflecting a year-over-year increase of 10.5%. The margin grew 130 bps year over year to 30.7%.
Adjusted operating income increased 12.8% year over year to $228.6 million. The adjusted margin was 23.7%, up 150 bps. Interest expenses were $25.1 million, up 5.9% year over year. The effective tax rate was 17.8%, up from 12.6% in the year-ago quarter.
<h3>Balance Sheet and Cash Flow</h3>
While exiting the second quarter, Allegion had cash and cash equivalents of $747.5 million compared with $468.1 million at the end of fourth-quarter 2023. Long-term debt was $2 billion compared with $1.6 billion at the end of fourth-quarter 2023.
In the first six months of 2024, ALLE generated net cash of $224.1 million from operating activities, reflecting a decrease of 2.6% year over year. Capital expenditure was $48.1 million, up 20.3% year over year. The available cash flow was $176 million.
Allegion repurchased shares for $80 million. Dividends paid out totaled $83.8 million, reflecting an increase of 5.7% year over year.
<h3>2024 Outlook Raised</h3>
ALLE now expects revenues to increase 2.5-3.5% from the year-ago levels compared with 1.5-3.5% increase anticipated earlier. The company anticipates organic revenues to grow in the range of 1.5-2.5%.
Management projects earnings of $6.50-$6.65 per share on a reported basis compared with the prior expected range of $6.45-$6.60. Adjusted earnings are projected to be in the range of $7.15-$7.30 per share compared with the prior expected range of $7.00-$7.15. The consensus estimate for earnings is pegged at $7.09 per share.
The company estimates available cash flow to be in the range of $540-$570 million. The adjusted effective tax rate is estimated in the 18-19% band.
<h3>Zacks Rank</h3>
The company currently carries a Zacks Rank #2 (Buy).
<h3>Performance of Other Industrial Companies</h3>
Pentair plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnr#NYSE">PNR</a>) reported second-quarter adjusted earnings per share of $1.22, which beat the Zacks Consensus Estimate of $1.15. The reported figure also improved 18% from the year-ago quarter.
Net revenues rose 1.6% year over year to $1.1 billion. PNR&#39;s top line outpaced the Zacks Consensus Estimate of $1.09 billion.&nbsp;
Crown Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cck#NYSE">CCK</a>) reported second-quarter adjusted earnings per share of $1.81, which beat the Zacks Consensus Estimate of $1.59. The bottom line improved 8% year over year.
Net revenues totaled $3.04 billion, down 2.2% from the year-ago quarter. The top line missed the Zacks Consensus Estimate of $3.06 billion.
A. O. Smith Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aos#NYSE">AOS</a>) second-quarter adjusted earnings of $1.06 per share missed the Zacks Consensus Estimate of $1.07. However, the bottom line increased 5% on a year-over-year basis.
Net revenues of $1.02 billion surpassed the consensus estimate of $992 million. The top line increased 7% year over year, driven by strong demand for residential and commercial water heaters in North America.
<a href="https://www.zacks.com/stock/news/2308187/allegion-alle-q2-earnings-top-estimates-revenues-up-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2308187">To read this article on Zacks.com click here.</a>

ALLE

Allegion Q2 Earnings Top Estimates, Revenues Up Y/Y

Baird analyst Michael Halloran maintains A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) with a Neutral and lowers the price target from $92 to $90.

Price Target

Baird Maintains Neutral on A.O. Smith, Lowers Price Target to $90

Analysts' ratings for A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $90.4, with a high estimate of $98.00 and a low estimate of $75.00. This upward trend is apparent, with the current average reflecting a 3.43% increase from the previous average price target of $87.40.
<img src="https://www.benzinga.com/files/images/story/2024/1721822482_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of A.O. Smith among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$98.00</td>
<td>$97.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$97.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Damian Karas</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$75.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$90.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$92.00</td>
<td>$86.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to A.O. Smith. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of A.O. Smith compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for A.O. Smith's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into A.O. Smith's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AOS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on A.O. Smith analyst ratings.</a>
<h2>Discovering A.O. Smith: A Closer Look</h2>
A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.
<h3>Breaking Down A.O. Smith's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, A.O. Smith showcased positive performance, achieving a revenue growth rate of 1.28% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 15.08%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): A.O. Smith's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 7.92%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): A.O. Smith's ROA stands out, surpassing industry averages. With an impressive ROA of 4.62%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: A.O. Smith's debt-to-equity ratio is below the industry average at 0.08, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A.O. Smith Stock: A Deep Dive Into Analyst Perspectives (5 Ratings)

Stifel analyst Nathan Jones upgrades A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) from Hold to Buy and raises the price target from $97 to $98.

Upgrades

Stifel Upgrades A.O. Smith to Buy, Raises Price Target to $98

Shares of Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) fell sharply during Tuesday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/39908857/comcasts-q2-earnings-studios-and-theme-parks-pull-revenue-lower-broadband-and-video-subs-fall">second-quarter sales results</a>.
Comcast reported second-quarter revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion.The company reported adjusted EPS of $1.21, beating analyst consensus estimates of $1.12, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Comcast shares declined 6.1% to $37.12 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Azitra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZTR#NYSE">AZTR</a>) shares jumped 529% to $10.19 after the company announced that the U.S. Patent and Trademark Office granted it U.S. Patent No. 12,036,248 for the treatment of atopic dermatitis.</li>
<li>Adial Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADIL#NASDAQ">ADIL</a>) jumped 148% to $2.6299 after the company announced it advanced into the second cohort and commenced dosing for the Pharmacokinetics Study of AD04 for alcohol use disorder.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) gained 111% to $3.2540.</li>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) shares climbed 67% to $0.2390.</li>
<li>Smart for Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) rose 45% to $2.7950.</li>
<li>Dermata Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRMA#NASDAQ">DRMA</a>) gained 43% to $2.41.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) jumped 36.5% to $4.60.</li>
<li>Volato Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#NYSE">SOAR</a>) gained 33.5% to $0.6385 after jumping around 20% on Monday.</li>
<li>Frequency Electronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEIM#NASDAQ">FEIM</a>) shares climbed 30% to $13.11 following fourth-quarter earnings. Also, the company declared a $1.00 special cash dividend.</li>
<li>Mammoth Energy Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TUSK#NASDAQ">TUSK</a>) gained 26% to $4.42 after the company announced its subsidiary, Cobra Acquisitions, entered into a release and settlement agreement with the Puerto Rico Electric Power Authority.</li>
<li>iClick Interactive Asia Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLK#NASDAQ">ICLK</a>) rose 23.5% to $2.05.</li>
<li>1847 Holdings LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#NYSE">EFSH</a>) jumped 19.3% to $2.90.</li>
<li>Milestone Scientific Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLSS#NYSE">MLSS</a>) gained 17.5% to $1.02 after the company announced the Medicare price assignment for its CompuFlo Epidural System.</li>
<li>Staffing 360 Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) gained 16% to $2.1493.</li>
<li>Kiniksa Pharmaceuticals International, plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) rose 16% to $24.81 after the company reported better-than-expected second-quarter sales results and raised its FY24 net product revenue guidance.</li>
<li>Aeva Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEVA#NYSE">AEVA</a>) gained 15.1% to $3.6713.</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) jumped 12.7% to $333.02 following second-quarter earnings.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) gained 11.8% to $12.34.</li>
<li>PureCycle Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCT#NASDAQ">PCT</a>) rose 11.8% to $6.90.</li>
<li>MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) gained 11.1% to $561.96 following better-than-expected second-quarter financial results.</li>
<li>Crown Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) rose 8.5% to $84.04 after the company reported better-than-expected second-quarter earnings and raised its FY24 EPS guidance above estimates.</li>
<li>MakeMyTrip Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) gained 8% to $96.75 following better-than-expected quarterly earnings.</li>
<li>Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) gained 8% to $16.51 as the company released preliminary second quarter 2024 financial results and signed a definitive agreement to acquire Rotech Healthcare for $1.36 billion in cash.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) shares surged 8% to $8.15. Mesoblast recently started enrollment in Phase 3 trial of Rexlemestrocel-L for chronic low back pain.</li>
<li>Pentair plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) climbed 7.7% to $86.19 after the company reported better-than-expected second quarter financial results and revised its FY24 adjusted EPS guidance above estimates.</li>
<li>Danaher Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) gained 7.4% to $269.35 after the company reported better-than-expected second quarter earnings.</li>
<li>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) gained 6.4% to $173.21 after the company reported better-than-expected second quarter adjusted EPS and raised its FY24 outlook.</li>
<li>SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) rose 6% to $0.2390 after the company reported second-quarter financial results.</li>
<li>Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) gained 5.4% to $52.12 after posting better-than-expected quarterly results on Monday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Jaguar Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAGX#NASDAQ">JAGX</a>) shares dipped 65% to $1.50 after the company announced its phase 3 OnTarget trial results for Crofelemer did not meet its primary endpoint.</li>
<li>TransCode Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAZ#NASDAQ">RNAZ</a>) dipped 62.2% to $0.2999 after the company announced a proposed public offering.</li>
<li>Fly-E Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) tumbled 59.2% to $2.60.</li>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) shares dipped 50.3% to $2.4636. MIRA Pharmaceuticals shares jumped 627% on Monday after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2.</li>
<li>CareMax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMAX#NASDAQ">CMAX</a>) shares fell 38.3% to $3.1851 after surging 228% on Monday.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) dipped 32.4% to $0.0250.</li>
<li>PS International Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) fell 32.2% to $1.83.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) fell 31.1% to $0.3440.</li>
<li>Cellectar Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRB#NASDAQ">CLRB</a>) dipped 26.2% to $2.23. The company announced results from its CLOVER WaM pivotal study evaluating iopofosine I 131.</li>
<li>Crown LNG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) fell 23% to $0.77.</li>
<li>Castellum, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTM#NYSE">CTM</a>) fell 20% to $0.1594. Castellum recently announced a new strategic alliance with Krilla Kaleiwahea.</li>
<li>Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) fell 17.3% to $0.0926 after gaining around 8% on Monday.</li>
<li>Medpace Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) shares declined 16.6% to $364.00 after the company reported mixed second-quarter financial results and narrowed its FY24 revenue guidance with its midpoint below estimates.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) dipped 15.2% to $16.48.</li>
<li>United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) fell 13.2% to $126.04 after the company reported worse-than-expected quarterly financial results.</li>
<li>Nukkleus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>) shares fell 10% to $0.4479 after gaining over 55% on Monday.</li>
<li>NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) shares fell 9.5% to $256.55 following mixed second-quarter earnings.</li>
<li>New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) dipped 9.2% to $23.28.</li>
<li>PACCAR Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) fell 8.4% to $99.92 after the company reported worse-than-expected second-quarter financial results.</li>
<li>A. O. Smith Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) declined 8.4% to $81.30. The company reported second-quarter financial results.</li>
<li>WEBTOON Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBTN#NASDAQ">WBTN</a>) dipped 7.7% to $22.00.</li>
<li>Polaris Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) declined 7.2% to $76.23 after the company reported worse-than-expected second-quarter financial results and cut its guidance.</li>
<li>Archrock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AROC#NYSE">AROC</a>) shares declined 6.9% to $21.76. Archrock commenced public offering of 11 million shares of its common stock and announced plans to acquire Total Operations and Production Services for $983 million in cash and stock.</li>
<li>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) fell 6.1% to $46.52 after the company reported second-quarter financial results. Also, the company announced that it delayed its 2024 Buick EV and pushed its EV pickup plant opening to 2026.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39907957/microsoft-to-rally-around-10-here-are-10-top-analyst-forecasts-for-monday">Microsoft To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Tuesday</a></li>
</ul>

Intraday Update

ADIL

AEVA

AROC

ATPC

AZTR

CGBS

CLRB

CMAX

CMCSA

DRMA

EFSH

FEIM

FLYE

FTEL

ICLK

JAGX

KNSA

MEDP

MESO

MIRA

MLSS

MMYT

MSCI

NCPL

NUKK

NXPI

PCAR

PSIG

RNAZ

SLNA

SLRX

SMFL

SOAR

SPOT

STAF

TUSK

WBTN

XCUR

ZION

Why Comcast Shares Are Trading Lower By 6%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

A. O. Smith shares are trading lower. The company reported Q2 financial results.

Outlook
<table border="0" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="7" rowspan="1">
2024&nbsp;Outlook
(in millions except per share amounts)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="4" rowspan="1">
2024&nbsp;Outlook
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Actual
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Low End
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
High End
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net sales
</td>
<td colspan="1" rowspan="1">
$&nbsp; &nbsp; 3,853
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$ 3,970
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$ 4,050
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Diluted earnings per share
</td>
<td colspan="1" rowspan="1">
$&nbsp; &nbsp; &nbsp; 3.69
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp; 3.95
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp; 4.10
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted earnings per share
</td>
<td colspan="1" rowspan="1">
&nbsp;&nbsp;&nbsp; $&nbsp; &nbsp; 3.812
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp; 3.95
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp; 4.10
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
</tbody>
</table>
<table border="0" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
2
</td>
<td colspan="1" rowspan="1">
Excludes restructuring and impairment expenses. See accompanying GAAP to Non-GAAP reconciliations
</td>
</tr>
</tbody>
</table>

Guidance

A.O. Smith Reaffirms 2024 Outlook: Net Sales Of $3.97B-$4.05B Vs. $3.989B Est.; Adjusted EPS Of $3.90-$4.10 Vs. $4.08 Est.

A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) reported quarterly earnings of $1.06 per share which met the analyst consensus estimate. This is a 4.95 percent increase over earnings of $1.01 per share from the same period last year. The company reported quarterly sales of $1.024 billion which beat the analyst consensus estimate of $997.753 million by 2.63 percent. This is a 6.58 percent increase over sales of $960.800 million the same period last year.

A.O. Smith Q2 2024 Non-GAAP EPS $1.06, Inline, Sales $1.024B Beat $997.753M Estimate

Stifel analyst Nathan Jones maintains A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) with a Hold and raises the price target from $90 to $97.

Stifel Maintains Hold on A.O. Smith, Raises Price Target to $97

As of July 17, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Gates Industrial Corporation PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTES#NYSE">GTES</a>)</h3>
<ul>
<li>Gates Industrial is expected to issue its second-quarter earnings release before the opening bell on Wednesday, July 31. The company's stock gained around 12% over the past five days and has a <a href="https://www.benzinga.com/quote/GTES">52-week high of $17.98</a>.</li>
<li>RSI Value: 74.86&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>GTES Price Action: Shares of Gates Industrial gained 4.3% to close at $16.97 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Fluor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>)</h3>
<ul>
<li>On July 2, Truist Securities analyst Jamie Cook maintained Fluor with a Buy and raised the price target from $47 to $54. The company's stock gained around 14% over the past five days and <a href="https://www.benzinga.com/quote/FLR">has a 52-week high</a> of $50.63.</li>
<li>RSI Value: 80.06</li>
<li>FLR Price Action: Shares of Fluor gained 3.7% to close at $50.26 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">A O Smith Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>)</h3>
<ul>
<li>On July 15, A. O. Smith said it has signed an agreement to acquire Pureit from Unilever. &#8220;We believe the addition of Pureit will strengthen our leadership position as a global supplier of premium water treatment products and double our market penetration in South Asia. The acquisition will also support our corporate strategy by enhancing our premium product portfolio and distribution capabilities,&#8221; said Kevin J. Wheeler, the Company&#8217;s chairman and chief executive officer. The company's stock gained around 13% over the past five days and has a <a href="https://www.benzinga.com/quote/AOS">52-week high</a> of $92.14.</li>
<li>RSI Value: 76.88</li>
<li>AOS Price Action: Shares of A O Smith gained 4.8% to close at $91.98 on Tuesday.</li>
</ul>
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Short Ideas

Pre-Market Outlook

GTES

Top 3 Industrials Stocks That Could Sink Your Portfolio This Month

UFPI

Shares of construction and building product companies are trading higher after store sales of building material and garden supplies rose 1.4% in June.

A. O. Smith Agrees To Buy Water Purification Business Pureit From Unilever For $120M In Cash, Subject To Customary Adjustments - Filing

Shares of homebuilders, building companies and housing-related stocks are trading higher as Treasury yields drop following softer-than-expected June CPI figures.

During the last three months, 5 analysts shared their evaluations of A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for A.O. Smith, revealing an average target of $87.6, a high estimate of $92.00, and a low estimate of $75.00. This current average has increased by 4.29% from the previous average price target of $84.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1720461634_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of A.O. Smith by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Damian Karas</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$75.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$90.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$92.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$91.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Saree Boroditsky</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to A.O. Smith. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of A.O. Smith compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of A.O. Smith's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of A.O. Smith's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/AOS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on A.O. Smith analyst ratings.</a>
<h2>Get to Know A.O. Smith Better</h2>
A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.
<h3>Breaking Down A.O. Smith's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: A.O. Smith's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 1.28%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: A.O. Smith's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 15.08% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): A.O. Smith's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.92% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): A.O. Smith's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.62% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: A.O. Smith's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.08.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For A.O. Smith

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Press Releases

A. O. Smith to Hold First Quarter Conference Call on April 25, 2024

A. O. Smith Reports Quarterly Dividend

A. O. Smith Reports Strong First Quarter Performance

Mark Petrarca to Retire After 25 Years

A. O. Smith to Hold Second Quarter Conference Call on July 23, 2024

A. O. Smith to Acquire Pureit, a Leading Water Purification Business in South Asia

A. O. Smith Reports Record Sales in the Second Quarter

A. O. Smith to Hold Third Quarter Conference Call on October 22, 2024

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