A O Smith Corporation (AOS) faces a dynamic landscape characterized by
fluctuating financial performance, strategic acquisitions, and revised earnings forecasts. Shareholders anticipate the
upcoming dividend, and EP Wealth Advisors LLC has purchased a new stake in AOS. Despite
record second-quarter sales, Q2 earnings have missed estimates, leading to a gap down in share prices. However, Robert W Baird has lowered AOS’s price target to $90.00, despite Stifel Nicolaus subsequently increasing its rating to
Buy.
Acadian Asset Management, Vanguard Group, and several other firms have reduced their holdings in AOS. Meanwhile, FY2024 EPS estimates have been revised, while AOS continues its global expansion with the
acquisition of the water purification business Pureit in India.
Stephen Shafer has been appointed as the President and Chief Operating Officer of AOS, replacing Mark Petrarca, who will retire after 25 years. Amid this, AOS is deemed a solid Growth Stock by analysts. Finally, in a gesture of corporate philanthropy, the
A O Smith Foundation has donated $300,000 to charities to mark the firm's 150th anniversary.
A O Smith Corporation AOS News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 28 Jul 2024 19:56:00 GMT -
Rating 5
- Innovation 4
- Information 8
- Rumor -2
