A. O. Smith Corporation announced various strategic developments that have potential to influence its stock performance and growth projections. The company recently revealed its decision to
acquire Leonard Valve Company, a water temperature and flow solutions leader, for the transaction value of
$470 Million. This acquisition aims to expand A. O. Smith's market reach in the water management sector.
Financial performance showcased promising figures with Q3 earnings per share (EPS) increasing 15% YoY to $0.94, while continuously heightening its full year outlooks. The
corporate dividend underwent an increase to $0.36 per share, marking a noteworthy consideration for income investors. Stock options saw a surge in implied volatility. The stock price target consistently maintained its estimation at $75 by DA Davidson, while Stifel trimmed the price target to $80 but keeps its 'Buy' rating. In terms of leadership, the company announced several important changes. Also, A. O. Smith hired Ming Cheng as their new Chief Technology Officer and Chris Howe as their new Chief Digital Information Officer.
A O Smith Corporation AOS News Analytics from Mon, 30 Dec 2024 08:00:00 GMT to Fri, 14 Nov 2025 16:54:02 GMT -
Rating 4
- Innovation 3
- Information 9
- Rumor 2
