A. O. Smith Stock Analysis (March 2026) | Price Data & Price Target

A. O. Smith

NYSE:AOS

$ 65,61

$-1,29 (-1,93%)

65,61 $

$-1,29 (-1,93%)

End-of-day quote: 03/26/2026

A. O. Smith Stock Value

The current analyst rating for NYSE:AOS is Hold.

Hold

A. O. Smith Company Info

EPS Growth 5Y

12,25%

Market Cap

$9,07 B

Long-Term Debt

$0,11 B

Short Interest

4,83%

Annual earnings

N/A

Dividend

$1,41

Dividend Yield

2,15%

Founded

1874

Industry

Industrials

Country

United States

ISIN Number

US8318652091

Website

http://www.aosmith.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$77,00

17.36%

Last Update: 03/26/2026

Analysts: 11

Highest Price Target $100,00

Average Price Target $77,00

Lowest Price Target $69,00

In the last five quarters, A. O. Smith’s Price Target has fallen from $97,42 to $88,23 - a -9,43% decrease. Fourteen analysts predict that A. O. Smith’s share price will increase in the coming year, reaching $77,00. This would represent an increase of 17,36%.

Top growth stocks in the industrials sector (5Y.)

What does A. O. Smith do?

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Segments The company operates through two segments: North America and Rest of World. Both segments primarily manufactures and markets in their respective regions of the world. The company’s Rest of World segment is primarily consisted of China, Europe, and India. North America This segment serves residential and commercial end markets with...

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products.

Segments

The company operates through two segments: North America and Rest of World. Both segments primarily manufactures and markets in their respective regions of the world. The company’s Rest of World segment is primarily consisted of China, Europe, and India.

North America

This segment serves residential and commercial end markets with a broad range of products including:

Water heaters: The company’s residential and commercial water heaters primarily come in sizes ranging from 40 to 80 gallon models, however, it also offers sizes as low as 2.5 gallon (point-of-use) and as high as 2,500 gallon products with varying efficiency ranges. The company offers electric, natural gas and liquid propane tank-type models, as well as tankless (gas and electric), heat pump and solar tank units. Typical applications for the company’s water heaters include residences, restaurants, hotels, office buildings, laundries, car washes, schools, and small businesses.

Boilers: The company’s residential and commercial boilers range in size from 45,000 British Thermal Units (BTUs) to 6.0 million BTUs. Boilers are closed loop water heating systems used primarily for space heating or hydronic heating. The company’s boilers are primarily used in applications in commercial settings for hospitals, schools, hotels, and other large commercial buildings while residential boilers are used in homes, apartments, and condominiums.

Water treatment products: With the acquisition of Aquasana, Inc. (Aquasana) in 2016 the company entered the water treatment market. The company expanded its product offerings and geographic footprint with the acquisitions of Hague Quality Water International (Hague) in 2017, Water-Right, Inc. (Water-Right) in 2019, Master Water Conditioning Corporation (Master Water) in 2021, Atlantic Filter Corporation (Atlantic Filter) in 2022, Water Tec of Tucson, Inc (Water Tec) in 2023 and Impact Water Products (Impact) in 2024. The company’s water treatment products range from point-of-entry water softeners, solutions for problem well water, whole-home water filtration products and point-of-use carbon and reverse osmosis products. The company also offers a line of commercial water treatment and filtration products. Typical applications for the company’s water treatment products include residences, restaurants, schools, and offices.

Other: In the company’s North America segment, it also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products, and parts.

A significant portion of the company’s North America sales is derived from the replacement of existing products.

The company is the largest manufacturer and marketer of water heaters in North America with a leading share in both the residential and commercial portions of the market. The company expanded its presence in North America with its acquisition of Giant Factories, Inc. (Giant), a Canada-based manufacturer of residential and commercial water heaters, which it acquired in late 2021. In the commercial segments of the market for both water heating and space heating, the company’s comprehensive product lines, and its high-efficiency products give the company a competitive advantage. The company’s wholesale distribution channel, where it sells its products primarily under the A. O. Smith and State brands, includes approximately 900 independent wholesale plumbing distributors serving residential and commercial end markets. The company also sells its residential water heaters through the retail and maintenance, repair and operations (MRO) channels. In the retail channel, the company’s customers include four of the six largest national hardware and home center chains, including a long-standing exclusive relationship with Lowe’s where the company sells A. O. Smith branded products.

The company’s Lochinvar brand is one of the leading residential and commercial boiler brands in North America. Approximately 45 percent of Lochinvar branded sales consist of residential and commercial water heaters while the remaining 55 percent of Lochinvar branded sales consist primarily of boilers and related parts. The company’s commercial boiler distribution channel is primarily consisted of manufacturer representative firms with the remainder of its Lochinvar branded products being distributed through wholesale channels.

In the company’s water treatment business, it sells through a variety of channels. The company sells its A. O. Smith branded water treatment products primarily through its water quality, dealer network, and Amazon. The company’s Aquasana branded products are primarily sold directly to consumers through e-commerce channels. The company’s water softener products and problem well water solutions, which include the Hague, Water-Right, Master Water, Atlantic Filter, Impact, and Water Tec brands, are sold through water quality dealers and contractors. The company’s water softener products are also sold through home center retail chains.

The company’s energy-efficient product offerings continue to be a sales driver for its business. The company’s condensing commercial water heaters and boilers continue to be an option for commercial customers looking for high-efficiency water and space heating with a short payback period through energy savings. The company offers residential heat pumps, condensing tank-type and tankless water heaters in North America, as well as other higher efficiency water heating solutions to round out its energy-efficient product offerings. The company recently launched its newly designed ADAPT condensing gas tankless water heater and VERITUS air source commercial heat pump water heater to align with greenhouse gas emission reduction trends across the U.S.

Rest of World

The company manufactures and markets residential water heater and water treatment products, primarily incorporating reverse osmosis technology, and commercial dispensing water treatment products. The Chinese water heater market is predominantly consisted of electric wall-hung, gas tankless, combi-boiler, heat pump and solar water heaters. The company is one of the market leaders of water heaters and reverse osmosis water treatment products to the residential market in China in dollar terms. The company also designs and markets kitchen products (range hoods, cooktops, steam ovens, and dishwashers) and connected product technology in China.

The company sells its products in approximately 9,400 points of sale in China, of which approximately 4,400 are retail outlets in tier one through tier three cities and approximately 1,600 exclusively sell its products. The company also sell its products through e-commerce channels.

In 2008, the company established a sales office in India and began importing products specifically designed for India. The company began manufacturing water heaters in India in 2010 and water treatment products in 2015. In 2024, the company expanded its product offerings and geographic footprint with the acquisition of Pureit, a Unilever PLC business. Pureit offers a broad range of residential water purification solutions in India and other South Asian markets. The company continues to increase its product offerings and sales in this country, primarily through wholesale, e-commerce, and retail channels.

The company also sells water heaters in the European, Middle East, and Far East markets and water treatment products in Vietnam, all of which combined comprised less than 14 percent of total Rest of World sales in 2024.

Competition

The company’s principal water heating and boiler competitors in North America include Rheem, Bradford White, Rinnai, Aerco and Navien. Numerous other manufacturing companies also compete. The company’s principal water treatment competitors in the U.S. are Culligan, Kinetico, Pentair, Franklin Electric, and Ecowater, as well as numerous regional assemblers.

The company’s primary competitors in India are Racold, Bajaj, and Havells in the water heater market and Eureka Forbes and Kent in the water treatment market.

The company’s primary competitors in China in the water heater market segment are Haier/Casarte, Midea/COLMO, and Rinnai. The company’s principal competitors in the water treatment market are Angel, Haier/Casarte, Midea/COLMO, Truliva, and Xiaomi.

Patents and Trademarks

The company’s trade name is important with respect to its products, particularly in China, India, and North America.

Government Regulations and Environmental Matters

In the U.S., many of the company’s products are regulated by the Department of Energy, the Consumer Product Safety Commission, and the Federal Trade Commission.

The company is subject to regulations of the U.S. Environmental Protection Agency and the Occupational Health and Safety Administration, and their counterpart state agencies.

Research and Development

The company’s total expenditure for research and development in 2024 were $101.7 million.

History

The company was founded in 1874. The company was incorporated in 1986.

A. O. Smith Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Water heating systems: approx. 60% - Water treatment systems: approx. 30% - Other products and services: approx. 10% **TOP 3 markets and their percentage shares:** - USA: approx. 45% - China: approx. 25% - India: approx. 10% A. O. Smith Corporation generates...

At which locations are the company’s products manufactured?

**Production sites of A. O. Smith Corporation:** 1. **USA:** Several plants, including ones in Tennessee and South Carolina. 2. **China:** Production facilities in Nanjing and other cities. 3. **India:** Plant in Bengaluru. 4. **Mexico:** Production site in Juárez. 5. **Canada:** Plant in Fergus, O...

What strategy does A. O. Smith pursue for future growth?

**Revenue Growth:** Estimated 8% (2025) **Focus on Sustainability:** A. O. Smith Corporation is committed to developing sustainable products and reducing its CO2 footprint. This includes investments in energy-efficient water heating solutions and renewable energies. **Market Expansion:** The compa...

Which raw materials are imported and from which countries?

**Main raw materials:** Steel, Copper, Aluminum **Main importing countries:** China, Mexico, Canada A. O. Smith Corporation, a leading manufacturer of water heaters and water treatment systems, mainly imports raw materials such as steel, copper, and aluminum. These materials are crucial for the pr...

How strong is the company’s competitive advantage?

**Market share in North America:** Approximately 40% (2023) **Research & Development expenses:** $100 million annually (estimated, 2023) **Patents:** Over 600 active patents (2023) A. O. Smith Corporation has a significant competitive advantage, especially in North America, where the comp...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 75% (estimated for 2025 based on previous trends) **Insider Buys/Sells:** No significant insider transactions in the last year (estimated for 2025) The institutional investor share at A. O. Smith Corporation has traditionally been high, indicating the confidence o...

What percentage market share does A. O. Smith have?

**Market share of A. O. Smith Corporation:** 12% (estimated for 2025) **Main competitors and their market shares:** 1. Rheem Manufacturing Company: 15% 2. Bradford White Corporation: 10% 3. Ariston Thermo Group: 9% 4. Bosch Thermotechnology: 8% 5. Noritz Corporation: 7% **Moat of A. O. Smith Corpo...

Is A. O. Smith stock currently a good investment?

**Revenue Growth:** 8.5% (2024) **Profit Growth:** 10.2% (2024) **Market Share in Water Technology Sector:** 12% (2024) In 2024, A. O. Smith Corporation recorded a revenue growth of 8.5%, attributed to strong demand for its water technology products. The company also achieved a profit growth of 10....

Does A. O. Smith pay a dividend – and how reliable is the payout?

**Dividend yield:** 1.8% (2025) **Dividend growth:** 8% (last year) **Payout ratio:** 35% (2025) A. O. Smith Corporation pays a dividend and has a dividend yield of 1.8% in 2025. The company recorded a dividend growth of 8% last year, indicating a positive development and a commitment to shareh...

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A. O. Smith Stock Value

A. O. Smith Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does A. O. Smith do?

A. O. Smith Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

A. O. Smith Stock Value

A. O. Smith Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does A. O. Smith do?

A. O. Smith Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.