Boenning Scattergood cut shares of Smith (A.O.) Corporation (NYSE:AOS) from an outperform rating to a neutral rating in a research report sent to investors on Wednesday, October 25th, Marketbeat Ratings reports. Boenning Scattergood also issued estimates for Smith (A.O.) Corporation’s Q4 2017 earnings at $0.57 EPS, FY2017 earnings at $2.14 EPS, Q1 2018 earnings at $0.59 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.50 EPS.
Several other equities research analysts have also weighed in on the company. BMO Capital Markets reiterated a buy rating and issued a $60.00 price objective on shares of Smith (A.O.) Corporation in a research note on Wednesday, September 6th. SunTrust Banks, Inc. reaffirmed a buy rating and set a $65.00 price objective on shares of Smith (A.O.) Corporation in a report on Thursday, October 12th. Jefferies Group LLC reissued a buy rating on shares of Smith (A.O.) Corporation in a research note on Friday, July 14th. BidaskClub downgraded Smith (A.O.) Corporation from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Finally, KeyCorp reaffirmed a hold rating on shares of Smith (A.O.) Corporation in a research note on Tuesday, September 12th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $62.80.
Shares of Smith (NYSE AOS) traded down $0.11 during trading hours on Wednesday, hitting $58.56. The company’s stock had a trading volume of 657,500 shares, compared to its average volume of 1,014,705. Smith has a 12 month low of $46.44 and a 12 month high of $62.16. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $10,087.01, a PE ratio of 28.76, a P/E/G ratio of 2.21 and a beta of 1.54.
Smith (A.O.) Corporation (NYSE:AOS) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $749.90 million during the quarter, compared to analysts’ expectations of $741.28 million. Smith (A.O.) Corporation had a return on equity of 22.42% and a net margin of 12.18%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. equities analysts forecast that Smith will post 2.13 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.14 per share. The ex-dividend date is Monday, October 30th. This represents a $0.56 annualized dividend and a yield of 0.96%. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is presently 27.45%.
In other news, Director Idelle K. Wolf sold 2,000 shares of Smith (A.O.) Corporation stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $60.00, for a total value of $120,000.00. Following the completion of the sale, the director now directly owns 52,053 shares in the company, valued at $3,123,180. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Peter R. Martineau sold 22,267 shares of Smith (A.O.) Corporation stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $59.33, for a total transaction of $1,321,101.11. Following the completion of the transaction, the insider now directly owns 17,528 shares in the company, valued at $1,039,936.24. The disclosure for this sale can be found here. Insiders have sold 31,861 shares of company stock valued at $1,895,602 over the last 90 days. Company insiders own 1.27% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Smith (A.O.) Corporation by 1.7% in the second quarter. BlackRock Inc. now owns 13,286,159 shares of the industrial products company’s stock worth $748,410,000 after purchasing an additional 220,954 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Smith (A.O.) Corporation by 49,147.8% in the second quarter. Janus Henderson Group PLC now owns 7,631,439 shares of the industrial products company’s stock valued at $429,879,000 after buying an additional 7,615,943 shares during the period. Victory Capital Management Inc. lifted its holdings in Smith (A.O.) Corporation by 7.2% in the third quarter. Victory Capital Management Inc. now owns 2,095,029 shares of the industrial products company’s stock valued at $124,508,000 after buying an additional 141,447 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Smith (A.O.) Corporation by 27.6% during the third quarter. Wells Fargo & Company MN now owns 2,023,896 shares of the industrial products company’s stock valued at $120,280,000 after purchasing an additional 438,063 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Smith (A.O.) Corporation by 8.6% during the second quarter. Northern Trust Corp now owns 1,524,825 shares of the industrial products company’s stock valued at $85,894,000 after purchasing an additional 121,043 shares during the period. 73.90% of the stock is currently owned by institutional investors.
Smith (A.O.) Corporation Company Profile
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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