Smith (A.O.) Corporation (NYSE:AOS) – SunTrust Banks lifted their FY2017 earnings per share estimates for shares of Smith (A.O.) Corporation in a research report issued on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will earn $2.13 per share for the year, up from their prior estimate of $2.09. SunTrust Banks currently has a “Buy” rating and a $65.00 target price on the stock. SunTrust Banks also issued estimates for Smith (A.O.) Corporation’s Q4 2017 earnings at $0.56 EPS, Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.61 EPS, Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.69 EPS and FY2019 earnings at $2.66 EPS.
Smith (A.O.) Corporation (NYSE:AOS) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Smith (A.O.) Corporation had a return on equity of 22.42% and a net margin of 12.18%. The business had revenue of $749.90 million during the quarter, compared to analysts’ expectations of $741.28 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year.
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Other equities research analysts have also recently issued research reports about the company. Robert W. Baird restated a “buy” rating and set a $64.00 price target on shares of Smith (A.O.) Corporation in a research note on Wednesday, October 4th. BMO Capital Markets restated a “buy” rating and set a $60.00 price target on shares of Smith (A.O.) Corporation in a research note on Friday, July 28th. Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. BidaskClub cut Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Friday, July 14th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Smith (A.O.) Corporation has an average rating of “Hold” and an average price target of $62.80.
Smith (NYSE:AOS) traded down $0.11 during trading on Friday, hitting $58.56. The stock had a trading volume of 657,500 shares, compared to its average volume of 1,014,705. Smith has a twelve month low of $46.44 and a twelve month high of $62.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.92. The stock has a market capitalization of $10,087.01, a PE ratio of 28.76, a PEG ratio of 2.21 and a beta of 1.54.
The firm 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 $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.96%. The ex-dividend date is Monday, October 30th. Smith (A.O.) Corporation’s payout ratio is 27.45%.
In other news, insider Peter R. Martineau sold 22,267 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $59.33, for a total value of $1,321,101.11. Following the completion of the transaction, the insider now owns 17,528 shares in the company, valued at $1,039,936.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Charles T. Lauber sold 7,594 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $59.85, for a total value of $454,500.90. Following the completion of the transaction, the senior vice president now owns 26,240 shares of the company’s stock, valued at approximately $1,570,464. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,861 shares of company stock valued at $1,895,602. Company insiders own 1.27% of the company’s stock.
Several hedge funds have recently made changes to their positions in AOS. Stifel Financial Corp increased its position in shares of Smith (A.O.) Corporation by 2.2% in the first quarter. Stifel Financial Corp now owns 9,478 shares of the industrial products company’s stock valued at $484,000 after buying an additional 203 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Smith (A.O.) Corporation by 2.3% in the first quarter. Wellington Management Group LLP now owns 137,106 shares of the industrial products company’s stock valued at $7,015,000 after buying an additional 3,092 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Smith (A.O.) Corporation by 12.0% during the first quarter. Teachers Advisors LLC now owns 543,852 shares of the industrial products company’s stock valued at $27,823,000 after acquiring an additional 58,143 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Smith (A.O.) Corporation by 9.2% during the first quarter. Thrivent Financial For Lutherans now owns 27,610 shares of the industrial products company’s stock valued at $1,413,000 after acquiring an additional 2,320 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of Smith (A.O.) Corporation during the first quarter valued at $461,000. Institutional investors and hedge funds own 73.90% of the company’s stock.
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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