A. O. Smith Corp (NYSE:AOS) has been given an average rating of “Hold” by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $69.40.
A number of research firms have weighed in on AOS. BMO Capital Markets restated a “buy” rating and set a $78.00 price target on shares of A. O. Smith in a research report on Friday, January 26th. Zacks Investment Research raised A. O. Smith from a “sell” rating to a “hold” rating and set a $75.00 price objective on the stock in a research report on Wednesday, January 31st. Robert W. Baird reaffirmed a “buy” rating and set a $70.00 price objective on shares of A. O. Smith in a research report on Wednesday, January 31st. Boenning Scattergood reiterated a “hold” rating on shares of A. O. Smith in a report on Tuesday, January 30th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $59.00 target price on shares of A. O. Smith in a report on Monday, December 11th.
In related news, CEO Ajita G. Rajendra sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $61.81, for a total value of $927,150.00. Following the completion of the transaction, the chief executive officer now directly owns 299,369 shares in the company, valued at approximately $18,503,997.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP James F. Stern sold 12,423 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $62.28, for a total transaction of $773,704.44. Following the completion of the transaction, the vice president now owns 146,257 shares of the company’s stock, valued at $9,108,885.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,834 shares of company stock valued at $7,614,898. 1.27% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank raised its position in A. O. Smith by 11.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 191 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of A. O. Smith by 70.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock valued at $171,000 after buying an additional 1,150 shares in the last quarter. Zeke Capital Advisors LLC acquired a new position in shares of A. O. Smith in the 4th quarter valued at $203,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of A. O. Smith in the 4th quarter valued at $210,000. Finally, Annex Advisory Services LLC acquired a new position in shares of A. O. Smith in the 3rd quarter valued at $214,000. Institutional investors and hedge funds own 74.18% of the company’s stock.
A. O. Smith (NYSE:AOS) traded down $0.18 during midday trading on Tuesday, reaching $65.36. The company’s stock had a trading volume of 264,749 shares, compared to its average volume of 1,123,363. A. O. Smith has a twelve month low of $49.19 and a twelve month high of $68.39. The company has a quick ratio of 1.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $11,270.00, a P/E ratio of 38.38, a price-to-earnings-growth ratio of 1.91 and a beta of 1.55.
A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. A. O. Smith had a return on equity of 23.30% and a net margin of 9.89%. The business had revenue of $768.60 million for the quarter, compared to the consensus estimate of $767.45 million. During the same quarter last year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. analysts expect that A. O. Smith will post 2.57 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.18 dividend. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, January 30th. A. O. Smith’s payout ratio is presently 42.35%.
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A. O. Smith 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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