Smith (A.O.) (AOS) Raised to “Buy” at Goldman Sachs

Goldman Sachs upgraded shares of Smith (A.O.) (NYSE:AOS) from a neutral rating to a buy rating in a research report released on Wednesday, Marketbeat reports.

Several other research analysts have also commented on the company. Boenning Scattergood raised Smith (A.O.) from a neutral rating to an outperform rating in a report on Thursday, March 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Smith (A.O.) from a sell rating to a hold rating and set a $75.00 price objective for the company in a report on Wednesday, January 31st. Robert W. Baird reissued a buy rating and set a $70.00 price objective on shares of Smith (A.O.) in a report on Wednesday, January 31st. BMO Capital Markets reissued a buy rating and set a $78.00 price objective on shares of Smith (A.O.) in a report on Friday, January 26th. Finally, Stifel Nicolaus reissued a hold rating and set a $59.00 price objective on shares of Smith (A.O.) in a report on Monday, December 11th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Smith (A.O.) currently has a consensus rating of Buy and a consensus target price of $67.83.

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Shares of NYSE AOS opened at $63.17 on Wednesday. Smith has a 12 month low of $49.48 and a 12 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 cap of $11,144.79, a PE ratio of 29.94, a price-to-earnings-growth ratio of 1.90 and a beta of 1.52.

Smith (A.O.) (NYSE:AOS) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Smith (A.O.) had a return on equity of 23.30% and a net margin of 9.89%. The company had revenue of $768.60 million during the quarter, compared to analyst estimates of $767.45 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Smith (A.O.)’s revenue was up 10.1% on a year-over-year basis. sell-side analysts anticipate that Smith will post 2.57 EPS for the current year.

In other Smith (A.O.) news, Director William P. Greubel sold 17,856 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $66.50, for a total value of $1,187,424.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert J. Heideman sold 11,606 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $61.74, for a total value of $716,554.44. Following the completion of the sale, the vice president now directly owns 34,099 shares of the company’s stock, valued at approximately $2,105,272.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,635 shares of company stock valued at $7,149,622. 1.28% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its position in Smith (A.O.) by 70.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 1,150 shares during the last quarter. Zeke Capital Advisors LLC bought a new stake in Smith (A.O.) in the fourth quarter valued at approximately $203,000. Commerzbank Aktiengesellschaft FI bought a new stake in Smith (A.O.) in the fourth quarter valued at approximately $210,000. Brookmont Capital Management bought a new stake in Smith (A.O.) in the fourth quarter valued at approximately $224,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Smith (A.O.) in the third quarter valued at approximately $245,000. 74.44% of the stock is owned by institutional investors and hedge funds.

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Smith (A.O.) Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.

Analyst Recommendations for Smith (A.O.) (NYSE:AOS)

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