Shares of A. O. Smith Corp (NYSE:AOS) have received a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $65.71.
Several research firms have commented on AOS. Zacks Investment Research cut A. O. Smith from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Oppenheimer restated a “hold” rating on shares of A. O. Smith in a research note on Tuesday, September 18th. BMO Capital Markets reaffirmed a “buy” rating and set a $73.00 price target on shares of A. O. Smith in a research report on Thursday, July 26th. Robert W. Baird lowered their price target on A. O. Smith from $68.00 to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 10th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $71.00 price target on shares of A. O. Smith in a research report on Thursday, July 26th.
NYSE AOS opened at $48.52 on Friday. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.48 and a beta of 1.43. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.11. A. O. Smith has a 52 week low of $40.34 and a 52 week high of $68.39.
A. O. Smith (NYSE:AOS) last released its earnings results on Tuesday, October 30th. The industrial products company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). The firm had revenue of $754.10 million during the quarter, compared to the consensus estimate of $805.92 million. A. O. Smith had a net margin of 10.83% and a return on equity of 24.98%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, equities analysts expect that A. O. Smith will post 2.59 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.22 per share. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, October 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.81%. A. O. Smith’s payout ratio is 40.55%.
In other A. O. Smith news, Director Paul W. Jones sold 4,591 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $58.92, for a total transaction of $270,501.72. Following the transaction, the director now owns 214,558 shares of the company’s stock, valued at approximately $12,641,757.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of AOS. Morgan Stanley increased its holdings in shares of A. O. Smith by 531.8% during the 2nd quarter. Morgan Stanley now owns 3,478,281 shares of the industrial products company’s stock worth $205,741,000 after acquiring an additional 2,927,749 shares during the last quarter. Millennium Management LLC acquired a new position in shares of A. O. Smith during the 2nd quarter worth approximately $54,005,000. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in shares of A. O. Smith by 38.1% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,596,018 shares of the industrial products company’s stock worth $85,179,000 after acquiring an additional 440,720 shares during the last quarter. Dudley & Shanley Inc. increased its holdings in shares of A. O. Smith by 957.0% during the 3rd quarter. Dudley & Shanley Inc. now owns 417,994 shares of the industrial products company’s stock worth $22,308,000 after acquiring an additional 378,450 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its holdings in shares of A. O. Smith by 114.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 668,615 shares of the industrial products company’s stock worth $39,549,000 after acquiring an additional 357,541 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.
A. O. Smith 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.
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