Analysts Set Smith (A.O.) Corporation (AOS) PT at $63.50

Smith (A.O.) Corporation (NYSE:AOS) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $63.50.

A number of brokerages recently weighed in on AOS. Zacks Investment Research downgraded shares of Smith (A.O.) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Robert W. Baird set a $61.00 price objective on shares of Smith (A.O.) and gave the company a “buy” rating in a research report on Thursday, August 24th. KeyCorp reaffirmed a “hold” rating on shares of Smith (A.O.) in a research report on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $61.00 price objective on shares of Smith (A.O.) in a research report on Thursday, October 26th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $65.00 price objective on shares of Smith (A.O.) in a research report on Thursday, October 12th.

Shares of Smith (AOS) traded up $0.63 during trading hours on Thursday, hitting $62.22. 834,930 shares of the company were exchanged, compared to its average volume of 810,969. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 0.27. Smith has a twelve month low of $46.44 and a twelve month high of $63.70. The company has a market cap of $10,697.36, a P/E ratio of 30.50, a PEG ratio of 2.34 and a beta of 1.55.

Smith (A.O.) (NYSE:AOS) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Smith (A.O.) had a net margin of 12.18% and a return on equity of 22.42%. The business had revenue of $749.90 million during the quarter, compared to the consensus estimate of $741.28 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. analysts expect that Smith will post 2.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Monday, October 30th. Smith (A.O.)’s payout ratio is 27.45%.

In other news, insider Mark A. Petrarca sold 5,288 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $63.14, for a total value of $333,884.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin J. Wheeler sold 13,293 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $61.49, for a total transaction of $817,386.57. Following the completion of the sale, the insider now directly owns 30,748 shares of the company’s stock, valued at $1,890,694.52. The disclosure for this sale can be found here. Insiders have sold a total of 100,156 shares of company stock valued at $6,092,537 over the last three months. 1.27% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of AOS. NGAM Advisors L.P. lifted its stake in shares of Smith (A.O.) by 1.2% in the 2nd quarter. NGAM Advisors L.P. now owns 18,926 shares of the industrial products company’s stock worth $1,066,000 after acquiring an additional 227 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Smith (A.O.) by 2.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 121,520 shares of the industrial products company’s stock worth $6,843,000 after acquiring an additional 3,263 shares during the period. Bessemer Group Inc. lifted its stake in shares of Smith (A.O.) by 215.1% in the 2nd quarter. Bessemer Group Inc. now owns 12,812 shares of the industrial products company’s stock worth $721,000 after acquiring an additional 8,746 shares during the period. World Asset Management Inc lifted its stake in shares of Smith (A.O.) by 2.8% in the 2nd quarter. World Asset Management Inc now owns 10,686 shares of the industrial products company’s stock worth $602,000 after acquiring an additional 291 shares during the period. Finally, Korea Investment CORP lifted its stake in shares of Smith (A.O.) by 1,490.0% in the 2nd quarter. Korea Investment CORP now owns 31,800 shares of the industrial products company’s stock worth $1,791,000 after acquiring an additional 29,800 shares during the period. 75.27% of the stock is owned by institutional investors.

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About Smith (A.O.)

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.

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

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