Shares of A. O. Smith Corp (NYSE:AOS) have earned a consensus rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $54.50.
Several research firms have recently weighed in on AOS. Jefferies Financial Group began coverage on shares of A. O. Smith in a research note on Wednesday, July 10th. They set a “hold” rating on the stock. ValuEngine upgraded shares of A. O. Smith from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. TheStreet upgraded shares of A. O. Smith from a “c+” rating to a “b-” rating in a research note on Tuesday, September 10th. Northcoast Research restated a “buy” rating on shares of A. O. Smith in a research note on Wednesday, October 2nd. Finally, Rosenblatt Securities began coverage on shares of A. O. Smith in a research note on Thursday. They set a “neutral” rating and a $52.00 price objective on the stock.
In related news, Chairman Ajita G. Rajendra sold 16,556 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $49.47, for a total value of $819,025.32. Following the transaction, the chairman now owns 78,163 shares in the company, valued at approximately $3,866,723.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Helen E. Gurholt sold 1,263 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $45.82, for a total transaction of $57,870.66. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in A. O. Smith by 51.9% in the 1st quarter. FMR LLC now owns 813,266 shares of the industrial products company’s stock valued at $43,364,000 after purchasing an additional 277,862 shares during the period. DNB Asset Management AS lifted its holdings in shares of A. O. Smith by 3.6% during the 2nd quarter. DNB Asset Management AS now owns 28,768 shares of the industrial products company’s stock worth $1,357,000 after acquiring an additional 995 shares during the period. Riverbridge Partners LLC lifted its holdings in shares of A. O. Smith by 45.4% during the 2nd quarter. Riverbridge Partners LLC now owns 918,444 shares of the industrial products company’s stock worth $43,314,000 after acquiring an additional 286,812 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of A. O. Smith during the 2nd quarter worth approximately $663,000. Finally, Jackson Wealth Management LLC lifted its holdings in shares of A. O. Smith by 1.2% during the 2nd quarter. Jackson Wealth Management LLC now owns 45,694 shares of the industrial products company’s stock worth $2,148,000 after acquiring an additional 539 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.
Shares of A. O. Smith stock traded down $0.16 during trading on Thursday, hitting $51.87. 128,469 shares of the stock were exchanged, compared to its average volume of 1,436,239. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51. The company has a fifty day moving average price of $48.63 and a 200-day moving average price of $47.15. A. O. Smith has a 1-year low of $40.38 and a 1-year high of $56.66. The company has a current ratio of 2.06, a quick ratio of 1.64 and a debt-to-equity ratio of 0.21.
A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The company had revenue of $728.20 million for the quarter, compared to analyst estimates of $752.61 million. A. O. Smith had a net margin of 13.26% and a return on equity of 23.66%. A. O. Smith’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. Equities research analysts forecast that A. O. Smith will post 2.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.85%. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.22. A. O. Smith’s dividend payout ratio is 36.78%.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration products for residences, restaurants, hotels, and offices.
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