Shares of A.O. Smith Corp. (NYSE:AOS) have earned an average rating of “Buy” from the twelve ratings firms that are presently covering the firm. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $53.79.
Several research firms have weighed in on AOS. KeyCorp restated a “buy” rating and set a $107.00 target price on shares of A.O. Smith Corp. in a research note on Thursday, October 6th. Zacks Investment Research upgraded A.O. Smith Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 15th. Longbow Research began coverage on A.O. Smith Corp. in a research note on Friday, June 17th. They set a “neutral” rating for the company. Jefferies Group cut their target price on A.O. Smith Corp. from $55.50 to $43.00 and set a “buy” rating for the company in a research note on Friday, September 23rd. Finally, BMO Capital Markets set a $53.00 target price on A.O. Smith Corp. and gave the stock a “buy” rating in a research note on Monday, August 8th.
In related news, Director Mark D. Smith sold 1,146 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $93.76, for a total value of $107,448.96. Following the completion of the sale, the director now directly owns 54,850 shares in the company, valued at $5,142,736. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wilfridus M. Brouwer sold 6,200 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of $93.29, for a total value of $578,398.00. Following the completion of the sale, the insider now owns 19,449 shares of the company’s stock, valued at $1,814,397.21. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in A.O. Smith Corp. during the second quarter worth $106,000. Nordea Investment Management AB acquired a new stake in shares of A.O. Smith Corp. during the second quarter worth $150,000. Daiwa Securities Group Inc. acquired a new stake in shares of A.O. Smith Corp. during the second quarter worth $150,000. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of A.O. Smith Corp. during the second quarter worth $150,000. Finally, Meeder Asset Management Inc. increased its stake in shares of A.O. Smith Corp. by 1.0% in the first quarter. Meeder Asset Management Inc. now owns 2,548 shares of the company’s stock worth $195,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.
Shares of A.O. Smith Corp. (NYSE:AOS) traded down 0.49% during midday trading on Friday, hitting $49.05. The company had a trading volume of 476,439 shares. A.O. Smith Corp. has a one year low of $30.15 and a one year high of $51.49. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 27.77 and a beta of 1.36. The stock’s 50-day moving average price is $48.33 and its 200-day moving average price is $43.81.
A.O. Smith Corp. (NYSE:AOS) last released its earnings results on Tuesday, July 26th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.08. A.O. Smith Corp. had a return on equity of 21.57% and a net margin of 12.23%. The firm earned $667 million during the quarter, compared to analysts’ expectations of $696.69 million. During the same period in the prior year, the company earned $0.79 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts predict that A.O. Smith Corp. will post $3.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.97%. A.O. Smith Corp.’s payout ratio is 27.20%.
A.O. Smith Corp. Company Profile
A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.
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