Boenning Scattergood upgraded shares of A. O. Smith (NYSE:AOS) from a neutral rating to an outperform rating in a report published on Thursday, Marketbeat Ratings reports. Boenning Scattergood also issued estimates for A. O. Smith’s Q3 2018 earnings at $0.67 EPS, FY2018 earnings at $2.58 EPS, Q1 2019 earnings at $0.66 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.75 EPS, Q4 2019 earnings at $0.78 EPS and FY2019 earnings at $2.90 EPS. The analysts noted that the move was a valuation call.
Other equities analysts have also recently issued reports about the stock. Robert W. Baird reaffirmed a buy rating and issued a $70.00 price objective on shares of A. O. Smith in a research note on Wednesday, January 31st. BMO Capital Markets reaffirmed a buy rating and issued a $78.00 price objective on shares of A. O. Smith in a research note on Friday, January 26th. Zacks Investment Research raised shares of A. O. Smith from a sell rating to a hold rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $59.00 price objective on shares of A. O. Smith in a research note on Monday, December 11th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $67.83.
A. O. Smith stock opened at $62.45 on Thursday. A. O. Smith has a 52 week low of $49.48 and a 52 week high of $68.39. The stock has a market cap of $10,710.86, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 1.82 and a beta of 1.52. The company has a quick ratio of 1.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.24.
In other news, Director William P. Greubel sold 17,856 shares of A. O. Smith stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $66.50, for a total transaction of $1,187,424.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Wilfridus M. Brouwer sold 30,000 shares of A. O. Smith stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $63.11, for a total transaction of $1,893,300.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,635 shares of company stock worth $7,149,622. Insiders own 1.28% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of A. O. Smith by 70.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 1,150 shares in the last quarter. Zeke Capital Advisors LLC bought a new position in shares of A. O. Smith during the fourth quarter worth $203,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of A. O. Smith during the fourth quarter worth $210,000. Brookmont Capital Management bought a new position in shares of A. O. Smith during the fourth quarter worth $224,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of A. O. Smith during the third quarter worth $245,000. 74.44% of the stock is currently owned by institutional investors.
A. O. Smith Company Profile
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.
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