Smith (A.O.) (AOS) Upgraded at ValuEngine

ValuEngine upgraded shares of Smith (A.O.) (NYSE:AOS) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

AOS has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Smith (A.O.) from a sell rating to a hold rating in a report on Thursday, January 11th. Robert W. Baird restated a buy rating and issued a $70.00 price objective on shares of Smith (A.O.) in a report on Wednesday, January 31st. Boenning Scattergood upgraded shares of Smith (A.O.) from a neutral rating to an outperform rating in a report on Thursday, March 22nd. They noted that the move was a valuation call. Stifel Nicolaus restated a hold rating and issued a $59.00 price objective on shares of Smith (A.O.) in a report on Monday, December 11th. Finally, Goldman Sachs upgraded shares of Smith (A.O.) from a neutral rating to a buy rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $67.83.

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Smith (A.O.) stock opened at $63.17 on Wednesday. Smith has a 52-week low of $49.48 and a 52-week high of $68.39. The company has a market cap of $11,144.79, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.52. The company has a current ratio of 2.24, a quick ratio of 1.87 and a debt-to-equity ratio of 0.24.

Smith (A.O.) (NYSE:AOS) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Smith (A.O.) had a net margin of 9.89% and a return on equity of 23.30%. The business had revenue of $768.60 million for the quarter, compared to analyst estimates of $767.45 million. During the same period last year, the business earned $0.47 EPS. The company’s revenue was up 10.1% on a year-over-year basis. equities analysts expect that Smith will post 2.57 earnings per share for the current fiscal year.

In related news, Chairman Ajita G. Rajendra sold 5,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $66.55, for a total value of $332,750.00. Following the transaction, the chairman now directly owns 301,018 shares of the company’s stock, valued at approximately $20,032,747.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark D. Smith sold 2,600 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $62.73, for a total transaction of $163,098.00. Following the completion of the transaction, the director now directly owns 109,609 shares in the company, valued at $6,875,772.57. The disclosure for this sale can be found here. Insiders sold a total of 110,635 shares of company stock worth $7,149,622 over the last ninety days. Insiders own 1.28% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in shares of Smith (A.O.) by 70.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock valued at $171,000 after buying an additional 1,150 shares during the last quarter. Zeke Capital Advisors LLC purchased a new position in shares of Smith (A.O.) in the 4th quarter valued at $203,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Smith (A.O.) in the 4th quarter valued at $210,000. Brookmont Capital Management purchased a new position in shares of Smith (A.O.) in the 4th quarter valued at $224,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Smith (A.O.) in the 3rd quarter valued at $245,000. 74.44% of the stock is currently owned by hedge funds and other institutional investors.

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About Smith (A.O.)

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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