A. O. Smith (NYSE:AOS) Raised to “B” at TheStreet

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TheStreet upgraded shares of A. O. Smith (NYSE:AOS) from a c+ rating to a b rating in a research report released on Thursday morning, TheStreetRatingsTable reports.

AOS has been the topic of several other reports. UBS Group began coverage on shares of A. O. Smith in a research note on Friday, May 29th. They set a buy rating and a $54.00 price target on the stock. Cfra decreased their price target on shares of A. O. Smith from $39.00 to $32.00 and set a strong sell rating on the stock in a research note on Wednesday, May 6th. Zacks Investment Research upgraded shares of A. O. Smith from a hold rating to a buy rating and set a $51.00 price objective on the stock in a report on Tuesday, July 7th. Boenning Scattergood upgraded shares of A. O. Smith from a neutral rating to an outperform rating in a report on Wednesday, May 6th. Finally, Robert W. Baird increased their price objective on shares of A. O. Smith from $45.00 to $49.00 and gave the company a neutral rating in a report on Wednesday, June 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. A. O. Smith presently has a consensus rating of Hold and an average price target of $45.00.

Shares of A. O. Smith stock opened at $48.14 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 3.34 and a beta of 1.28. A. O. Smith has a 1-year low of $33.81 and a 1-year high of $53.72. The firm’s 50-day moving average price is $48.34 and its two-hundred day moving average price is $43.93.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. A. O. Smith had a net margin of 10.72% and a return on equity of 18.38%. The firm had revenue of $663.90 million for the quarter, compared to analysts’ expectations of $664.82 million. As a group, equities research analysts predict that A. O. Smith will post 1.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.96 annualized dividend and a yield of 1.99%. A. O. Smith’s dividend payout ratio (DPR) is presently 43.24%.

In other A. O. Smith news, Director Ajita G. Rajendra sold 46,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $49.54, for a total value of $2,278,840.00. Following the sale, the director now directly owns 135,147 shares in the company, valued at $6,695,182.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.29% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. GQ Asset Management LLC acquired a new stake in A. O. Smith in the first quarter worth $32,000. Parallel Advisors LLC raised its holdings in A. O. Smith by 85.6% in the second quarter. Parallel Advisors LLC now owns 735 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 339 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of A. O. Smith during the second quarter worth $45,000. Fifth Third Bancorp raised its holdings in shares of A. O. Smith by 235.3% during the first quarter. Fifth Third Bancorp now owns 2,327 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 1,633 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of A. O. Smith by 44.4% during the first quarter. Tower Research Capital LLC TRC now owns 2,584 shares of the industrial products company’s stock worth $98,000 after acquiring an additional 795 shares during the period. Institutional investors own 80.17% of the company’s stock.

A. O. Smith Company Profile

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

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