Smith (A.O.) Corporation (NYSE:AOS) has earned a consensus rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $55.00.
A number of equities analysts have recently commented on the company. Jefferies Group LLC restated a “buy” rating on shares of Smith (A.O.) Corporation in a report on Friday, July 14th. BidaskClub downgraded Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a report on Wednesday, July 26th. KeyCorp reiterated a “sector weight” rating on shares of Smith (A.O.) Corporation in a report on Friday, April 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st.
Shares of Smith (NYSE:AOS) opened at 54.03 on Monday. Smith has a 52-week low of $43.66 and a 52-week high of $57.97. The stock’s 50 day moving average is $55.91 and its 200 day moving average is $52.96. The stock has a market cap of $9.45 billion, a PE ratio of 27.43 and a beta of 1.51.
Smith (A.O.) Corporation (NYSE:AOS) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $738.20 million for the quarter, compared to analyst estimates of $729.33 million. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. Equities research analysts forecast that Smith will post $2.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.56 dividend on an annualized basis and a yield of 1.04%. Smith (A.O.) Corporation’s dividend payout ratio is currently 28.43%.
In other Smith (A.O.) Corporation news, VP James F. Stern sold 25,200 shares of Smith (A.O.) Corporation stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $54.45, for a total transaction of $1,372,140.00. Following the sale, the vice president now owns 176,583 shares of the company’s stock, valued at approximately $9,614,944.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul W. Jones sold 60,000 shares of Smith (A.O.) Corporation stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $54.02, for a total value of $3,241,200.00. Following the sale, the director now directly owns 277,465 shares in the company, valued at approximately $14,988,659.30. The disclosure for this sale can be found here. Insiders have sold a total of 105,400 shares of company stock valued at $5,734,444 in the last 90 days. Insiders own 1.27% of the company’s stock.
Several large investors have recently made changes to their positions in AOS. Korea Investment CORP bought a new stake in shares of Smith (A.O.) Corporation during the first quarter worth about $102,000. CENTRAL TRUST Co raised its stake in shares of Smith (A.O.) Corporation by 3.7% in the second quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock worth $105,000 after buying an additional 66 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Smith (A.O.) Corporation during the second quarter worth $113,000. Van ECK Associates Corp increased its position in shares of Smith (A.O.) Corporation by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,226 shares of the industrial products company’s stock worth $114,000 after buying an additional 145 shares in the last quarter. Finally, Creative Planning increased its position in shares of Smith (A.O.) Corporation by 130.9% in the first quarter. Creative Planning now owns 2,949 shares of the industrial products company’s stock worth $151,000 after buying an additional 1,672 shares in the last quarter. 74.64% of the stock is currently owned by institutional investors.
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About Smith (A.O.) Corporation
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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