Smith (A.O.) Corporation (AOS) Receives “Hold” Rating from KeyCorp

KeyCorp reaffirmed their hold rating on shares of Smith (A.O.) Corporation (NYSE:AOS) in a research report released on Tuesday.

A number of other research analysts also recently weighed in on the company. BMO Capital Markets reaffirmed a buy rating and set a $60.00 price target on shares of Smith (A.O.) Corporation in a research note on Wednesday, September 6th. Robert W. Baird set a $61.00 price target on Smith (A.O.) Corporation and gave the stock a buy rating in a research note on Thursday, August 24th. Stifel Nicolaus reaffirmed a hold rating and set a $56.00 price target on shares of Smith (A.O.) Corporation in a research note on Friday, August 11th. BidaskClub downgraded Smith (A.O.) Corporation from a buy rating to a hold rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research downgraded Smith (A.O.) Corporation from a buy rating to a hold rating in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Smith (A.O.) Corporation presently has a consensus rating of Buy and a consensus target price of $66.83.

Smith (NYSE AOS) opened at 58.17 on Tuesday. The company’s 50 day moving average price is $54.60 and its 200-day moving average price is $53.86. The company has a market capitalization of $10.04 billion, a P/E ratio of 29.53 and a beta of 1.49. Smith has a 12-month low of $43.66 and a 12-month high of $58.24.

Smith (A.O.) Corporation (NYSE:AOS) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The business had revenue of $738.20 million for the quarter, compared to the consensus estimate of $729.33 million. During the same period in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts forecast that Smith will post $2.11 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Thursday, July 27th. Smith (A.O.) Corporation’s dividend payout ratio is currently 28.43%.

In other Smith (A.O.) Corporation news, Director Paul W. Jones sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total transaction of $3,241,200.00. Following the completion of the sale, the director now directly owns 277,465 shares of the company’s stock, valued at approximately $14,988,659.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.27% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of AOS. BlackRock Inc. increased its holdings in Smith (A.O.) Corporation by 4,592.7% during the 1st quarter. BlackRock Inc. now owns 13,065,205 shares of the industrial products company’s stock worth $668,415,000 after purchasing an additional 12,786,787 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Smith (A.O.) Corporation by 49,147.8% during the 2nd quarter. Janus Henderson Group PLC now owns 7,631,439 shares of the industrial products company’s stock worth $429,879,000 after purchasing an additional 7,615,943 shares in the last quarter. Janus Capital Management LLC increased its holdings in Smith (A.O.) Corporation by 18.5% during the 1st quarter. Janus Capital Management LLC now owns 8,349,956 shares of the industrial products company’s stock worth $427,184,000 after purchasing an additional 1,306,490 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Smith (A.O.) Corporation by 38.1% during the 1st quarter. Alliancebernstein L.P. now owns 3,679,499 shares of the industrial products company’s stock worth $188,243,000 after purchasing an additional 1,014,464 shares in the last quarter. Finally, State Street Corp increased its holdings in Smith (A.O.) Corporation by 12.5% during the 1st quarter. State Street Corp now owns 7,049,020 shares of the industrial products company’s stock worth $360,634,000 after purchasing an additional 781,403 shares in the last quarter. 74.10% of the stock is owned by hedge funds and other institutional investors.

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.

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

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