Smith (A.O.) Corporation (AOS) Given Buy Rating at SunTrust Banks, Inc.

Smith (A.O.) Corporation (NYSE:AOS)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks, Inc. in a research report issued on Thursday. They presently have a $65.00 price target on the industrial products company’s stock. SunTrust Banks, Inc.’s price target suggests a potential upside of 5.78% from the company’s previous close.

Other research analysts have also issued reports about the stock. Stifel Nicolaus reissued a “hold” rating and set a $59.00 target price on shares of Smith (A.O.) Corporation in a research note on Thursday. Boenning Scattergood reissued a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Wednesday, July 26th. Robert W. Baird set a $61.00 target price on shares of Smith (A.O.) Corporation and gave the company a “buy” rating in a research note on Thursday, August 24th. BMO Capital Markets reissued a “buy” rating and set a $60.00 target price on shares of Smith (A.O.) Corporation in a research note on Friday, July 28th. Finally, BidaskClub lowered shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.60.

Smith (AOS) traded up 1.32% on Thursday, reaching $61.45. 554,671 shares of the company traded hands. Smith has a 12 month low of $43.66 and a 12 month high of $61.62. The company has a 50-day moving average price of $57.86 and a 200-day moving average price of $55.21. The company has a market capitalization of $10.60 billion, a P/E ratio of 31.19 and a beta of 1.50.

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

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In other Smith (A.O.) Corporation news, Director Paul W. Jones sold 60,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $54.02, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.27% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AOS. Toronto Dominion Bank raised its position in shares of Smith (A.O.) Corporation by 11.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock worth $102,000 after buying an additional 191 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Smith (A.O.) Corporation by 973.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the industrial products company’s stock worth $103,000 after buying an additional 1,655 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Smith (A.O.) Corporation by 3.7% during the 2nd 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Smith (A.O.) Corporation by 6.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock worth $112,000 after buying an additional 119 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of Smith (A.O.) Corporation during the 2nd quarter worth about $113,000. Institutional investors own 74.00% of the company’s stock.

Smith (A.O.) Corporation 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.

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

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