A. O. Smith Corp (NYSE:AOS) Receives $55.14 Average Target Price from Brokerages

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A. O. Smith Corp (NYSE:AOS) has been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $55.14.

A number of research firms recently issued reports on AOS. ValuEngine upgraded shares of A. O. Smith from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Rosenblatt Securities started coverage on shares of A. O. Smith in a research note on Thursday, November 7th. They issued a “neutral” rating and a $52.00 price target for the company. TheStreet raised shares of A. O. Smith from a “c+” rating to a “b-” rating in a research note on Tuesday, September 10th. Finally, Northcoast Research reiterated a “buy” rating on shares of A. O. Smith in a report on Wednesday, October 2nd.

In related news, Chairman Ajita G. Rajendra sold 16,556 shares of A. O. Smith stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $49.47, for a total value of $819,025.32. Following the completion of the sale, the chairman now owns 78,163 shares of the company’s stock, valued at approximately $3,866,723.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark D. Smith sold 4,820 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $51.94, for a total transaction of $250,350.80. Following the completion of the transaction, the director now directly owns 109,113 shares in the company, valued at $5,667,329.22. The disclosure for this sale can be found here. 1.03% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in AOS. Dupont Capital Management Corp raised its holdings in A. O. Smith by 13.4% during the 2nd quarter. Dupont Capital Management Corp now owns 473,388 shares of the industrial products company’s stock valued at $22,325,000 after acquiring an additional 56,085 shares during the period. Boston Trust Walden Corp bought a new position in A. O. Smith in the 3rd quarter worth about $13,956,000. Great Lakes Advisors LLC boosted its stake in A. O. Smith by 1.7% in the 2nd quarter. Great Lakes Advisors LLC now owns 321,377 shares of the industrial products company’s stock worth $15,156,000 after purchasing an additional 5,375 shares during the period. Trillium Asset Management LLC grew its holdings in A. O. Smith by 8.9% during the 3rd quarter. Trillium Asset Management LLC now owns 182,726 shares of the industrial products company’s stock valued at $8,718,000 after buying an additional 14,959 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV purchased a new position in A. O. Smith during the 3rd quarter valued at about $221,000. Institutional investors and hedge funds own 79.37% of the company’s stock.

Shares of AOS stock opened at $46.37 on Monday. The company has a market cap of $7.89 billion, a P/E ratio of 17.77, a PEG ratio of 2.39 and a beta of 1.49. The stock has a 50 day simple moving average of $49.96 and a two-hundred day simple moving average of $46.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.64 and a current ratio of 2.06. A. O. Smith has a fifty-two week low of $40.38 and a fifty-two week high of $56.66.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, October 29th. 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 $728.20 million for the quarter, compared to analysts’ expectations of $752.61 million. A. O. Smith had a return on equity of 23.66% and a net margin of 13.26%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. On average, research analysts predict that A. O. Smith will post 2.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, October 30th. A. O. Smith’s dividend payout ratio is presently 36.78%.

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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