Smith (A.O.) Corporation (AOS) Given Consensus Recommendation of “Buy” by Analysts

Smith (A.O.) Corporation (NYSE:AOS) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $55.00.

AOS has been the topic of several analyst reports. Zacks Investment Research raised shares of Smith (A.O.) Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Thursday, April 13th. KeyCorp reaffirmed 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. Jefferies Group LLC reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a report on Friday, July 14th. BidaskClub lowered shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $60.00 price target on shares of Smith (A.O.) Corporation in a report on Friday, July 28th.

Smith (NYSE AOS) traded down 0.68% during trading on Friday, reaching $54.03. The company had a trading volume of 1,269,083 shares. The stock has a 50 day moving average of $56.14 and a 200-day moving average of $52.78. Smith has a 12-month low of $43.66 and a 12-month high of $57.97. The stock has a market capitalization of $9.45 billion, a P/E ratio of 27.43 and a beta of 1.51.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.56 annualized dividend and a dividend yield of 1.04%. Smith (A.O.) Corporation’s payout ratio is currently 28.43%.

In other news, 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 transaction of $3,241,200.00. Following the completion of the sale, the director now directly owns 277,465 shares in the company, valued at $14,988,659.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald D. Brown sold 8,000 shares of Smith (A.O.) Corporation stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $54.25, for a total transaction of $434,000.00. Following the sale, the director now owns 43,896 shares of the company’s stock, valued at $2,381,358. The disclosure for this sale can be found here. Insiders have sold 105,400 shares of company stock valued at $5,734,444 over the last quarter. Insiders own 1.27% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Conestoga Capital Advisors LLC increased its stake in Smith (A.O.) Corporation by 94.0% in the first quarter. Conestoga Capital Advisors LLC now owns 24,915 shares of the industrial products company’s stock valued at $1,275,000 after buying an additional 12,075 shares during the last quarter. Arizona State Retirement System increased its stake in Smith (A.O.) Corporation by 7.6% in the first quarter. Arizona State Retirement System now owns 61,300 shares of the industrial products company’s stock valued at $3,136,000 after buying an additional 4,314 shares during the last quarter. Credit Suisse AG increased its stake in Smith (A.O.) Corporation by 2.1% in the first quarter. Credit Suisse AG now owns 397,500 shares of the industrial products company’s stock valued at $20,336,000 after buying an additional 8,207 shares during the last quarter. Somerset Trust Co increased its stake in Smith (A.O.) Corporation by 0.4% in the second quarter. Somerset Trust Co now owns 12,433 shares of the industrial products company’s stock valued at $701,000 after buying an additional 55 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Smith (A.O.) Corporation by 94.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 399,201 shares of the industrial products company’s stock valued at $18,903,000 after buying an additional 193,923 shares during the last quarter. Institutional investors and hedge funds own 74.64% of the company’s stock.

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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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