A. O. Smith Corp (AOS) Receives $60.25 Consensus PT from Analysts

A. O. Smith Corp (NYSE:AOS) has earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $60.25.

AOS has been the topic of several recent analyst reports. ValuEngine raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. Zacks Investment Research downgraded shares of A. O. Smith from a “hold” rating to a “sell” rating in a report on Monday, December 31st. BMO Capital Markets downgraded shares of A. O. Smith from an “outperform” rating to a “market perform” rating and set a $53.00 target price on the stock. in a report on Wednesday, January 30th. Boenning Scattergood restated a “buy” rating on shares of A. O. Smith in a report on Tuesday, January 29th. Finally, KeyCorp raised their target price on shares of A. O. Smith from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, March 12th.

In other news, Director Paul W. Jones sold 20,000 shares of A. O. Smith stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $49.00, for a total value of $980,000.00. Following the sale, the director now directly owns 180,967 shares in the company, valued at $8,867,383. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wallace E. Goodwin sold 13,200 shares of A. O. Smith stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $50.02, for a total transaction of $660,264.00. The disclosure for this sale can be found here. Insiders have sold a total of 38,036 shares of company stock worth $1,879,646 over the last 90 days. Corporate insiders own 1.03% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Private Capital Group LLC raised its holdings in shares of A. O. Smith by 12.5% in the fourth quarter. Private Capital Group LLC now owns 2,080 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 231 shares during the last quarter. First Hawaiian Bank raised its holdings in shares of A. O. Smith by 1.5% in the fourth quarter. First Hawaiian Bank now owns 15,637 shares of the industrial products company’s stock valued at $667,000 after purchasing an additional 237 shares during the last quarter. Lbmc Investment Advisors LLC raised its holdings in shares of A. O. Smith by 0.5% in the fourth quarter. Lbmc Investment Advisors LLC now owns 55,640 shares of the industrial products company’s stock valued at $2,376,000 after purchasing an additional 263 shares during the last quarter. ETF Managers Group LLC raised its holdings in shares of A. O. Smith by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 2,050 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 279 shares during the last quarter. Finally, Bath Savings Trust Co raised its holdings in shares of A. O. Smith by 6.5% in the fourth quarter. Bath Savings Trust Co now owns 7,085 shares of the industrial products company’s stock valued at $302,000 after purchasing an additional 435 shares during the last quarter. Institutional investors own 76.60% of the company’s stock.

A. O. Smith stock opened at $53.32 on Wednesday. A. O. Smith has a fifty-two week low of $40.34 and a fifty-two week high of $66.21. The company has a market cap of $8.93 billion, a P/E ratio of 20.43, a PEG ratio of 1.71 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.70 and a current ratio of 2.09.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. A. O. Smith had a net margin of 13.93% and a return on equity of 26.00%. The business had revenue of $812.50 million for the quarter, compared to analyst estimates of $821.35 million. During the same quarter last year, the firm earned $0.60 EPS. A. O. Smith’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts expect that A. O. Smith will post 2.72 EPS for the current fiscal year.

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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