A. O. Smith (AOS) Stock Rating Lowered by Edward Jones

Edward Jones downgraded shares of A. O. Smith (NYSE:AOS) from a buy rating to a hold rating in a research report released on Monday, The Fly reports.

A number of other equities analysts have also commented on AOS. Boenning Scattergood reiterated a buy rating on shares of A. O. Smith in a report on Tuesday, January 29th. Oppenheimer reiterated a hold rating on shares of A. O. Smith in a report on Tuesday, January 29th. BMO Capital Markets lowered shares of A. O. Smith from an outperform rating to a market perform rating and set a $53.00 price objective on the stock. in a report on Wednesday, January 30th. Zacks Investment Research lowered shares of A. O. Smith from a hold rating to a sell rating in a report on Thursday, January 31st. Finally, KeyCorp boosted their target price on shares of A. O. Smith from $53.00 to $60.00 and gave the stock an overweight rating in a research report on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $58.12.

Shares of AOS stock opened at $43.26 on Monday. A. O. Smith has a 12 month low of $40.34 and a 12 month high of $65.57. The company has a current ratio of 2.25, a quick ratio of 1.82 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.65 and a beta of 1.35.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). A. O. Smith had a return on equity of 25.01% and a net margin of 13.81%. The firm had revenue of $748.20 million during the quarter, compared to analyst estimates of $764.16 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. Sell-side analysts forecast that A. O. Smith will post 2.71 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, April 29th. A. O. Smith’s payout ratio is currently 33.72%.

In other news, Director Paul W. Jones sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $49.50, for a total value of $49,500.00. Following the completion of the sale, the director now owns 182,266 shares of the company’s stock, valued at approximately $9,022,167. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald D. Brown sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $52.45, for a total transaction of $419,600.00. Following the completion of the sale, the director now directly owns 35,896 shares of the company’s stock, valued at approximately $1,882,745.20. The disclosure for this sale can be found here. Insiders sold a total of 18,010 shares of company stock valued at $944,468 in the last three months. Insiders own 1.03% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Bremer Bank National Association bought a new stake in shares of A. O. Smith during the 1st quarter valued at about $25,000. Bremer Trust National Association bought a new stake in shares of A. O. Smith during the 4th quarter valued at about $26,000. Huntington National Bank grew its position in shares of A. O. Smith by 82.2% during the 1st quarter. Huntington National Bank now owns 512 shares of the industrial products company’s stock valued at $27,000 after buying an additional 231 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of A. O. Smith during the 1st quarter valued at about $29,000. Finally, Signaturefd LLC grew its position in shares of A. O. Smith by 67.6% during the 1st quarter. Signaturefd LLC now owns 538 shares of the industrial products company’s stock valued at $29,000 after buying an additional 217 shares during the last quarter. 75.29% of the stock is owned by institutional investors and hedge funds.

About A. O. Smith

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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