A. O. Smith Corp (AOS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of A. O. Smith Corp (NYSE:AOS) have received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $57.00.

AOS has been the topic of a number of research analyst reports. Boenning Scattergood reissued a “buy” rating on shares of A. O. Smith in a research note on Tuesday, January 29th. Oppenheimer restated a “hold” rating on shares of A. O. Smith in a report on Tuesday, January 29th. BMO Capital Markets downgraded 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 downgraded A. O. Smith from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Finally, KeyCorp raised their price objective on 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 A. O. Smith news, VP Paul R. Dana sold 9,010 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $52.76, for a total transaction of $475,367.60. Following the completion of the transaction, the vice president now owns 14,912 shares in the company, valued at approximately $786,757.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul W. Jones sold 1,000 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $49.50, for a total value of $49,500.00. Following the transaction, the director now owns 182,266 shares of the company’s stock, valued at approximately $9,022,167. The disclosure for this sale can be found here. Insiders have sold a total of 18,010 shares of company stock valued at $944,468 in the last 90 days. Insiders own 1.03% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of A. O. Smith by 37.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 473,359 shares of the industrial products company’s stock worth $25,263,000 after buying an additional 128,627 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of A. O. Smith by 1.1% in the 3rd quarter. Teachers Advisors LLC now owns 493,675 shares of the industrial products company’s stock worth $26,347,000 after buying an additional 5,304 shares in the last quarter. Standard Life Aberdeen plc raised its stake in shares of A. O. Smith by 16.9% in the 3rd quarter. Standard Life Aberdeen plc now owns 40,455 shares of the industrial products company’s stock worth $2,160,000 after buying an additional 5,859 shares in the last quarter. Legal & General Group Plc raised its stake in shares of A. O. Smith by 9.2% in the 3rd quarter. Legal & General Group Plc now owns 279,504 shares of the industrial products company’s stock worth $14,917,000 after buying an additional 23,553 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of A. O. Smith by 24.3% in the 3rd quarter. Morgan Stanley now owns 4,323,398 shares of the industrial products company’s stock worth $230,740,000 after buying an additional 845,117 shares in the last quarter. Institutional investors own 75.29% of the company’s stock.

NYSE:AOS traded up $1.34 during mid-day trading on Thursday, reaching $44.60. The company’s stock had a trading volume of 3,062,418 shares, compared to its average volume of 1,711,036. The company has a current ratio of 2.25, a quick ratio of 1.82 and a debt-to-equity ratio of 0.18. A. O. Smith has a twelve month low of $40.34 and a twelve month high of $65.57. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.65 and a beta of 1.35.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.53 earnings per share (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 business had revenue of $748.20 million during the quarter, compared to analyst estimates of $764.16 million. During the same period in the previous year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, research analysts forecast that A. O. Smith will post 2.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a dividend of $0.22 per share. The ex-dividend date was Monday, April 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.97%. A. O. Smith’s dividend payout ratio is currently 33.72%.

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

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