Brokerages Set Smith (A.O.) Co. (AOS) Price Target at $68.00

Smith (A.O.) Co. (NYSE:AOS) has been given an average recommendation of “Buy” by the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $69.33.

Several equities analysts recently issued reports on AOS shares. Goldman Sachs upgraded Smith (A.O.) from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 4th. ValuEngine upgraded Smith (A.O.) from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Zacks Investment Research lowered Smith (A.O.) from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. BMO Capital Markets reiterated a “buy” rating and issued a $78.00 price objective on shares of Smith (A.O.) in a research report on Friday, January 26th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $70.00 price objective on shares of Smith (A.O.) in a research report on Wednesday, January 31st.

In other Smith (A.O.) news, insider Wilfridus M. Brouwer sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $63.11, for a total transaction of $1,893,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert J. Heideman sold 11,606 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $61.74, for a total value of $716,554.44. Following the transaction, the vice president now directly owns 34,099 shares of the company’s stock, valued at approximately $2,105,272.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,635 shares of company stock valued at $7,149,622. Insiders own 1.28% of the company’s stock.



A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Smith (A.O.) by 0.5% during the 4th quarter. BlackRock Inc. now owns 9,903,069 shares of the industrial products company’s stock worth $606,860,000 after acquiring an additional 52,134 shares during the last quarter. Alliancebernstein L.P. boosted its position in Smith (A.O.) by 15.5% during the 4th quarter. Alliancebernstein L.P. now owns 4,074,225 shares of the industrial products company’s stock worth $249,669,000 after acquiring an additional 547,648 shares during the last quarter. Impax Asset Management LTD boosted its position in Smith (A.O.) by 5.0% during the 4th quarter. Impax Asset Management LTD now owns 1,935,569 shares of the industrial products company’s stock worth $118,612,000 after acquiring an additional 91,809 shares during the last quarter. Geode Capital Management LLC boosted its position in Smith (A.O.) by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 1,740,078 shares of the industrial products company’s stock worth $106,429,000 after acquiring an additional 39,859 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Smith (A.O.) by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,143,742 shares of the industrial products company’s stock worth $70,089,000 after acquiring an additional 10,580 shares during the last quarter. 74.86% of the stock is owned by hedge funds and other institutional investors.

Smith (A.O.) stock opened at $63.79 on Wednesday. The stock has a market cap of $10,974.99, a PE ratio of 29.40, a P/E/G ratio of 1.87 and a beta of 1.52. Smith has a 1 year low of $49.64 and a 1 year high of $68.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.24 and a quick ratio of 1.87.

Smith (A.O.) (NYSE:AOS) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Smith (A.O.) had a return on equity of 23.30% and a net margin of 9.89%. The business had revenue of $768.60 million during the quarter, compared to analyst estimates of $767.45 million. During the same period in the previous year, the firm earned $0.47 EPS. Smith (A.O.)’s quarterly revenue was up 10.1% compared to the same quarter last year. equities analysts forecast that Smith will post 2.57 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, April 27th. Smith (A.O.)’s dividend payout ratio (DPR) is currently 33.18%.

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About Smith (A.O.)

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large 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 filtrations products for residences, restaurants, hotels, and offices.

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

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