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.
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%.
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.
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