A number of other equities research analysts have also weighed in on the stock. Edward Jones lowered shares of A. O. Smith from a buy rating to a hold rating in a research note on Monday, May 20th. TheStreet cut shares of A. O. Smith from a b- rating to a c+ rating in a report on Monday, August 5th. Zacks Investment Research cut shares of A. O. Smith from a hold rating to a sell rating and set a $48.00 price objective for the company. in a report on Wednesday, June 26th. Boenning Scattergood cut shares of A. O. Smith from an outperform rating to a neutral rating and set a $52.98 price objective for the company. in a report on Wednesday, May 1st. Finally, Jefferies Financial Group began coverage on shares of A. O. Smith in a report on Wednesday, July 10th. They set a hold rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. A. O. Smith presently has an average rating of Hold and an average price target of $54.25.
Shares of NYSE:AOS opened at $46.60 on Friday. The firm has a fifty day moving average price of $45.17 and a two-hundred day moving average price of $48.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.19 and a quick ratio of 1.74. A. O. Smith has a one year low of $40.34 and a one year high of $61.08. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 2.22 and a beta of 1.54.
A. O. Smith declared that its board has initiated a share repurchase program on Monday, June 3rd that allows the company to buyback $300.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Tuesday, July 30th. A. O. Smith’s dividend payout ratio is presently 33.72%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in A. O. Smith by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 16,033,885 shares of the industrial products company’s stock worth $756,157,000 after buying an additional 63,150 shares during the last quarter. BlackRock Inc. increased its holdings in shares of A. O. Smith by 20.6% during the 2nd quarter. BlackRock Inc. now owns 11,696,207 shares of the industrial products company’s stock valued at $551,594,000 after purchasing an additional 1,994,155 shares in the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of A. O. Smith by 23.5% during the 2nd quarter. Pictet Asset Management Ltd. now owns 3,319,315 shares of the industrial products company’s stock valued at $156,539,000 after purchasing an additional 632,037 shares in the last quarter. Invesco Ltd. increased its holdings in shares of A. O. Smith by 11.4% during the 2nd quarter. Invesco Ltd. now owns 2,693,018 shares of the industrial products company’s stock valued at $127,003,000 after purchasing an additional 274,714 shares in the last quarter. Finally, Viking Global Investors LP purchased a new position in shares of A. O. Smith during the 2nd quarter valued at approximately $115,641,000. 75.44% of the stock is owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for A. O. Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith and related companies with MarketBeat.com's FREE daily email newsletter.