Rosenblatt Securities reissued their hold rating on shares of A. O. Smith (NYSE:AOS) in a research report released on Thursday morning, AnalystRatings.com reports. Rosenblatt Securities currently has a $48.00 price target on the industrial products company’s stock.
A number of other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of A. O. Smith from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research note on Tuesday, July 7th. UBS Group started coverage on shares of A. O. Smith in a research note on Friday, May 29th. They issued a buy rating and a $54.00 price target for the company. Oppenheimer restated a hold rating on shares of A. O. Smith in a research note on Thursday. Boenning Scattergood upgraded shares of A. O. Smith from a neutral rating to an outperform rating in a research note on Wednesday, May 6th. Finally, Cfra dropped their price target on shares of A. O. Smith from $39.00 to $32.00 and set a strong sell rating for the company in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $45.00.
AOS opened at $48.14 on Thursday. The firm has a market capitalization of $7.76 billion, a P/E ratio of 26.31, a P/E/G ratio of 3.34 and a beta of 1.28. The firm’s 50 day moving average is $48.34 and its 200-day moving average is $43.93. A. O. Smith has a 52-week low of $33.81 and a 52-week high of $53.72. The company has a quick ratio of 1.62, a current ratio of 1.96 and a debt-to-equity ratio of 0.19.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.96 annualized dividend and a yield of 1.99%. A. O. Smith’s payout ratio is 43.24%.
In other A. O. Smith news, Director Ajita G. Rajendra sold 46,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $49.54, for a total transaction of $2,278,840.00. Following the completion of the sale, the director now owns 135,147 shares in the company, valued at $6,695,182.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its stake in A. O. Smith by 1.6% during the second quarter. CIBC Asset Management Inc now owns 12,775 shares of the industrial products company’s stock valued at $602,000 after purchasing an additional 197 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in A. O. Smith by 1.3% during the first quarter. Mutual of America Capital Management LLC now owns 19,154 shares of the industrial products company’s stock valued at $724,000 after purchasing an additional 251 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of A. O. Smith by 9.2% during the first quarter. Synovus Financial Corp now owns 3,509 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 296 shares during the period. Lbmc Investment Advisors LLC boosted its holdings in shares of A. O. Smith by 0.5% during the first quarter. Lbmc Investment Advisors LLC now owns 56,986 shares of the industrial products company’s stock valued at $2,155,000 after acquiring an additional 304 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of A. O. Smith by 85.6% during the second quarter. Parallel Advisors LLC now owns 735 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 339 shares during the period. Hedge funds and other institutional investors own 80.17% of the company’s stock.
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.
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