A. O. Smith Co. (NYSE:AOS – Get Free Report) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $89.67.
Several analysts have commented on the stock. Robert W. Baird lowered their target price on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus raised shares of A. O. Smith from a “hold” rating to a “buy” rating and upped their price objective for the company from $97.00 to $98.00 in a research report on Wednesday, July 24th. StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, UBS Group increased their price target on shares of A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, July 8th.
A. O. Smith Stock Up 0.9 %
A. O. Smith (NYSE:AOS – Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. A. O. Smith had a return on equity of 31.04% and a net margin of 14.67%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. On average, research analysts expect that A. O. Smith will post 4.07 earnings per share for the current fiscal year.
A. O. Smith Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.34 per share. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 1.54%. A. O. Smith’s payout ratio is 33.16%.
Insider Activity
In other A. O. Smith news, SVP Samuel M. Carver sold 14,705 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total value of $1,191,105.00. Following the completion of the transaction, the senior vice president now directly owns 2,399 shares of the company’s stock, valued at approximately $194,319. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.
Institutional Investors Weigh In On A. O. Smith
Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in A. O. Smith by 7.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 134 shares during the last quarter. Algebris UK Ltd boosted its position in A. O. Smith by 2.3% during the 1st quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock worth $506,000 after buying an additional 140 shares during the period. Empirical Finance LLC boosted its position in A. O. Smith by 3.3% during the 1st quarter. Empirical Finance LLC now owns 4,618 shares of the industrial products company’s stock worth $413,000 after buying an additional 149 shares during the period. American International Group Inc. raised its holdings in A. O. Smith by 0.5% during the 4th quarter. American International Group Inc. now owns 33,231 shares of the industrial products company’s stock worth $2,740,000 after purchasing an additional 163 shares during the last quarter. Finally, Kessler Investment Group LLC raised its holdings in A. O. Smith by 3.5% during the 2nd quarter. Kessler Investment Group LLC now owns 5,087 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 173 shares during the last quarter. Institutional investors own 76.10% 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, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.
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