A. O. Smith Co. (NYSE:AOS) Receives $80.40 Consensus Price Target from Analysts

Shares of A. O. Smith Co. (NYSE:AOSGet Rating) have been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $80.40.

Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of A. O. Smith from a “strong-buy” rating to a “hold” rating and set a $89.00 price objective for the company. in a research note on Tuesday, December 28th. Oppenheimer reiterated a “hold” rating on shares of A. O. Smith in a research note on Wednesday, December 15th. Finally, StockNews.com began coverage on shares of A. O. Smith in a report on Thursday, March 31st. They set a “buy” rating for the company.

In other A. O. Smith news, Director Michael M. Larsen bought 3,925 shares of A. O. Smith stock in a transaction that occurred on Tuesday, February 22nd. The stock was purchased at an average price of $69.87 per share, with a total value of $274,239.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.66% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Paragon Capital Management Ltd acquired a new stake in shares of A. O. Smith in the fourth quarter valued at about $30,000. WASHINGTON TRUST Co grew its position in shares of A. O. Smith by 60.4% in the fourth quarter. WASHINGTON TRUST Co now owns 449 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 169 shares during the period. National Bank of Canada FI acquired a new stake in shares of A. O. Smith in the fourth quarter valued at about $49,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of A. O. Smith in the fourth quarter valued at about $71,000. Finally, Eagle Bay Advisors LLC grew its position in shares of A. O. Smith by 1,737.5% in the third quarter. Eagle Bay Advisors LLC now owns 882 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 834 shares during the period. 76.28% of the stock is owned by institutional investors.

NYSE:AOS opened at $62.87 on Friday. A. O. Smith has a 12 month low of $60.39 and a 12 month high of $86.74. The firm has a fifty day simple moving average of $68.70 and a 200-day simple moving average of $73.80. The company has a current ratio of 1.57, a quick ratio of 1.17 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $9.89 billion, a P/E ratio of 20.82, a PEG ratio of 1.97 and a beta of 1.18.

A. O. Smith (NYSE:AOSGet Rating) last posted its quarterly earnings data on Thursday, January 27th. The industrial products company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.10. A. O. Smith had a net margin of 13.76% and a return on equity of 26.35%. The business had revenue of $995.50 million during the quarter, compared to the consensus estimate of $963.75 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities analysts forecast that A. O. Smith will post 3.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 15th. Investors of record on Monday, January 31st were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, January 28th. This represents a $1.12 annualized dividend and a dividend yield of 1.78%. A. O. Smith’s dividend payout ratio (DPR) is presently 37.09%.

About A. O. Smith (Get Rating)

A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump 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; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices.

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