Brokerages Set A. O. Smith Co. (NYSE:AOS) PT at $70.60

A. O. Smith Co. (NYSE:AOSGet Rating) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $70.60.

AOS has been the topic of several recent research reports. Northcoast Research initiated coverage on A. O. Smith in a research note on Monday, July 18th. They issued a “buy” rating on the stock. UBS Group dropped their price target on A. O. Smith from $85.00 to $64.00 and set a “neutral” rating on the stock in a research note on Friday, May 20th. Stifel Nicolaus lowered their target price on A. O. Smith from $59.00 to $58.00 in a research report on Wednesday, July 20th. Robert W. Baird downgraded A. O. Smith from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $72.00 to $60.00 in a research report on Thursday, July 14th. Finally, Longbow Research raised A. O. Smith from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Wednesday, July 6th.

A. O. Smith Stock Performance

Shares of A. O. Smith stock opened at $52.27 on Monday. The company has a market capitalization of $8.07 billion, a PE ratio of 16.03, a PEG ratio of 1.79 and a beta of 1.21. A. O. Smith has a 12 month low of $51.72 and a 12 month high of $86.74. The company has a current ratio of 1.76, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $59.08 and its 200 day simple moving average is $60.81.

A. O. Smith (NYSE:AOSGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The industrial products company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. A. O. Smith had a return on equity of 28.47% and a net margin of 13.42%. The business had revenue of $965.90 million for the quarter, compared to the consensus estimate of $959.82 million. During the same quarter last year, the business posted $0.73 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts predict that A. O. Smith will post 3.49 EPS for the current year.

A. O. Smith Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 29th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Thursday, July 28th. A. O. Smith’s dividend payout ratio is presently 34.36%.

Institutional Trading of A. O. Smith

Institutional investors have recently bought and sold shares of the business. Centerpoint Advisors LLC acquired a new stake in shares of A. O. Smith in the 1st quarter valued at approximately $28,000. Ellevest Inc. increased its stake in A. O. Smith by 189.5% during the 1st quarter. Ellevest Inc. now owns 440 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 288 shares in the last quarter. Artemis Wealth Advisors LLC bought a new stake in A. O. Smith during the 1st quarter valued at $30,000. Heritage Financial Services LLC purchased a new position in A. O. Smith during the 2nd quarter worth $26,000. Finally, Zullo Investment Group Inc. boosted its holdings in shares of A. O. Smith by 450.9% in the 1st quarter. Zullo Investment Group Inc. now owns 595 shares of the industrial products company’s stock worth $38,000 after buying an additional 487 shares during the last quarter. Institutional investors own 76.34% of the company’s stock.

A. O. Smith Company Profile

(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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