A. O. Smith (NYSE:AOS) Lowered to Buy at StockNews.com

StockNews.com lowered shares of A. O. Smith (NYSE:AOSFree Report) from a strong-buy rating to a buy rating in a research report sent to investors on Monday morning.

Several other equities research analysts also recently weighed in on AOS. Stifel Nicolaus raised their price target on shares of A. O. Smith from $74.00 to $80.00 and gave the company a hold rating in a research report on Tuesday, December 19th. Citigroup raised their price target on shares of A. O. Smith from $76.00 to $82.00 and gave the company a neutral rating in a research report on Monday, December 11th. Finally, Northcoast Research raised shares of A. O. Smith from a neutral rating to a buy rating and set a $90.00 price target for the company in a research report on Tuesday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, A. O. Smith presently has an average rating of Hold and an average price target of $83.40.

Get Our Latest Report on AOS

A. O. Smith Price Performance

Shares of NYSE AOS opened at $81.28 on Monday. A. O. Smith has a fifty-two week low of $63.40 and a fifty-two week high of $82.77. The company has a 50 day simple moving average of $80.15 and a two-hundred day simple moving average of $73.98. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 2.20 and a beta of 1.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.59.

A. O. Smith (NYSE:AOSGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. The company had revenue of $988.10 million during the quarter, compared to the consensus estimate of $985.89 million. A. O. Smith had a net margin of 14.45% and a return on equity of 31.05%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. Analysts expect that A. O. Smith will post 4.07 EPS for the current fiscal year.

A. O. Smith Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Tuesday, January 30th. A. O. Smith’s dividend payout ratio is presently 34.59%.

Insider Transactions at A. O. Smith

In other news, Director Idelle K. Wolf sold 1,000 shares of A. O. Smith stock in a transaction on Friday, November 17th. The shares were sold at an average price of $76.16, for a total transaction of $76,160.00. Following the transaction, the director now owns 47,954 shares in the company, valued at approximately $3,652,176.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Idelle K. Wolf sold 814 shares of A. O. Smith stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total transaction of $65,120.00. Following the transaction, the director now owns 46,140 shares in the company, valued at approximately $3,691,200. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Idelle K. Wolf sold 1,000 shares of A. O. Smith stock in a transaction on Friday, November 17th. The shares were sold at an average price of $76.16, for a total transaction of $76,160.00. Following the transaction, the director now owns 47,954 shares in the company, valued at approximately $3,652,176.64. The disclosure for this sale can be found here. Insiders have sold 4,514 shares of company stock worth $346,507 in the last 90 days. 0.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its stake in shares of A. O. Smith by 4.1% during the 2nd quarter. Asset Management One Co. Ltd. now owns 54,314 shares of the industrial products company’s stock valued at $3,953,000 after buying an additional 2,122 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in A. O. Smith by 44.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,736 shares of the industrial products company’s stock valued at $842,000 after acquiring an additional 3,908 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in A. O. Smith in the 2nd quarter valued at $3,915,000. Barclays PLC increased its holdings in A. O. Smith by 125.8% in the 2nd quarter. Barclays PLC now owns 207,030 shares of the industrial products company’s stock valued at $15,067,000 after acquiring an additional 115,355 shares during the last quarter. Finally, Achmea Investment Management B.V. increased its holdings in A. O. Smith by 23.2% in the 3rd quarter. Achmea Investment Management B.V. now owns 98,969 shares of the industrial products company’s stock valued at $6,545,000 after acquiring an additional 18,658 shares during the last quarter. Hedge funds and other institutional investors own 74.48% of the company’s stock.

About A. O. Smith

(Get Free Report)

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, 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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