Smith (A.O.) Corporation (NYSE:AOS)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust Banks, Inc. in a research note issued on Thursday. They currently have a $65.00 target price on the industrial products company’s stock. SunTrust Banks, Inc.’s target price would suggest a potential upside of 5.78% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Stifel Nicolaus reissued a “hold” rating and set a $59.00 price target on shares of Smith (A.O.) Corporation in a report on Thursday. Boenning Scattergood reissued a “buy” rating on shares of Smith (A.O.) Corporation in a report on Wednesday, July 26th. Robert W. Baird set a $61.00 price target on Smith (A.O.) Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. BMO Capital Markets reissued a “buy” rating and set a $60.00 price target on shares of Smith (A.O.) Corporation in a report on Friday, July 28th. Finally, BidaskClub cut Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $61.60.

Smith (NYSE AOS) traded up 1.32% during mid-day trading on Thursday, hitting $61.45. The stock had a trading volume of 554,671 shares. The stock’s 50 day moving average price is $57.86 and its 200 day moving average price is $55.21. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 31.19 and a beta of 1.50. Smith has a one year low of $43.66 and a one year high of $61.62.

Smith (A.O.) Corporation (NYSE:AOS) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $738.20 million during the quarter, compared to analysts’ expectations of $729.33 million. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS. Analysts forecast that Smith will post $2.11 EPS for the current year.

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In other Smith (A.O.) Corporation news, Director Paul W. Jones sold 60,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total transaction of $3,241,200.00. Following the transaction, the director now owns 277,465 shares in the company, valued at approximately $14,988,659.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.27% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Synovus Financial Corp increased its stake in shares of Smith (A.O.) Corporation by 0.3% in the 2nd quarter. Synovus Financial Corp now owns 3,650 shares of the industrial products company’s stock valued at $320,000 after purchasing an additional 12 shares during the last quarter. M&T Bank Corp increased its stake in shares of Smith (A.O.) Corporation by 0.5% in the 3rd quarter. M&T Bank Corp now owns 3,870 shares of the industrial products company’s stock valued at $382,000 after purchasing an additional 21 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Smith (A.O.) Corporation by 0.7% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 3,246 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 22 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of Smith (A.O.) Corporation by 1.0% in the 1st quarter. Meeder Asset Management Inc. now owns 2,548 shares of the industrial products company’s stock valued at $195,000 after purchasing an additional 25 shares during the last quarter. Finally, Pacad Investment Ltd. increased its stake in shares of Smith (A.O.) Corporation by 0.5% in the 4th quarter. Pacad Investment Ltd. now owns 5,930 shares of the industrial products company’s stock valued at $281,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 74.00% of the company’s stock.

Smith (A.O.) Corporation Company Profile

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.

Analyst Recommendations for Smith (A.O.) Corporation (NYSE:AOS)

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