Shares of Smith (A.O.) Corporation (NYSE:AOS) have earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $63.50.

Several research firms have recently weighed in on AOS. Boenning Scattergood lowered Smith (A.O.) from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 25th. Robert W. Baird set a $61.00 target price on Smith (A.O.) and gave the stock a “buy” rating in a research report on Thursday, August 24th. BMO Capital Markets reaffirmed a “buy” rating and issued a $60.00 target price on shares of Smith (A.O.) in a research report on Wednesday, September 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $59.00 target price on shares of Smith (A.O.) in a research report on Thursday, October 12th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Smith (A.O.) in a research report on Tuesday, September 12th.

In other Smith (A.O.) news, CEO Ajita G. Rajendra sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $61.81, for a total transaction of $927,150.00. Following the transaction, the chief executive officer now directly owns 299,369 shares in the company, valued at $18,503,997.89. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark A. Petrarca sold 5,288 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $63.14, for a total value of $333,884.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,156 shares of company stock worth $6,092,537. Corporate insiders own 1.27% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. State of Tennessee Treasury Department increased its stake in shares of Smith (A.O.) by 143.9% in the second quarter. State of Tennessee Treasury Department now owns 536,200 shares of the industrial products company’s stock worth $30,204,000 after purchasing an additional 316,400 shares during the period. KBC Group NV increased its stake in shares of Smith (A.O.) by 372.8% in the third quarter. KBC Group NV now owns 503,178 shares of the industrial products company’s stock worth $29,904,000 after purchasing an additional 396,752 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Smith (A.O.) by 6.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 553,602 shares of the industrial products company’s stock worth $31,185,000 after purchasing an additional 33,790 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Smith (A.O.) by 23.3% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,271 shares of the industrial products company’s stock worth $2,719,000 after buying an additional 9,130 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Smith (A.O.) during the third quarter worth about $934,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

Smith (NYSE AOS) traded down $0.18 on Thursday, reaching $61.40. The company had a trading volume of 700,300 shares, compared to its average volume of 1,005,535. Smith has a 12-month low of $46.44 and a 12-month high of $63.70. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 0.27. The firm has a market cap of $10,587.33, a PE ratio of 30.19, a P/E/G ratio of 2.32 and a beta of 1.55.

Smith (A.O.) (NYSE:AOS) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. Smith (A.O.) had a return on equity of 22.42% and a net margin of 12.18%. The firm had revenue of $749.90 million for the quarter, compared to analysts’ expectations of $741.28 million. During the same period last year, the firm earned $0.47 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. equities analysts predict that Smith will post 2.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.56 annualized dividend and a yield of 0.91%. Smith (A.O.)’s dividend payout ratio (DPR) is currently 27.45%.

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Smith (A.O.) 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.) (NYSE:AOS)

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