Boenning Scattergood upgraded shares of A. O. Smith (NYSE:AOS) from a neutral rating to an outperform rating in a report issued on Thursday morning, Marketbeat reports. Boenning Scattergood also issued estimates for A. O. Smith’s Q3 2018 earnings at $0.67 EPS, FY2018 earnings at $2.58 EPS, Q1 2019 earnings at $0.66 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.75 EPS, Q4 2019 earnings at $0.78 EPS and FY2019 earnings at $2.90 EPS. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research raised shares of A. O. Smith from a sell rating to a hold rating in a report on Thursday, January 11th. Robert W. Baird reissued a buy rating and set a $70.00 price objective on shares of A. O. Smith in a report on Wednesday, January 31st. Stifel Nicolaus reissued a hold rating and set a $59.00 price objective on shares of A. O. Smith in a report on Monday, December 11th. Finally, BMO Capital Markets reissued a buy rating and set a $78.00 price objective on shares of A. O. Smith in a report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $67.83.

A. O. Smith stock traded down $1.21 during midday trading on Thursday, reaching $63.27. 393,749 shares of the company’s stock traded hands, compared to its average volume of 1,028,235. The company has a quick ratio of 1.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.24. A. O. Smith has a fifty-two week low of $49.48 and a fifty-two week high of $68.39. The stock has a market capitalization of $11,259.70, a price-to-earnings ratio of 37.18, a P/E/G ratio of 1.92 and a beta of 1.52.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. The business had revenue of $768.60 million for the quarter, compared to analyst estimates of $767.45 million. During the same period in the previous year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. analysts forecast that A. O. Smith will post 2.57 EPS for the current year.

In other news, Director Mark D. Smith sold 2,600 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $62.73, for a total transaction of $163,098.00. Following the sale, the director now directly owns 109,609 shares of the company’s stock, valued at $6,875,772.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Wilfridus M. Brouwer sold 30,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $63.11, for a total transaction of $1,893,300.00. The disclosure for this sale can be found here. Insiders have sold 110,635 shares of company stock worth $7,149,622 over the last three months. Corporate insiders own 1.28% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its holdings in A. O. Smith by 14.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,551 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 1,048 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in A. O. Smith by 3.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 55,727 shares of the industrial products company’s stock valued at $3,415,000 after purchasing an additional 2,095 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in A. O. Smith by 44.2% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 85,018 shares of the industrial products company’s stock valued at $5,210,000 after purchasing an additional 26,062 shares during the last quarter. Hilton Capital Management LLC boosted its holdings in A. O. Smith by 12.4% in the fourth quarter. Hilton Capital Management LLC now owns 314,716 shares of the industrial products company’s stock valued at $19,286,000 after purchasing an additional 34,649 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in A. O. Smith by 20.8% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,400 shares of the industrial products company’s stock valued at $392,000 after purchasing an additional 1,100 shares during the last quarter. 74.44% of the stock is currently owned by institutional investors.

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About A. O. Smith

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 A. O. Smith (NYSE:AOS)

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