A. O. Smith Corp (NYSE:AOS) has received an average recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $57.00.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of A. O. Smith from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. ValuEngine lowered shares of A. O. Smith from a “hold” rating to a “sell” rating in a research report on Tuesday. Boenning Scattergood lowered shares of A. O. Smith from an “outperform” rating to a “neutral” rating and set a $52.98 price objective on the stock. in a research report on Wednesday, May 1st. Finally, KeyCorp boosted their price objective on shares of A. O. Smith from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 12th.

A. O. Smith stock traded down $3.55 during midday trading on Thursday, hitting $44.75. 3,888,415 shares of the stock were exchanged, compared to its average volume of 1,486,871. A. O. Smith has a 52 week low of $40.34 and a 52 week high of $65.57. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.81 and a beta of 1.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 1.82.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). A. O. Smith had a net margin of 13.81% and a return on equity of 25.01%. The company had revenue of $748.20 million during the quarter, compared to the consensus estimate of $764.16 million. During the same period in the previous year, the firm posted $0.60 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, analysts predict that A. O. Smith will post 2.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.97%. A. O. Smith’s dividend payout ratio (DPR) is presently 33.72%.

In related news, Director Ronald D. Brown sold 8,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $52.45, for a total value of $419,600.00. Following the transaction, the director now directly owns 35,896 shares in the company, valued at $1,882,745.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul W. Jones sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $49.50, for a total transaction of $49,500.00. Following the completion of the transaction, the director now owns 182,266 shares in the company, valued at $9,022,167. The disclosure for this sale can be found here. Insiders sold 18,010 shares of company stock worth $944,468 over the last 90 days. 1.03% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Bremer Bank National Association bought a new stake in A. O. Smith during the first quarter worth about $25,000. Huntington National Bank lifted its holdings in shares of A. O. Smith by 82.2% in the first quarter. Huntington National Bank now owns 512 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 231 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of A. O. Smith by 67.6% in the first quarter. Signaturefd LLC now owns 538 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 217 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of A. O. Smith in the first quarter worth about $29,000. Finally, Bremer Trust National Association bought a new position in shares of A. O. Smith in the fourth quarter worth about $26,000. Institutional investors and hedge funds own 75.29% of the company’s stock.

About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas 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; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.

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

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