Shares of A. O. Smith Corp (NYSE:AOS) have received an average rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $69.40.

Several research firms recently issued reports on AOS. BMO Capital Markets restated a “buy” rating and set a $78.00 price target on shares of A. O. Smith in a research report on Friday, January 26th. Zacks Investment Research upgraded A. O. Smith from a “sell” rating to a “hold” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 31st. Robert W. Baird restated a “buy” rating and set a $70.00 price target on shares of A. O. Smith in a research report on Wednesday, January 31st. Boenning Scattergood reiterated a “hold” rating on shares of A. O. Smith in a report on Tuesday, January 30th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $59.00 price objective on shares of A. O. Smith in a report on Monday, December 11th.

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In related news, Director Mark D. Smith sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $62.73, for a total transaction of $163,098.00. Following the completion of the transaction, the director now owns 109,609 shares of the company’s stock, valued at approximately $6,875,772.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Ajita G. Rajendra sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $66.55, for a total value of $332,750.00. Following the transaction, the chairman now directly owns 301,018 shares of the company’s stock, valued at approximately $20,032,747.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,635 shares of company stock valued at $7,149,622. 1.28% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in shares of A. O. Smith by 70.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 1,150 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of A. O. Smith in the fourth quarter worth $203,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of A. O. Smith in the fourth quarter worth $210,000. Brookmont Capital Management bought a new stake in shares of A. O. Smith in the fourth quarter worth $224,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of A. O. Smith in the third quarter worth $245,000. 74.44% of the stock is owned by institutional investors.

Shares of A. O. Smith (NYSE:AOS) traded down $0.28 during midday trading on Friday, hitting $65.37. The stock had a trading volume of 658,780 shares, compared to its average volume of 1,035,502. A. O. Smith has a 1 year low of $49.48 and a 1 year high of $68.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.24 and a quick ratio of 1.87. The stock has a market cap of $11,269.99, a PE ratio of 38.45, a PEG ratio of 1.92 and a beta of 1.52.

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

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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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