Smith (A.O.) Corporation (NYSE:AOS)‘s stock had its “hold” rating reissued by equities researchers at Stifel Nicolaus in a research note issued on Friday. They currently have a $56.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 4.32% from the company’s current price.

A number of other analysts also recently commented on the stock. BidaskClub downgraded shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets reissued a “buy” rating and set a $60.00 price objective on shares of Smith (A.O.) Corporation in a report on Friday, July 28th. Boenning Scattergood reissued a “buy” rating on shares of Smith (A.O.) Corporation in a report on Wednesday, July 26th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Smith (A.O.) Corporation in a report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Smith (A.O.) Corporation currently has a consensus rating of “Buy” and an average price target of $68.00.

Smith (AOS) opened at 53.68 on Friday. Smith has a 52 week low of $43.66 and a 52 week high of $57.97. The company has a market cap of $9.26 billion, a P/E ratio of 27.25 and a beta of 1.51. The company has a 50-day moving average of $55.75 and a 200-day moving average of $53.01.

Smith (A.O.) Corporation (NYSE:AOS) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $738.20 million for the quarter, compared to the consensus estimate of $729.33 million. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, equities research analysts predict that Smith will post $2.11 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Smith (A.O.) Corporation (AOS) Receives “Hold” Rating from Stifel Nicolaus” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/smith-a-o-corporation-aos-receives-hold-rating-from-stifel-nicolaus/1477509.html.

In other Smith (A.O.) Corporation news, insider John J. Kita sold 12,200 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $56.32, for a total value of $687,104.00. Following the sale, the insider now owns 85,067 shares of the company’s stock, valued at $4,790,973.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James F. Stern sold 25,200 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $54.45, for a total transaction of $1,372,140.00. Following the completion of the sale, the vice president now directly owns 176,583 shares in the company, valued at approximately $9,614,944.35. The disclosure for this sale can be found here. Insiders sold 105,400 shares of company stock worth $5,734,444 in the last ninety days. Insiders own 1.27% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. CENTRAL TRUST Co increased its stake in shares of Smith (A.O.) Corporation by 3.7% in the second quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock valued at $105,000 after buying an additional 66 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Smith (A.O.) Corporation by 6.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock valued at $112,000 after buying an additional 119 shares during the period. Korea Investment CORP acquired a new stake in shares of Smith (A.O.) Corporation during the first quarter valued at about $102,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Smith (A.O.) Corporation during the second quarter valued at about $113,000. Finally, Van ECK Associates Corp increased its stake in shares of Smith (A.O.) Corporation by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,226 shares of the industrial products company’s stock valued at $114,000 after buying an additional 145 shares during the period. 74.64% of the stock is currently owned by institutional investors.

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.

Receive News & Ratings for Smith (A.O.) Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith (A.O.) Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.