Stifel Nicolaus reissued their hold rating on shares of Smith (A.O.) (NYSE:AOS) in a research report released on Monday morning. The firm currently has a $59.00 target price on the industrial products company’s stock.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Smith (A.O.) from a buy rating to a hold rating in a research report on Tuesday, November 7th. Robert W. Baird set a $61.00 price objective on Smith (A.O.) and gave the company a buy rating in a research report on Thursday, August 24th. KeyCorp restated a hold rating on shares of Smith (A.O.) in a research report on Tuesday, September 12th. SunTrust Banks restated a buy rating and set a $65.00 price target on shares of Smith (A.O.) in a research report on Thursday, October 12th. Finally, BMO Capital Markets restated a buy rating and set a $60.00 price target on shares of Smith (A.O.) in a research report on Wednesday, September 6th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $62.40.

Smith (AOS) opened at $60.97 on Monday. 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 company has a market capitalization of $10,497.92, a PE ratio of 29.93, a PEG ratio of 2.30 and a beta of 1.55. Smith has a 1 year low of $46.44 and a 1 year high of $63.70.

Smith (A.O.) (NYSE:AOS) last announced its quarterly earnings data 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. The firm had revenue of $749.90 million for the quarter, compared to analyst estimates of $741.28 million. Smith (A.O.) had a return on equity of 22.42% and a net margin of 12.18%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. sell-side analysts anticipate that Smith will post 2.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given 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 0.92%. Smith (A.O.)’s payout ratio is 27.45%.

In related news, insider Peter R. Martineau sold 22,267 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $59.33, for a total transaction of $1,321,101.11. Following the transaction, the insider now directly owns 17,528 shares in the company, valued at approximately $1,039,936.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kevin J. Wheeler sold 13,293 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $61.49, for a total value of $817,386.57. Following the transaction, the insider now owns 30,748 shares in the company, valued at $1,890,694.52. 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. 1.27% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Tennessee Treasury Department lifted its holdings in Smith (A.O.) by 143.9% in the 2nd quarter. State of Tennessee Treasury Department now owns 536,200 shares of the industrial products company’s stock worth $30,204,000 after buying an additional 316,400 shares during the period. KBC Group NV lifted its holdings in Smith (A.O.) by 372.8% in the 3rd quarter. KBC Group NV now owns 503,178 shares of the industrial products company’s stock worth $29,904,000 after buying an additional 396,752 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Smith (A.O.) by 6.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 553,602 shares of the industrial products company’s stock worth $31,185,000 after buying an additional 33,790 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Smith (A.O.) by 23.3% in the 2nd 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 during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in Smith (A.O.) in the 3rd quarter worth approximately $934,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

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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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