Analysts Set A. O. Smith Co. (NYSE:AOS) PT at $76.17

A. O. Smith Co. (NYSE:AOS) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $76.17.

A number of research analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of A. O. Smith from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of A. O. Smith in a research note on Saturday, May 24th. Stifel Nicolaus raised their price target on A. O. Smith from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, Citigroup dropped their price target on A. O. Smith from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 14th.

Institutional Investors Weigh In On A. O. Smith

Institutional investors have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of A. O. Smith in the 1st quarter valued at $26,000. National Pension Service raised its holdings in A. O. Smith by 74.8% in the 1st quarter. National Pension Service now owns 458 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 196 shares in the last quarter. TCTC Holdings LLC raised its stake in shares of A. O. Smith by 69.9% in the first quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 202 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in A. O. Smith by 161.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 539 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 333 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new position in shares of A. O. Smith in the 1st quarter worth approximately $48,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

A. O. Smith Trading Up 1.4%

Shares of AOS stock opened at $65.71 on Friday. The company’s 50-day moving average price is $65.53 and its 200-day moving average price is $67.60. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.46 and a beta of 1.21. A. O. Smith has a twelve month low of $58.83 and a twelve month high of $92.45.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm had revenue of $963.90 million for the quarter, compared to analyst estimates of $950.56 million. A. O. Smith had a net margin of 13.98% and a return on equity of 28.87%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS. As a group, equities analysts predict that A. O. Smith will post 3.76 earnings per share for the current year.

A. O. Smith Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.07%. A. O. Smith’s dividend payout ratio (DPR) is 37.99%.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.