Smith (A.O.) Corporation (NYSE:AOS) - Equities research analysts at Northcoast Research decreased their FY2017 earnings per share (EPS) estimates for shares of Smith (A.O.) Corporation in a note issued to investors on Wednesday. Northcoast Research analyst A. Cohen now expects that the industrial products company will earn $2.12 per share for the year, down from their previous forecast of $2.14.
Smith (A.O.) Corporation (NYSE:AOS) last released its earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The business had revenue of $738.20 million for the quarter, compared to the consensus estimate of $729.33 million. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. Smith (A.O.) Corporation’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share.
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Several other equities analysts have also recently weighed in on the stock. Boenning Scattergood reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday. BidaskClub lowered shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday. Jefferies Group LLC reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Friday, July 14th. Zacks Investment Research lowered shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Smith (A.O.) Corporation in a research note on Friday, April 28th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Smith (A.O.) Corporation presently has a consensus rating of “Buy” and an average target price of $65.40.
Shares of Smith (NYSE:AOS) traded down 0.13% during trading on Friday, reaching $53.84. The company’s stock had a trading volume of 728,714 shares. The firm has a market cap of $9.32 billion, a PE ratio of 27.75 and a beta of 1.53. The stock’s 50 day moving average price is $56.54 and its 200-day moving average price is $52.55. Smith has a 12 month low of $43.66 and a 12 month high of $57.97.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Smith (A.O.) Corporation by 4,592.7% in the first quarter. BlackRock Inc. now owns 13,065,205 shares of the industrial products company’s stock valued at $668,415,000 after buying an additional 12,786,787 shares during the period. Janus Capital Management LLC raised its stake in Smith (A.O.) Corporation by 18.5% in the first quarter. Janus Capital Management LLC now owns 8,349,956 shares of the industrial products company’s stock valued at $427,184,000 after buying an additional 1,306,490 shares during the period. Alliancebernstein L.P. raised its stake in shares of Smith (A.O.) Corporation by 38.1% in the first quarter. Alliancebernstein L.P. now owns 3,679,499 shares of the industrial products company’s stock valued at $188,243,000 after buying an additional 1,014,464 shares during the last quarter. State Street Corp raised its stake in shares of Smith (A.O.) Corporation by 12.5% in the first quarter. State Street Corp now owns 7,049,020 shares of the industrial products company’s stock valued at $360,634,000 after buying an additional 781,403 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Smith (A.O.) Corporation by 97.7% in the first quarter. JPMorgan Chase & Co. now owns 1,005,561 shares of the industrial products company’s stock valued at $51,444,000 after buying an additional 496,832 shares during the last quarter. Hedge funds and other institutional investors own 74.88% of the company’s stock.
In other Smith (A.O.) Corporation news, VP Robert J. Heideman sold 30,141 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $53.90, for a total value of $1,624,599.90. Following the completion of the sale, the vice president now owns 39,495 shares in the company, valued at approximately $2,128,780.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Idelle K. Wolf sold 1,250 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $53.61, for a total transaction of $67,012.50. Following the completion of the sale, the director now owns 56,053 shares of the company’s stock, valued at approximately $3,005,001.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,928 shares of company stock valued at $7,960,678. Company insiders own 1.27% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.14 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.56 annualized dividend and a yield of 1.04%. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is 28.43%.
About Smith (A.O.) Corporation
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.
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