Smith (A.O.) Corporation (NYSE:AOS) - Stock analysts at Boenning Scattergood upped their FY2017 EPS estimates for shares of Smith (A.O.) Corporation in a report issued on Wednesday. Boenning Scattergood analyst R. Connors now forecasts that the industrial products company will post earnings per share of $2.10 for the year, up from their prior estimate of $2.08. Boenning Scattergood currently has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Smith (A.O.) Corporation’s FY2018 earnings at $2.36 EPS.
A number of other equities analysts also recently issued reports on the company. BidaskClub downgraded Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday. Jefferies Group LLC reissued a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Friday, July 14th. Zacks Investment Research downgraded Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, KeyCorp reissued a “sector weight” rating on shares of Smith (A.O.) Corporation in a research report on Friday, April 28th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Smith (A.O.) Corporation currently has an average rating of “Buy” and a consensus target price of $65.40.
Shares of Smith (AOS) traded up 0.28% during midday trading on Thursday, hitting $54.20. 183,843 shares of the stock were exchanged. Smith has a 52-week low of $43.66 and a 52-week high of $57.97. The stock has a market cap of $9.38 billion, a P/E ratio of 27.94 and a beta of 1.53. The firm’s 50 day moving average price is $56.59 and its 200-day moving average price is $52.54.
Smith (A.O.) Corporation (NYSE:AOS) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. Smith (A.O.) Corporation had a net margin of 12.22% and a return on equity of 22.39%. The firm had revenue of $738.20 million for the quarter, compared to the consensus estimate of $729.33 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis.
A number of large investors have recently modified their holdings of AOS. Atria Investments LLC bought a new stake in shares of Smith (A.O.) Corporation during the first quarter worth $215,000. Bank of Montreal Can increased its stake in shares of Smith (A.O.) Corporation by 22.5% in the first quarter. Bank of Montreal Can now owns 64,835 shares of the industrial products company’s stock worth $3,316,000 after buying an additional 11,895 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Smith (A.O.) Corporation by 1.8% in the first quarter. Gulf International Bank UK Ltd now owns 44,800 shares of the industrial products company’s stock worth $2,291,000 after buying an additional 800 shares during the last quarter. Creative Planning increased its stake in shares of Smith (A.O.) Corporation by 130.9% in the first quarter. Creative Planning now owns 2,949 shares of the industrial products company’s stock worth $151,000 after buying an additional 1,672 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its stake in shares of Smith (A.O.) Corporation by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 604,850 shares of the industrial products company’s stock worth $30,726,000 after buying an additional 41,424 shares during the last quarter. 74.88% of the stock is currently owned by institutional investors.
In related news, VP Robert J. Heideman sold 30,141 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $53.90, for a total transaction of $1,624,599.90. Following the sale, the vice president now owns 39,495 shares of the company’s stock, valued at $2,128,780.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Idelle K. Wolf sold 750 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $54.96, for a total value of $41,220.00. Following the sale, the director now directly owns 54,803 shares in the company, valued at approximately $3,011,972.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,928 shares of company stock worth $7,960,678. 1.27% of the stock is owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, July 27th. Smith (A.O.) Corporation’s payout ratio is currently 29.02%.
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.
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