Smith (A.O.) Corporation (NYSE:AOS) - Stock analysts at Boenning Scattergood boosted their Q3 2017 earnings estimates for Smith (A.O.) Corporation in a research report issued to clients and investors on Wednesday. Boenning Scattergood analyst R. Connors now forecasts that the industrial products company will post earnings of $0.54 per share for the quarter, up from their previous estimate of $0.53. Boenning Scattergood has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Smith (A.O.) Corporation’s Q2 2018 earnings at $0.59 EPS.
Smith (A.O.) Corporation (NYSE:AOS) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. The firm had revenue of $738.20 million for the quarter, compared to analyst estimates of $729.33 million. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. COPYRIGHT VIOLATION WARNING: This report was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://stocknewstimes.com/2017/08/09/boenning-scattergood-brokers-boost-earnings-estimates-for-smith-a-o-corporation-aos-updated.html.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Smith (A.O.) Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Thursday, April 13th. BMO Capital Markets restated a “buy” rating and issued a $60.00 price target on shares of Smith (A.O.) Corporation in a report on Friday. BidaskClub cut shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “buy” rating on shares of Smith (A.O.) Corporation in a report on Friday, July 14th. Finally, KeyCorp restated a “sector weight” rating on shares of Smith (A.O.) Corporation in a report on Friday, April 28th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.80.
Smith (AOS) opened at 54.29 on Friday. The company’s 50-day moving average is $56.48 and its 200-day moving average is $52.60. Smith has a 12 month low of $43.66 and a 12 month high of $57.97. The stock has a market capitalization of $9.49 billion, a PE ratio of 27.56 and a beta of 1.53.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend 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 28.43%.
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 transaction of $1,624,599.90. Following the transaction, the vice president now directly owns 39,495 shares in the company, valued at approximately $2,128,780.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Idelle K. Wolf sold 1,250 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $53.61, for a total transaction of $67,012.50. Following the transaction, the director now owns 56,053 shares in the company, valued at $3,005,001.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,928 shares of company stock worth $7,960,678. 1.27% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Texas Permanent School Fund boosted its position in shares of Smith (A.O.) Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 107,526 shares of the industrial products company’s stock valued at $6,057,000 after buying an additional 899 shares during the last quarter. World Asset Management Inc boosted its position in shares of Smith (A.O.) Corporation by 2.8% in the second quarter. World Asset Management Inc now owns 10,686 shares of the industrial products company’s stock valued at $602,000 after buying an additional 291 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Smith (A.O.) Corporation by 215.1% in the second quarter. Bessemer Group Inc. now owns 12,812 shares of the industrial products company’s stock valued at $721,000 after buying an additional 8,746 shares during the last quarter. Lebenthal Lisanti Capital Growth LLC acquired a new position in shares of Smith (A.O.) Corporation during the second quarter valued at about $1,248,000. Finally, Great West Life Assurance Co. Can boosted its position in shares of Smith (A.O.) Corporation by 2.8% in the second quarter. Great West Life Assurance Co. Can now owns 121,520 shares of the industrial products company’s stock valued at $6,843,000 after buying an additional 3,263 shares during the last quarter. Institutional investors own 74.88% of the company’s stock.
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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